Word: hairpins
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Sequence of Squeeze. With inflation becoming a reality as prices jumped, the Federal Reserve at midyear made a hairpin turn. It shifted from expanding the money supply at a 6% annual rate to contracting it by a 2% rate, doing so by selling Government bonds to sop up cash. From April to August, the money supply - currency in circulation and demand deposits in banks - dropped from $171.6 billion to $166.9 billion. The reverse was particularly jarring because, simultaneously, loan demands were greatly stepped up as a result of two moves by the U.S. Treasury - which does not always coordinate...
...Mark II prototypes looked like world beaters when they finished one-two-three in February's Daytona Continental, Sebring demands more than mere speed; it is a claw-shaped, 5.2-mile maze of airport run ways and interchanges that has 13 corners (including seven 90° turns, a hairpin and a double S) and 25 gear changes per lap. "Our cars are too heavy for this track," complained Ford's No. 1 driver, Ken Miles. "The Chaparrals have the advantage over us -they're lighter, and they should go the distance with less strain...
Despite its convolutions, or rather because of them (they prohibit extreme speeds), Sebring has never been considered a particularly dangerous course. Nobody had been killed there in seven years-until last week. On the fourth lap, Robert McLean, a Ford dealer from Vancouver, B.C., was gearing down for the hairpin when his Canadian-owned Ford GT 40 careened into a phone pole and burst into flames. McLean died in the fire, but worse was to come. On the 200th lap, Pennsylvania's Mario Andretti tried to downshift his non-factory Ferrari from fourth to third, slammed the lever into...
...single most important source of oil is "the Great North Road" that connects it-sort of-with Tanzania. Winding for more than 1,000 miles through rain forests, game plains and mountain ranges, the road may well be the world's worst international highway. Its dizzy hairpin turns were scraped out and leveled (often with dragged thornbushes) by African tribesmen working off their tax debts. Along its flat stretches, the road is little more than a trail of treacherous sand or soap-slick mud. Black, blinding rains and eerie mists make it all but impassable from October...
Then luck took a hand-with a nudge from Surtees' teammate, Lorenzo Bandini. Running fourth, unable to pass Hill on the straightaways, the Italian picked the worst turn on the course, a tight hairpin, as a likely spot to make his move. Four times he tried to slip past; four times he failed-coming so close to Hill's B.R.M. that the Briton shook his fist in anger. On the 31st lap he tried again-and this time he slammed into the B.R.M., bounced it clear off the track into a fence. Tail pipes bent, title hopes shattered...