Word: soarings
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Dates: during 1960-1969
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...only acting as it had in the past. The Fed was given the power to control margins in 1934 in order to prevent a repetition of 1929, when the crash was intensified by the vast number of speculators operating largely on credit. So when stock prices soar and speculators' borrowing increases, the Reserve Board raises margins as a damper. Traditionally, when credit to securities buyers falls about 10%, the Fed interprets it as a sign that speculative pressure has ended and cuts margins. Currently, credit to securities buyers stands at $5 billion-about 12% below the figure when...
...Nordness went about his work, other dealers began to speculate about just what he was up to. Since Johnson wanted to conceal his name lest prices soar, Nordness had put it out that he was buying...
...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...
...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...
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...