Word: investing
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Dates: during 1950-1959
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...Force, which has batted down many a flying-saucer report, has long wished (in private) that it could build one. By last week, the Air Force was prepared to invest heavily to make hallucination come true. Air Force men have inspected a Canadian mockup saucer, approved a more advanced design, and hope within three years to have a prototype that can take off straight up, hover in midair, and fly at mach 2.5 [nearly 2,000 m.p.h. at sea level]. Its designer: John C. M. Frost, 35, a tall, shy Briton with a passion for flowers and flying saucers...
...Thrilling? It is no longer a rich man's monopoly (although it is still dependent on wealthy men willing to invest in the breeding, training and racing of thoroughbreds). Its adherents are a mixed bag of rich and poor, high, middle-and lowbrow: those who get their kicks from the beauty of the horse and the excitement of the race, those who look only at the tote board, those who find in the combination of these attractions all the attributes of a poker game, circus, picnic, athletic contest, suspense movie, as well as an escape from the lesser, daily race...
...must do in backward areas is not much different from the transformation he has seen in his native South. Says he: "The Civil War knocked us flat on our backs and left us there . . . Slowly and painfully, we picked ourselves up. We began to be able to save and invest ... A little capital begot more capital; a little expansion begot more expansion . . . The South's story tells how development works...
...Surplus to Invest...
...Risky Business. But Bunker, who knows that uranium is often a risky business, is not betting all his money on it. His company has set up a separate department of industrial development to invest in a whole new series of strategic metals. Climax owns thorium deposits in Colo rado, wants to expand into large-scale production of such other vital metals as nickel, cobalt and manganese, all needed for U.S. strategic stockpiles...