Word: tooling
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Dates: during 1950-1959
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...with jew els. The deeper they looked the more treasure they saw - and the cave went on for ever. What the scientists had found, they told one another with growing excitement, was the modern counterpart of the Philosophers' Stone, which medieval alchemists searched for in vain as the tool to transmute gold from base metals. The atom has turned the medieval dream into 20th century reality. Modern atomic science can actually transmute metals -plutonium is a transmuted metal, and gold could be made from other elements if it were worth the expense and effort...
...Pennsylvania Coal & Coke Corp. With that as a base, he diversified into gas and oil, went on to take over companies making cables, power shovels, and cranes (Industrial Brownhoist Corp.). With cash from his growing empire (now called Penn-Texas Corp.), he recently bought 80,000 shares of machine tool maker Niles-Bement-Pond, whose stock was selling a few points below the $25 per-share value of its working capital. Silberstein eventually got 51% control and forcibly installed himself as president...
Forced to change their criticism of Nehru in the light of Moscow's new adulation of him, India's Communist leaders issued 12,000 words of Party Boss Ajoy Ghosh's knotted dialectic. In it, Ghosh beat his breast for having called Nehru a tool of "landlords and monopoly capitalists," praised Nehru's foreign policy and hailed him as a prime mover of "Asian solidarity and closer relations with the Socialist camp." Then hopefully nudging his way toward the inner circle, Ghosh warned Nehru about "pro-British and pro-American imperialists" in his Cabinet...
Swathers & Wonsovers. Still other new machines are in the works. The Owatonna Tool Co. is building a self-propelled hay "swather" to take the place of the standard 7-ft. mower. Twelve feet across, it will slice through fields, cut and pile the hay in rows in a single operation, thus displacing (with a single operator) two men and three tractors, two mowers and a pair of hay rakes. Ford is working on a low-cost combine for medium-sized farms, a new corn picker that can be attached to the front of a standard four-wheeled tractor. Another...
...most successful postwar transport, will soon replace U.S. Convair 240s on short-haul routes on Holland's KLM Royal Dutch Airlines. Vickers has sold nine Viscounts worth $11 million to KLM, landed orders for five planes from three U.S. corporations (U.S. Steel, Standard Oil Co. of California, Hughes Tool Co.), thus breaking into the lucrative business-flying field for the first time. Total Viscounts sold to date...