Word: sharping
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Dates: during 1950-1959
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...their name, holding down cushy jobs at swank country clubs, where they charge up to $50 a lesson. For a further fee, they sing the praises of cigarettes, fishing tackle and sport clothes. Playing only in occasional major events, the old pros find it hard to keep their game sharp enough for tournament competition...
...ever getting too hot. The bluntness creates a shielding shock wave out front that cuts the velocity of the air actually hitting the nose to subsonic speed, then slows the missile to around 500 m.p.h. Instead of evaporating in more than 10,000° re-entry heat, as a sharp-nosed metal warhead might, it descends at a cool...
Despite its proneness to bluntness, the Air Force last month successfully fired a Thor-Able missile with a faster-flying new nose of the type developed by the Army on its Jupiter IRBM. This one is more classically sharp. Instead of absorbing and avoiding heat, it removes heat by "ablation." Technique: coating the nose surface with materials that melt or vaporize while absorbing heat, yet leave the material underneath cool and undamaged. The best materials seem to be polymer plastics, mixed with fibers of glass...
...eyes of most Wall Streeters, is not easier credit but the fear of a new burst of inflation. Many a Wall Streeter shares the Fed's worry, feeling that anxiety over inflation has lifted stock prices too quickly on the basis of current earnings. This has caused a sharp change in the "spread"-the difference between stock and bond yields. As stock prices have risen, bonds have dropped (see below); while the return on blue chips has fallen to 3.8%, the best bonds now yield more than 4%. In the past (1929, 1937, 1946 and last summer), when bond...
Although corporate bonds were holding up much better than Governments (see chart), the sharp decline in U.S. bonds was pushing up the cost of money for Sears and other prospective private borrowers. As the price of Government bonds fell, their yields rose sharply. Last week a recent issue of long-term Government bonds paying a coupon rate of 3¼% was actually yielding more than 3⅝%. A recent issue of relatively short-term bonds with a 2⅝% coupon was yielding...