Word: projects
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Dates: during 1950-1959
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...Southern Project...
Manhattan's famed land-rich Astor family, which gave the city some of its best-known hotels, e.g., the old Waldorf-Astoria and St. Regis, last week promised Manhattan the biggest and glossiest project in the family's 150 years in New York real estate. Vincent Astor, 64, fifth-generation chief of the U.S. clan founded by John Jacob Astor, announced that he would build a block-square, 46-story office building at Park Avenue and 53rd Street, thus add to Manhattan's office space another million square feet, the air-conditioned, carpeted equivalent of 17 football...
...even in its pre-Nasser heyday, when shares reached $355 (in 1954), had the Canal Company inspired such excitement. Its stock was always the kind of security that Frenchmen, who own 45% of the shares, put away for old age; the British government, which originally called the project a "bubble scheme" for "gullible capitalists," later bought 44% of the shares for ?4,000,000, has netted a handsome 26%-a-year return on its original investment...
...Larry's Folly." Though workers called the project "Larry's Folly," Bell's new interest was helicopters, because "you're like a bird-you can go anywhere you want." By 1946 Bell was in production with its first basic Model 47 helicopter, has since sold more than 1,000. Airman Bell also led the attack on the sound barrier with the stainless-steel, rocket-engined X-1, which blazed to a 967-m.p.h. speed record in 1948. Five years later Bell's improved X-1A topped 1,650 m.p.h. and a 90,000-ft. altitude...
...foundation plans to raise 20 million dollars in order to support the project which, according to Pfeiffer, "will be strictly non-commercial in character with no concessions of any kind." He chose the site in California because of its similarity to the Holy Land in climate and topography...