Word: starting
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Dates: during 1950-1959
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Upwind Fight. Shields tried for nothing fancy at the start of their third race, trailed Vim across the line by a boat length. But Shields was to windward, where he could get free air, and that was all he needed. Beating upwind against a 20-knot southwester on the twice-around, windward-leeward course of 24 miles, Columbia was out ahead rounding the first mark, plowed on through the running...
Push-Pull Power. Even in such company, a 29-year-old pressman for the Los Angeles Times stood out from the start. Calm, calculating Marion ("Mickey") Thompson had put together an $8,000 streamliner that seemed to howl with speed just standing still. For push-pull power, Thompson remade two 1957 Chrysler engines and geared the first to the front wheels and the second to the back. To soup up the engines to a total of 850 h.p., Thompson and his buddy, Fred Voigt, added a magneto to each for hot-spark firing (standard ignition gradually weakens as engine speed...
Beamed Presidential Economic Adviser Gabriel Hauge: "No doubt about it. That's big news." The big news was a report from the Commerce Department that industry's expenditures for plant and equipment apparently stopped declining in the third quarter, will start climbing in the fourth quarter. The Department polled industry, found capital outlays are expected to be at the same annual rate in the third quarter as in the second, $30.3 billion, seasonally adjusted. Spend ing is expected to rise in the fourth quarter to $31 billion, some three to six months before forecasters had expected the turnabout...
...from May to July, manufacturers' sales rose $1.1 billion, to $26.3 billion. New orders to manufacturers also climbed $1.3 billion to $26.3 billion. Meantime, the rate of inventory liquidation slowed considerably, a sign that the day is near when manufacturers and retailers will stop living off the shelf, start replenishing stocks with fresh orders. The book value of manufacturers' inventories dipped $400 million in July, far less than the $700 million drop in June. The figure was down to $49.8 billion...
...born in Knox County, Texas and graduated from Texas Technological College ('37), got a backhanded boost toward success from eccentric, erratic Howard Hughes. Thornton quit Hughes Aircraft in the same big blowup of Hughesmen (TIME, Oct. 5, 1953) that sent Simon Ramo and Dean Wooldridge off to start their own famed Ramo-Wooldridge Corp. With Thornton went Roy L. Ash, Hughes Aircraft's assistant controller and now Litton...