Word: propped
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...market, gold purchases reached some $300 million, many times the nor mal demand. Because the fortunes of sterling and the dollar are closely linked, that was enough to drive the value of the pound down to a record low of $2.392, despite efforts by the Bank of England to prop it up. (In Montreal, quotations in 9210 Canadian dollars registered a comparable price.) Gold sales also soared in Paris, Zurich and Frankfurt. Everywhere, buyers were betting that the U.S. would be forced to raise the price of gold - a step tantamount to devaluing the dollar. Though the Treasury and White...
...Prop for Medicine. But many others, desperate to exchange the miserable living conditions in their own countries for the relative luxury of English life, have entered illegally. Since the 1962 Act also provides free entry for the dependents of work-permit holders, false dependency claims have vastly boosted the annual inflow. Authorities believe that thousands of illegal immigrants are flown to Belgium or France and then, in a lucrative people-smuggling trade, ferried across the English Channel to deserted beaches (fare: $1,200 to $1,800). Between 1962 and 1966, the annual immigrant inflow rose from...
When the major commercial airlines switched over to jets in the early 1960s, they were stuck with hundreds of suddenly obsolete prop planes. The surplus planes may have seemed like a herd of white elephants to the airlines, but to budget-minded travelers with imagination, they have come to represent a skyful of magic carpets. The arithmetic was irresistible: with second-hand DC-7s available for as little as $100,000, it needed only 1,000 people contributing $100 each to buy one. Some two dozen private, nonprofit travel clubs quickly formed to put that principle to work, manning...
...pleasants carrying buckets of water from a river to irrigation ditches, the way they have always done it. How many bombs will it take to destroy this method, the commentator asks. A railroad bridge is destroyed, and we see women fire-brigade-line-style lifting rocks to prop it up before nightfall, when the trains will roll again...
...Army's need developed out of the fact that low-flying, thin-skinned and slow-moving helicopters are often clay pigeons to ground-based enemy sharpshooters and are virtually impossible to protect with jet or conventional prop planes. In demonstrating how it could do the job, Lockheed's Cheyenne rolled down the runway at 50 m.p.h., stopped, reversed direction, then did a series of intricate ground maneuvers before lifting itself 10 ft. aloft and hovering in that position. Extending and retracting its landing gear, the craft climbed to 30 ft. and, in helicopter fashion, backed...