Word: u2
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Climbing as smoothly as a U2, the stock market has risen more than 50% from its lows of mid-1962, has advanced 7% since Jan. 1. Last week, for the first time in 41 years, the Dow-Jones industrial average set a new record on every trading day. It rose 10.19 points in all, closing the week at 816.22. Pleasantly surprised that Wall Street's bull had crossed the 800 hurdle without even pausing for breath, many brokers are beginning to talk of a market at 900 before year's end-though they expect stocks to fall back...
...Perhaps the lack of capital was also the cause of the declining rate in Russia's air and space spectaculars. The latest edition of Jane's All the World's Aircraft lists only one new Soviet plane for 1962-a high-altitude reconnaissance plane like the U2. Jane's also suggested that Russia's His and Her space-twin flights "failed to achieve all their objectives, which may have included orbital rendezvous," pointed out that the Russians, in addition, lost contact with their rocket probe of Mars...
...pays damages if one country's space capsule crash-lands in another's biggest city? May political propaganda be beamed to earth from space? Or TV commercials? When the U.S. orbits a reconnaissance satellite, are the Russians entitled to knock it out if they can, like another U2? If space explorers meet a race of intelligent nonhumans, how are men and bug-eyed monsters to live together under the rule of law? Such questions were once the specialty of science-fiction writers; lately they have become the serious concern of lawyers and diplomats...
...Angel" turned out to be an ugly, long-winged bird that precipitated a cold war crisis. Its official designation was "U-2." And last week, for the first time, Kelly Johnson, 53, revealed the dramatic details of the U2's birth and some of its incredible achievements...
Eighty days after he began, Johnson had built his first U2; it was an efficient machine that could cruise at 90,000 ft. In August 1955, a test pilot flew the ship successfully-in a rainstorm...