Word: silver
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Dates: during 1960-1969
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...world's commodity exchanges, silver for some years has been about as volatile and exciting as molasses. The U.S. Treasury, as the chief free-world supplier of the metal, has kept the market quiet by selling bullion at a low $1.29 per oz. in order to keep the price below the point (about $1.40 per oz.) at which melting U.S. coins for their silver content becomes profitable. Last week, after the Treasury yielded to the rising demand on its own dwindling stocks by lifting the price lid after four years of control, silver exploded as the shining new commodity...
Cautiously waiting until the weekend close of business, the Treasury announced that its dwindling stock of silver would no longer be available at the $1.29 bargain price. Instead, the Government will sell for whatever the market will bear-and ration such sales to just 2,000,000 oz. a week rather than the generous 4,000,000 or so it had been letting go recently...
...with grey, but his sturdy arms and legs are hard with the muscles of a sportsman. He is an inveterate hunter, horseman, scuba diver and deep-sea fisherman. He introduced water-skiing to Jordan, then took up kiting. Above all, he loves speed, and at the wheel of his silver Porsche 911 is usually a winner in Jordanian sports-car events. To the horror of his security men, he is also addicted to motorcycle racing and free-fall parachute jumping. Before the Israelis knocked out his air force, his favorite pastime of all was careening around...
...their highways. Giant fans installed several years ago along the New Jersey Turnpike to blow fog away instead seemed to draw more into the area. Propane jets, used successfully to clear fog around Paris' Orly Airport, would be prohibitively costly to install along miles of highway. Like silver-iodide seeding-another technique used to clear fog from airports-the Orly system is effective only against fogs that occur at below-freezing temperatures; most New Jersey fogs form at warmer temperatures. The propane jets also have a side effect that makes them even more impractical for highway use: they generate...
...brash and flamboyant, the towering (6 ft. 6 in.) Hoffman cool and brilliant. Born in Chicago, Hoffman graduated with Phi Beta Kappa honors from the University of Illinois in 1943, returned to get a law degree after serving as an army captain in Europe (two Purple Hearts and a Silver Star) in World War II. He joined New York Central in 1952, quickly moved up the ranks to become executive vice president in 1962. At Flying Tiger, it won't hurt that he is a licensed pilot who flies his own twin-engined Aero Commander, goes...