Word: space
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Dates: during 1950-1959
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...announce two momentous steps at the same time. Last week the U.S. advanced on two fronts. One was in the realm of pure, theoretical science, the exploration of matter; the other was in the practical field of rocketry and man's urge to fling himself far out into space...
...happy about was a consent decree just handed down by a U.S. circuit court against the rival Wichita paper, the Eagle, which was ordered to cease and desist in its longtime practice of forcing subscribers to take both its morning and evening editions and requiring advertisers to take space in both editions or none at all. Moreover, the Beacon (said the Eagle) had sicked the Justice Department on the Eagle in the first place -as just another episode in one of the nation's oldest, ugliest newspaper feuds...
...road maps, the new superhighway that curls through the pleasant woodlands surrounding Boston is known routinely as Route 128. But to U.S. industry, it is known more romantically as the Space Highway. Amid the landscaped woods of the industrial parks along commuter-clogged 128 are tucked scores of low, angular buildings bearing science-fiction names: Trans-Sonics, Tracerlab, Microwave, Dynametrics. These plants add up to the biggest and fastest-growing science-based complex* in the U.S., and provide the nation's most impressive proof of the vast new industrial potential of the electronics and space age. Beyond that, they...
Along the highway, giant manufacturers such as Raytheon, RCA, Avco and Sylvania are hard at work on missile and space systems. Smaller firms make components and instruments-some of them so tiny that a week's production fits into the rear of a station wagon. Many of them are so sophisticated that even company brass are hard-put to explain how they operate. From 128's small companies come devices that can read print optically, or probe space to guide a missile...
...whiz kids keep up their phenomenal growth? The companies are heavily dependent on Government contracts, which can be cut back or canceled overnight. Their products often can be copied by competitors. Their financing can fall through if the stratospheric stock market ever tumbles or credit tightens. Their space-age industries can run into rugged shake-outs-just as most other industries have in the past. This means that only those with the wisest managers, the sharpest scientists and the biggest bankrolls will come through. Even for those, the prices of the stocks are so high that investors are, in effect...