Word: liquidity
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Dates: during 1960-1969
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General Dynamics may well turn that corner in due time. The directors' committee is considering selling off the money-losing commercial products end of the Stromberg-Carlson Division and perhaps also the Liquid Carbonic Division, an indifferent earner. The remainder of General Dynamics' twelve divisions are operating satisfactorily in the black, and some Wall Street analysts believe the company will show a respectable profit in 1962-provided additional write-offs on the jet program do not exceed the $5 to $10 million the directors now predict. But before General Dynamics can realize the promise it once seemed...
...oddities. Three Swiss funds invest solely in Scotch whisky futures, betting that the drinking public's thirst will force up prices by the time the liquor matures. In one of the whisky funds, an investor who wants to withdraw can, if he wishes, literally convert his shares into liquid assets. Another Swiss fund called "Berlin 1961" promised that its investments would go entirely to beleaguered West Berlin-a proposal that enraged Swiss bankers, who contended that the idea compromised Swiss neutrality...
Cheap Bird. Known in the Air Force as the "poor man's missile." the Minuteman is a bird of a different feather from the familiar Titan and Atlas intercontinental missiles. As "first generation" weapons, both the Titan and Atlas burn highly volatile liquid fuels that require a trouble-plagued network of pumps and pipes. Fueling and firing the Titan and Atlas is an intricate business-many experts doubt that they would ever get off the pad with just 15 minutes' warning. In contrast, the Minuteman burns a solid, rubberlike fuel developed by Thiokol Chemical Corp. Once the Minuteman...
Simple, compact and rugged, the Minuteman is 54 ft. tall, weighs 60,000 Ibs., which makes it about half the size of the Titan II. Liquid-fueled missiles are largely crafted by hand, but Boeing, prime contractor for the Minuteman, will treat the weapon much like a production-line item. Says Boeing's Chief Engineer Ernest ("Tex") Boullioun: "It will take us a year to install the first 150 in their silos, nine months for the next 150, six months for the next 150, and after that we expect to put 150 in every three months...
...would save teachers up to 50% of the time they now take to teach children mathematics. In addition, English children often have to memorize the medieval apothecaries' scale (20 grains to a scruple), linear measure (40 rods to the furlong), dry measure (4 pecks to the bushel) and liquid measure (52.5 imperial gallons to a hogshead...