Word: lifts
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Dates: during 1960-1969
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...sport. They call it "parachute riding," and it works like this: first a parachute is laid out on the ground with all the shroud lines straight; then it is harnessed to the rider, who stands, sits or stretches out on a flat piece of heavy cardboard. Helpers then lift the chute so that it can fill with wind-all the while chanting "Come and help, Gus!" (the name for springtime gusts in the Rockies)-and away the rider goes over the grass on his cardboard chariot at speeds as high as 30 m.p.h...
...first-quarter corporate profits but sprinted to a new peak for 1967. Responding to growing indications that the economy will turn up later this year, the Dow-Jones industrial average climbed 13.87 points to close at 897.05. On top of earlier gains, that gave the market a 43.71-point lift in three weeks-for its strongest rally since January. And it left the Dow-Jones only an edge below the 900 level, which many brokers consider the last psychological barrier to a bounding bull market...
...first time in modern history, the store of gold in the free world's central banks actually dwindled (by $100 million), as private hoarders bought huge quantities of the metal. Dollars, the second major source of world monetary reserves since World War II, provided no offsetting lift because France turned in its own dollars for gold faster than other nations added dollars to their reserves. World trade, on the other hand, swelled by 81% in 1965 and 91% in 1966. If continued, those trends mean that international trade will bog down in time for lack of gold and money...
Cheaper Loans. Still, builders, lenders and economists agree, with rare unanimity, that the ailing industry will regain its health by year's end. President Leon Weiner of the National Association of Home Builders last week predicted that a substantial upturn during the summer and fall will lift starts to a 1967 total of 1,300,000, as against 1,220,000 in 1966. Such optimism is based mainly on the Government's sharp switch toward easier credit. Interest rates on home mortgages have dropped faster than in any recent period in Federal Reserve records. Eastern investors who demanded...
...Cheil Wool Textile Industrial Co. Ltd. have not only halved the price of worsted goods for Koreans but have also helped the trade balance by sales to U.S. clothing manufacturers. Lee's sugar refinery at Pusan, started in 1953, provided the nation with a psychological lift because it was built at a time when the war with North Korea had left few businessmen willing to risk their capital on long-term investments. The urea-fertilizer plants, which will help make South Korea self-sufficient in fertilizer, are Lee's biggest project yet. His favorite enterprise is the Joong...