Word: space
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Dates: during 1950-1959
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...wiliest space grabbers ever to bamboozle an editor, New York Press-agent Jim Moran, 51, has found a needle in a haystack (after 82 hr. 35 min.), hatched an ostrich egg (19 days on the nest), sold an icebox to an Eskimo and two snow-blind fleas to Paramount (for use under klieg lights), to pitch himself or a client into the newspapers. Last week Moran was landing in print again, on a coast-to-coast search for "the happiest girl in America-a girl as happy as a Lark." His client: Studebaker's Lark...
...Also at Canaveral, the National Aeronautics and Space Administration tried to fling into orbit a10-lb. plastic and aluminum inflatable sphere that would circle the earth like an oversized beach ball (diameter: 12 ft.), measuring friction in the outer reaches of the atmosphere. The three-stage Juno II rocket itself (a modification of the Army's operational workhorse Jupiter) blasted off without a hitch, but the beach ball never achieved orbit, probably through a failure in the attitude control system...
...atmosphere, and C-119 transport planes-trailing trapezelike devices to snare the descending parachute-were waiting 700 miles southwest of Hawaii. But Discoverer V was never heard from again. The Air Force will keep on trying to make a successful catch; it is a primary step toward returning a space man to earth alive...
...hardest fall was taken by the highest flyers, the space-age electronics stocks, which have soared giddily in recent months. Fairchild Camera & Instrument Corp. fell 23¾ points on the American Exchange. So great was the confusion when trading in Fairchild Camera was suspended temporarily that Exchange President Edward T. McCormick went onto the floor to discuss the break at Fairchild's trading post. Other electronics stocks followed; Texas Instruments fell 3⅞, IBM 2½. Zenith 4⅛, Litton...
...space age is Laurance Spelman Rockefeller, 49, third (after John D. Ill and Nelson) of the five famed Rockefeller brothers. A blue-eyed, trim (180 Ibs.) six-footer, Laurance Rockefeller hardly needs more money; he is worth about $200 million. But he believes that wealthy men have a social responsibility to risk their riches, invest in inventive young companies. Says he: "I like doing constructive things with my money, rather than just trying to make more." The "constructive thing" was to put $5,000,000 into some two dozen long-shot companies since World War II. In doing...