Word: gadget
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...election year, Harry Truman recently observed, Americans behave somewhat like primitive people at the time of the full moon. As this year's political debate warms up, TIME is offering its subscribers a new gadget that will help settle many an argument, perhaps touch off a good many more...
...gadget should delight practitioners of political oneupmanship. In a hassle over who opposed Zachary Taylor in 1848, the Settler-directed contestant would be in a position to score: "Why, Lewis Cass. I thought everybody knew that...
...insurance industry is embroiled this week in a first-class row over the variable annuity, the newest gadget in financial security. The word that caused the trouble is "variable," which means that the premiums are invested in common stocks and that payments vary according to the rise or fall in stock values and dividends, instead of being paid in fixed amounts. The big advantage of the variable annuity is that in periods of inflation, when the purchasing power of the dollar depreciates, stock prices and dividends more than make up the difference by their rise...
Steel Inspector. To find microscopic holes in strip steel before it is made into tin cans, General Electric Co. has developed a gadget that shines a powerful light on the strip to make pinholes show up. The detector can find holes less than the diameter of a human hair while the strip runs by at 2,000 ft. a minute...
...oasis community of Palm Springs, the relatively modest (4,750 sq. ft. of floor space) $650,000 ranch house of Los Angeles Industrialist Robert McCulloch (power mowers, chain saws) was near completion after a year's construction. Big reason for the dream house's high cost: gadget-mad Bob McCulloch's departure from mere reliance on ordinary home appliances into pioneering a sort of householder's pushbutton paradise. Items: 1) beds that spring up and away from walls for easier sheet-tucking, 2) two bars with refrigerated drawers for glassware, perpetually cold ice buckets, automatic bottle...