Word: overhanging
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Dates: during 1960-1969
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...backing among European bankers. Many worry that the value of their own hefty gold stocks would be lowered if the free-market price should slip below the official price. The larger South Africa's gold pile grows, the more nervous the bankers get, fearful that the great golden overhang might somehow cause the free-market price to collapse. Some see South African sales to the IMF as a clever way to let European countries increase their own gold reserves without violating the March agreements. Such countries would simply swap their own currencies for IMF gold...
...Carpenter Center for the Visual Arts (left) is Le Corbusier's only building on this continent and Harvard's most exciting one. You can walk under and through the VAC three different ways without even getting inside. The only entrance is hidden from the street, under an overhang, and near the building's geometric center. Its combination of curved and planar surface screate a kind of dynamic visual movement few buildings have. Its axis is on a diagonal from Quincy St.; but the exterior has no "sides...
...orders placed with factories rose modestly in March, the Commerce Department reported last week. And manufacturers' inventories showed their smallest gain ($311 million) in almost two years, as rising retail sales eased economists' worry over the "inventory overhang." Says President Robert Williams of Youngstown Sheet & Tube: "Customer stocks of steel have come down pretty well. We have seen the bottom of our operating curve." Says Alcoa President John Harper: "We feel the economy will gather strength. We expect the aluminum industry to grow faster than the economy...
...overall, 45 ft. at the waterline, compared with 68 ft. and 46 ft. for Columbia and Constellation. An obvious advantage is weight; Stephens figures that he saved more than 60 Ibs. on the shorter bow alone. What's more, says Stephens, without the usual heavy fore and aft overhang, the short-ended Intrepid will be less prone to lose speed by hobbyhorsing in rough seas around the Cup course off Newport, R.I. To keep the boat's center of gravity low and thus increase her stability in a breeze, Stephens prescribed lightweight titanium for the top third...
...industrial average fell for four days in a row, struggled up just a bit in the final session, and closed at 864-down 16½ points for the week.* Everybody on Wall Street was waiting for news from Washington and looking for a firmer fix on three uncertainties that overhang the market: Viet Nam, steel labor, and the immediate future course of the U.S. economy...