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...Danish crane that does its work, then takes itself apart and climbs back down to earth, was lifting two-ton blocks of Indiana limestone up into the reaches of the cathedral's turreted Gloria in Excelsis tower. When completed two years from now, the 300-ft. tower will soar over Washington, surpassing in height (because of its hilltop location) the 555-ft. Washington National Monument...

Author: /time Magazine | Title: Religion: Washington Monument | 5/4/1962 | See Source »

...return to earth from his orbital flight, the radios of his Mercury capsule were blacked out for seven minutes by the plasma sheath. Laser light, if strong enough, can penetrate plasma, and Dr. Tomiyasu believes that returning space vehicles of the future, such as Apollo moon capsules or Dyna-Soar gliders, will use laser burst-communication to talk to the earth despite the flaming meteor trails around them...

Author: /time Magazine | Title: Science: Laser Magic | 4/20/1962 | See Source »

This would be less disconcerting had not the New Frontier, in hopes of stimulating confidence, unleashed its prediction that the 1962 G.N.P. would soar by almost $50 billion, to $570 billion- a prospect that now looks less likely...

Author: /time Magazine | Title: State of Business: Strong -- But Sluggish | 4/6/1962 | See Source »

From Berkeley, Kennedy flew to California's Vandenberg Air Force Base, 250 miles to the south, for a personal inspection of the facilities that help make his optimism possible-U.S. retaliatory missile power. Standing on a coastal hill, he watched an Atlas missile soar out over the Pacific, learned later that it had sped 5,000 miles downrange, landing within a mile of its target. It was the first time that he had seen an ICBM fired. Then, in the relaxing atmosphere of California's Palm Springs area, where he was a weekend guest at Bing Crosby...

Author: /time Magazine | Title: The Presidency: Free Nations, Free Men | 3/30/1962 | See Source »

...averaging just under 5%. Moreover, industry's allotments for capital outlay are determined not just by profit margins but also by consumer spending patterns and by the amount of existing manufacturing capacity (most industries currently have more than they can use). Though profits after taxes are expected to soar from last year's $23 billion to about $27 billion this year, industry's plans for capital spending have not increased proportionately...

Author: /time Magazine | Title: State of Business: Productivity & Profits | 3/23/1962 | See Source »

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