Word: sec
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Dates: during 1970-1979
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Victory can be sweet even when it is easy. Chopping effortlessly through a moderate southerly breeze out in Rhode Island Sound, Courageous won her fourth straight race against Australia's Southern Cross by an almost embarrassingly wide margin of 7 min. 19 sec. That ended the best-of-seven America's Cup series and ensured that the old mug would remain bolted to its table in the New York Yacht Club, which has held it for 123 years. All that Courageous Skipper Ted Hood and his eleven-man crew got for their troubles was a few postrace swallows...
Walker Fillius, whose detector picked up electrons at a rate of 13 million per sec.-more than enough to penetrate several inches of steel: "We were biting our nails to see if the spacecraft would survive-and it did, just by a hair...
...steal only nine bases in a season and Wills had slowed down to 52, Brock looks as streamlined as he did a decade ago. He stands 5 ft. 11 in. and weighs a trim 170 lbs. Stop watches have clocked his dash from first to second at 3.5 sec., half a second better than the average baserunner. It is a crucial fraction. "It takes a pitcher an average of eight-tenths of a second to deliver the ball from a set position," explains the analytical Brock. "Add to that the time it takes the catcher to handle the ball...
Beyond its picaresque aspects and the individual investors' losses, the Home-Stake affair has broader implications. Officials of the Securities and Exchange Commission worry that such glittery schemes are siphoning away investment capital needed badly by legitimate businesses to expand or modernize their enterprises. Late last week the SEC issued an unusual public warning to investors not to fall for "get-rich-quick schemes, promising spectacular returns without any basis of fact." It came too late, of course, for the people who invested in Home-Stake...
...profession has suffered a more painful drop in public esteem than accounting; in recent years accountants have been regularly criticized for failing to expose corporate shenanigans, and have been sued for allegedly certifying misleading company earnings reports. Four SEC complaints have been filed against Peat, Marwick, Mitchell & Co., onetime auditor of such tarnished firms as Penn Central and National Student Marketing and a giant of the profession (it recorded worldwide billings of $370 million in 1973). Last week Walter E. Hanson, 48, a former railroad accountant and senior partner (chief executive) of Peat, Marwick since 1965, moved to restore confidence...