Word: rocketted
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...stock market will not rocket higher or careen into a ditch just because the Dow notches a fifth digit. But Dow 10,000 is a critical plateau in that it will be the product of an extraordinary run. If the Dow had risen at its historical rate of 11% a year instead of its 24% average annual rise since 1994, it would now be nearing 6000, and we'd be years--not days--from popping the cork. No one can say when this period of outsized gains will end. But the same trends will not last forever...
...long before, Goddard, a physics professor at Clark University in Worcester, Mass., had published an arid little paper on an outrageous topic, rocket travel. Unlike most of his colleagues, Goddard believed rocketry was a viable technology, and his paper, primly titled "A Method of Reaching Extreme Altitudes," was designed to prove it. For the lay reader, there wasn't much in the writing to excite interest, but at the end, the buttoned-up professor unbuttoned a bit. If you used his technology to build a rocket big enough, he argued, and if you primed it with fuel that was powerful...
Goddard meant his moon musings to be innocent enough, but when the Times saw them, it pounced. As anyone knew, the paper explained with an editorial eye roll, space travel was impossible, since without atmosphere to push against, a rocket could not move so much as an inch. Professor Goddard, it was clear, lacked "the knowledge ladled out daily in high schools...
Born in 1882, Goddard was a rocket man before he was a man at all. From childhood, he had an instinctive feel for all things pyrotechnic; he was intrigued by the infernal powders that fuel firecrackers and sticks of TNT. Figure out how to manage that chemical violence, he knew, and you could do some ripping-good flying...
...student and professor at Worcester Polytechnic Institute and later at Clark, Goddard tried to figure out just how. Fooling around with the arithmetic of propulsion, he calculated the energy-to-weight ratio of various fuels. Fooling around with airtight chambers, he found that a rocket could indeed fly in a vacuum, thanks to Newton's laws of action and reaction. Fooling around with basic chemistry, he learned, most important, that if he hoped to launch a missile very far, he could never do it with the poor black powder that had long been the stuff of rocketry. Instead, he would...