Word: jewellers
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...Capote knew what the story was. "And I have a suspicion," Capote said later, "that John wasn't too clear about it." Surprisingly, Beat the Devil turns out to be a sort of screwball classic. It is the first movie since On Approval−that scintillating paste-jewel of a picture with Beatrice Lillie and Clive Brook−to torture the moviegoer by making him positively ache to laugh, and then deliberately forcing him to hold it and hold it until he is ready to scream...
Bulova Watch Co. makes no secret of the fact that it does business with a cartel. Like other U.S. watchmakers who import Swiss movements, it has to; the Swiss passed a law in 1951 cartelizing their entire watch industry. Since 86% of all jewel movements sold in this country come from Switzerland (about 70% of Bulova's do), virtually every U.S. maker deals with the cartel. In doing so, the industry knuckles under to a tightly closed shop. The Swiss dictate how much watches are to be sold for, where they may be sold, and how many a manufacturer...
...reason why nobody has ever broken the cartel is that nobody has been able to compete with the Swiss in price. The cartel puts a tag of $4 on a 17-jewel movement; the U.S. tariff adds another $2.10. To make a 17-jewel movement in the U.S. costs $10.50. Higher duties narrow the price spread for 21-jewel movements. Therefore Bulova, biggest of the importers, has been forced into making only 21-jewel movements in the U.S. Although Bulova is the biggest U.S. manufacturer of jeweled watches, its production, along with the rest of the U.S. industry, has been...
...Jewel City Bowl in Glendale, Calif., 300 spectators gathered for an unusual bowling event. They had come not to watch bowlers but machines. As a bowler sent his ball crashing into the tenpins, the ball hit the cushion, set off an automatic switch. Almost before a spectator could say "Strike," an intricate machine swept the alley clean of pins, set them in place on a rack, dropped a second set of pins into place, and sent the ball back to the bowler. It was an impressive demonstration of the American Machine & Foundry Co.'s new automatic pinspotting machine...
...Jewels & Squeaks. For the past four years, Ascari has been driving for Motor-maker Enzo Ferrari, whose jewel-like ($10,000 and up) speedsters have given him his greatest triumphs and narrowest squeaks. Until last week's Monza, Ascari's closest brush with death was 1949's Netherlands Grand Prix. Ascari was leading by three laps. "I was doing 120 m.p.h. on the straightaway," he recalls, "when all of a sudden the left rear wheel flew off and rolled into a meadow." Somehow, Ascari managed to keep his Ferrari balanced on three wheels, gradually let it slow...