Word: wave
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Dates: during 1960-1969
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...spun much of the cobweb over British banking. It now insists that U.K. banks limit the total amount of overdrafts by their customers, forces them through other restrictions to lend no more than 55% of their deposits. Fifty years ago, the British Treasury put an end to an earlier wave of bank mergers by threatening legislation to control them. Backed by the Bank of England, that anti-merger doctrine persisted until last spring. Then the Labor government's Prices and Incomes Board called for a new policy, complaining that British banks had grown stodgy and uncompetitive...
Freeway Shock Waves. In subsonic flights, an aircraft exerts a pressure disturbance that travels forward at the speed of sound, parting the air ahead so that it will flow relatively smoothly around the plane. Supersonic planes produce the same kind of pressure wave but actually outrace it, causing the air molecules to pile up. This effect, says Cahn, "produces a shock wave like cars slamming into each other on the freeway." To eliminate or reduce the booms caused by these shock waves, the Northrop scientists decided, SSTs would have to be provided with an artificial forward-moving "pressure wave" that...
...Depression. And while the company struggled to stay solvent, Cantor rose steadily through a series of management upheavals. He became president in 1952, well aware that he had "a very sick company" on his hands. He prescribed heavy cost cutting and an all-out push into the then new wave in retailing: discounting...
...frequent visits to Saigon. He likes to make a small pleasantry to his Vietnamese audience--usually "Vietnam for 1000 years." Unfortunately his aides never told him that the printed words for the phrase have to be pronounced quite precisely to convey the message. And every time Mac would wave his arms and give his little greeting, the audience would always hear something quite different: "the duck wants to lie down." The Viets would always howl at this time and Mac thought he had really scored. Maybe his French will get him by at the World Bank conferences...
...Gulf, where a modern Russian trawler with sophisticated electronic gear lurked near by with obvious curiosity about what was going on. The Cachalot was dangled beneath the surface from a 100-ft. boom while Martin, insulated by a hooded wet suit, tried to focus on it. When a wave swell, of which he in the ocean depths was unaware, caused his target to heave up out of camera range, he swam up after it, only to swim even faster the other way when the ponderous bell descended...