Word: low
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Dates: during 1950-1959
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...Domestic currency, freed by Alessandri, has stabilized at 1,052 pesos to the dollar (up from the 1958 low of. 1,200). Foreign-exchange reserves are .back to $30 million, highest since January...
...Light & Low. By 1958, Cooper cars were fast enough to win an occasional Grand Prix. This year Coventry Climax developed a special four-cylinder, 2.5 liter, Grand Prix engine, and the Coopers started showing their tail pipes to all comers. Car and engine are designed for twisting Grand Prix courses. The Climax engine delivers only 240 h.p. v. 290 h.p. for the Ferrari, can produce less speed on long, straight stretches. But the Climax delivers relatively higher power at medium speeds; in addition, the Cooper uses magnesium castings for many components, making it far lighter than the Ferrari...
...broad-faced driver has never before been a headliner: the low-slung car is operated on a shoestring. But Australian-born Jack Brabham and his Cooper-Climax are challenging-and beating-the world's biggest names this season in the exacting sport of Grand Prix road racing, the ultimate competition for lean speed machines that can chafe off rubber in skidding turns, accelerate to 190 m.p.h. on the straightaways...
Best hope for unshielded space travelers : the flares may die away during the low points of the eleven-year sunspot cycles, the first of which should come in about five years...
SHOULDER-FIRED MISSILE, to be named Red-Eye, will be developed for Army and Marines by General Dynamics Corp.'s Gonvair division under $6,000,000 contract. New surface-to-air weapon looks like World War II bazooka, is electronically guided for use against low-flying planes...