Word: metalized
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Dates: during 1960-1969
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...been careful to free skyjacked planes and passengers after no more than an overnight delay. The airlines and electronics firms are working on weapons-detection systems to spot armed passengers during boarding. One company has developed a device that it claims can distinguish a gun or knife from other metal objects, at a cost of under $1,000 per installation. While each skyjacking costs an airline around $8,500, the carriers are reluctant to spend the amount necessary to search each passenger on every plane that might conceivably be skyjacked...
...Preference for Metal. It was a ritual pledge, made in response to urgent requests by European bankers to help quell a new outbreak of speculation. The free-market price of gold had been creeping up for more than a month, partly because of tensions in the Middle East and partly because Kennedy inadvertently raised hopes in December that the new Administration might raise the official gold price. Mindful of Nixon's orders to avoid taking policy positions before the inaugural, Kennedy replied to a question about gold prices by saying that he would "keep all options open." Despite disclaimers...
Still, the 20% gap between the different prices revived skepticism about the durability of the "two-tier" price system. In last year's gold rush, the $3 billion that drained out of official reserves created a price-stabilizing oversupply of the metal in the free market. Now that cushion is depleted because speculators have bought it up. If the price gap grows larger, the central bankers of smaller nations might be tempted to unload official stocks of gold at the much higher free-market price-thereby circumventing the two-tier arrangement...
...tier system has worked well so far, but its future is imperiled by a fundamental defect. When central bankers decided to let the marketplace set the price of gold for speculators, hoarders and industrial users, they also agreed to stop buying and selling the metal except to settle debts among nations. Thus the world's monetary gold stocks were artificially frozen at $40 billion. But nations' appetites for gold have grown stronger, and their trust in paper currencies has become weaker. In the past year, these countries have changed the percentages of gold (as against paper money...
...down from the Matanuska Glacier swept the snow cover off long stretches of the road ways, and the gravelly pavement destroyed many of the steel skis. Repairs were all but impossible in the sub-zero weather, since the flesh of the snowmobilers' hands tended to freeze to the metal of their machines. Several snow mobiles were blown off the road and down steep embankments. One competitor suffered a broken pelvis when he lost control and veered into a bridge abutment. Frostbite claimed dozens more. By the end of the first day the field had been reduced...