Word: minimum
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Dates: during 1950-1959
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...workings of virtually every type of vessel and must be able to issue orders in a babel ranging from Greek and Arabic to French and Norwegian. Under the canal's pre-Nasser bosses, a master's certificate backed by ten years' experience at sea were minimum requirements for a Suez pilot, and even then it took two years of apprenticeship on the canal to teach a new pilot the ropes and another ten to fit him for handling the biggest ships...
...Force Captain Manuel J. Fernandez Jr. is an old hand at taking chances. In the dangerous skies over Korea, he took so many and took advantage of them so well that he accounted for 14½ MIGs. To his annoyance, peacetime duty kept his adventures to a minimum. Last year Captain Fernandez discovered a new way to cut loose. He began to devote all his spare time to planning and practicing for the Bendix Trophy race, a 1,120-mile dash from George Air Force Base, Calif, to Will Rogers Field in Oklahoma City...
...last resort, not used since 1951, the Fed can make the 6,502 banks in the Federal Reserve system raise their minimum reserves, which now average 16% of loans, thus drastically cutting their lending ability overnight. (The FRB can also reverse this process when recession threatens; e.g., it opened the door for a $9.6 billion credit expansion by lowering reserves...
...voice to those already raised in warning (TIME, Aug. 6), against two widely publicized new "wonder" diets: the "Rockefeller" (low-protein) diet and the "fabulous formula" diet of corn oil, dextrose and evaporated milk. The A.M.A. Journal reports noted that both diets could drop the patient below the minimum protein requirement, thus upsetting the bodily nitrogen balance and leading to a variety of deficiency diseases. "Fortunately, few people will adhere to either of these diets for long . . . But there are compulsive dieters, just as there are compulsive drinkers . . . and in these subjects harm can be anticipated that . . . the ingenuity...
...midst of unsurpassed prosperity, money was scarcer in the U.S. last week than at any time since the Depression. Major U.S. banks, struggling to meet the massive demands of business for plant expansion, increased the prime rate (minimum interest charged the biggest, most reliable borrowers) from 3¾% to 4%. By upping the price of money to the highest level it has reached in 23 years, bankers hoped to stretch available credit to satisfy the pyramiding requirements of established customers. Smaller businessmen will be paying at least 5% for loans, while many companies that have not set up lines...