Word: tools
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Dates: during 1960-1969
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...salve to the stock market. The Dow-Jones industrial average had already worried off 14 points from its Feb. 8 high of 861 for the year when the market met one of its all-too-familiar Mondays. Hit by a scatter shot of news about turndowns in steel, machine-tool and rail-equipment orders, the Dow-Jones plunged 10.69 points-its biggest drop in three months. When the Fed's easy-money move came at midweek, it helped power the market to a 4.12-point gain in a trading day so turbulent that at one point the stock ticker...
...Working Tool. The largest share of the parent company's business is done with the U.S. through a ten-month-old subsidiary called Mitsui & Co. (U.S.A.), Inc., which, with headquarters in Manhattan's Pan Am Building and branches in eight other cities, handled some $420 million in trade during its first six months alone. For years, a significant chunk of Mitsui's business has come from "off shore trading" deals involving the U.S. and countries other than Japan. In one case, Mitsui shipped U.S. machinery to Brazil, which in turn sent coffee to Sweden, which...
...spacemen themselves file a strong demurrer. To them, the commitment of man to the moon is essential. Says Chris Kraft, director of NASA Flight Operations: "After the canned man and the monkey flights, we found that by adding a man, you've added a tremendous tool. We now have man in the loop-and that's made the difference." Without a man on board a spacecraft, there is no judgment aloft, no freedom of choice, no chance to take advantage of unforeseen opportunities, less chance than ever of getting past unforeseen trouble. Ranger's pictures...
Friendly Enemy. Some skeptics regard Williams' civil-libertarianism as a mere tool for winning juries and influencing judges. His admirers, on the other hand, laud him as a "guardian at the gate" of constitutional rights. Whatever the truth, the result earns Williams more than $200,000 a year and involves him in such diverse roles as president of the Washington Redskins football team, adviser to the American Civil Liberties Union, and general counsel of the Teamsters Union (though he no longer acts as the personal attorney of Jimmy Hoffa). He has a lawyer wife, seven children and a handsome...
...idea died with F.D.R. The French moved back into Indo-China, and with monumental lack of foresight, immediately reimposed the same old colonial order. Thus was the stage set for Dien-bienphu, partition and the present war. Historian Schlesinger concedes with disarming candor that history is a terribly "tricky" tool for predicting the future. In the long run, he writes, history "can answer questions, after a fashion"-but as the late economist John Maynard Keynes once said, "in the long run, we are all dead." As for the short run, "the salient fact about the historical process," says Schlesinger...