Word: modern
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Dates: during 1960-1969
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...London market. Next day he made a neat profit when the New York Stock Exchange reopened following the holiday and prices shot upwards on word of the victory. Baruch was proud to have been a speculator, but he cringed at the implications the term came to carry. "Modern usage," he noted in a 1957 autobiography, "has made the term 'speculator' a synonym for gambler and plunger. Actually the word comes from the Latin speculari, which means to spy out and observe. I have defined a speculator as a man who observes the future and acts before it occurs...
Meanwhile, the Conservative Party, which was knocked from power by the Liberals in 1963, drifted along under the shaky but cantankerous leadership of John Diefenbaker, 72, the suspicious Westerner who has been trying to blot out modern life with interminable reflections on the pure, brave simplicities of his youth. At long last, after a seven-month battle, Dief decided to quit as Conservative boss, but not without making a final spectacle of himself, first by running for the leadership, which hardly anybody wanted, then by giving up after the third ballot and backing a candidate who was rejected...
...where the Queens were launched, Queen Elizabeth II will smash a champagne bottle to send the Cunard Line's new est flagship down the ways. The vessel, known up to launch time as "Q4" or "Hull No. 763," is slightly smaller than the Queens and, owing to modern materials, vastly lighter (58,000 tons v. Elizabeth's 82,997). And, to the relief of a British government that is underwriting much of its cost, it will also be more economical...
...with all the haughty aplomb of a modern-day Captain Bligh, decreed Britain's Postmaster General Edward Short. The pirates in this case were the dozen or so illegal radio stations that for the past three years have been beaming pop music into the British Isles from makeshift studios on rusty ferries, minesweepers, freighters and abandoned World War II antiaircraft towers just outside the three-mile limit. True to his word, Short last month helped push a piece of legislation through Parliament which, by making it a criminal offense to supply advertising, food or ships to the outlaw stations...
...universal" check, along with its subspecies the "counter" check, remains a staunch standby of Americans who find themselves out of modern, magnetically coded personal checks, credit cards or even old-fashioned cash. But in an age when 44 million checks are cashed and processed daily by speedy check-reading machines, the uncoded universal kind is about as handy as wampum-and the Federal Reserve System would like to see it go the same...