Word: porting
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Dates: during 1940-1949
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...Time for Questions. A unique blend of Mediterranean and Oriental cultures, Macao is the Far East's oldest European colony. It is smaller than Manhattan, and its population (300,000), mostly Chinese, is less than Newark's. Four centuries ago, it became Europe's first port in China. In the 19th Century it was eclipsed by Hong Kong, which is four hours southeast by steamship. It fell into a somnolent decadence, lived shabbily on gambling and other shady practices, until even in the Portuguese homeland it became known as the shameful "city of sin and opium...
Died. Solomon R. Guggenheim, 88, last of the seven Guggenheim brothers who, with their father, a Swiss-born peddler of household knickknacks, ran a $25,000 investment in two Colorado silver mines into one of the world's largest fortunes; in Port Washington, N.Y. With earnings from his share in his family's international mining interests (Alaskan copper, Chilean nitrate, Bolivian tin), Solomon donated millions to charity (mostly anonymously), in 1947 gave some $4,000,000 to establish the fourth of the famed Guggenheim foundations† which supports Manhattan's avant-garde Museum of Non-Objective Painting...
Administration members jumped on the Democratic sweep in the Empire State to point up their claims of bigger and better things for the Fair Deal. They pointed to victories in traditionally Republican cities like Syracuse and Port Jervis, and to the fact that four Democrats gained city council seats in Philadelphia, of all places. They chuckled over Fulton Lewis' confident pre-election remark that Harry Truman couldn't call Lehman's victory a mandate unless he got a 100,000 majority...
Economically, Dairen is almost completely prostrate. The port itself, once capable of berthing 50 to 60 ships, now handles about one foreign freighter and two Russian ships weekly...
Died. Henry L. Straus, 53, president of Tropical Park race track since 1941; in a private-plane crash; near Port Deposit, Md. Turfman Straus made a fortune in royalties out of his invention, the American totalizator, a complicated (1,500,000 moving parts) electrical device which automatically calculates the odds in pari-mutuel betting...