Word: starting
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Dates: during 1960-1969
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...ever comes when U.S. tourists start traveling in any numbers through China-travel there now is discouraged by both the State Department and Peking-they will find a wealth of practical information in Nagel. The guide gives the number to call in Peking (07), if you want to hear the correct time in Chinese, reveals that in China there is no cheating in commerce, no cheese, no tipping, and "absolutely no night life"-and very few flies, either. The trains run on time, and Chinese guests, one should be forewarned, usually arrive a few minutes early. The visitor should...
Here's how it works: start with Rube Goldberg, 84 (A), who 60 years ago became one of the country's top cartoonists (B), made his name part of the language with those whimsical inventions (C), helped found the National Cartoonists Society in 1945 (D), the members of which then named its highest award for excellence, "the Reuben," after Goldberg (E), which was then presented to leading cartoonists annually (F), and finally last week was presented to Goldberg himself (G), who retired from cartooning five years ago to begin a new career in sculpting...
Almost Out. Until last week, McDonnell Douglas was almost out of the running. Last February, the newly merged company got off to a fast start with an order from American Airlines of 50 subsonic DC-10s capable of carrying up to 343 passengers. But after that, competing Lockheed Aircraft got all the business with its L-1011. Lockheed signed up TWA, Eastern, Delta, Northeast, and a British airplane sales company for a total of 172 planes. McDonnell Douglas, which will not break even until it sells around 100 airbuses, grimly admitted that unless other orders came in, the program would...
Again and again, federal receivers tried to interest other builders in salvaging the property. Among the biggest home-building companies, such purchases of partly developed tracts have become increasingly enticing because building can start at once, and there is no need to tie up capital in land inventories. But one after another, builders looked at the wreckage of Bellehurst and declined-even after Long Beach Federal S & L settled its fight with the bank board. Finally, Watt hired a computer, made 31 separate runs over the possibilities of profit and cash return, and decided to take the gamble. Since then...
Last week, for example, the Weyerhaeuser Co. teamed up with the Palo Alto, Calif., home-building firm of Brown & Kauffmann to start an $18 million residential community on the San Francisco peninsula at Los Gatos. Weyerhaeuser will invest more than $3,000,000 in its first venture in home building, and split profits with Brown & Kauffmann. Most of the money is to be borrowed from Metropolitan Life Insurance Co. at a rate (71%) well below that which the home-building firm might itself have had to pay. Though small companies still dominate the housing business, the trend is running clearly...