Word: breakthroughs
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Dates: during 1960-1960
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...something that everyone already knew. Furthermore, they point out that the rails, which once accounted for more than 50% of the value of stocks on the exchange, have dwindled to less than 5%, cannot be taken as seriously as they were when the Dow Theory was instituted. The crucial breakthrough by the industrials and rails was caused in part by investors who sold in fear that the penetration would take place, thus helped bring on the very thing they feared...
TIME CORRESPONDENTS SEEM TO HAVE LEANED TOO HEAVILY ON REPORTS FROM THE GUTTER IN THEIR STORY ABOUT THE CROWN PRINCE MOHAMMED OF JORDAN. THE INTENSE SUBVERSIVE PROPAGANDA AND POLITICAL RIVALRIES IN THE AREA ARE TRYING IN VAIN TO FIND A BREAKTHROUGH TO SMEAR WITH FALSE RUMORS H. M. KING HUSSEIN AND HIS MOST BENEVOLENT AND SUCCESSFUL MONARCHY. THIS, I AM SORRY TO SAY, IS THE TRAP INTO WHICH YOUR REPORTERS HAVE BLINDLY FALLEN. I THINK IF THEY HAD INVESTIGATED MORE CAREFULLY THEY WOULD HAVE FOUND EMIR MOHAMMED IS AS RESPONSIBLE AND NO MORE ROWDY THAN AN AVERAGE 19-YEAR...
Douglas production may not be long acoming. Hardly was the news on the tickers when the Caravelle made its first big U.S. breakthrough. In Denver, United Airlines announced a $60 million order to Sud for 20 Caravelles (with an option for 20 more), the first time that United has bought anything but U.S. planes. Another Caravelle has been sold in the U.S. to Jet-Engine Builder General Electric Co., which will use the plane as a flying showroom for its new CJ-805-23 aft-fan engine, which delivers more thrust for lower fuel consumption than standard jet engines...
...test of a peaceful space-exploration vehicle, but it was unmistakably an exercise in political muscle flexing, designed to impress the U.S., its allies, and the world's sideline countries with the spectacle of Soviet missile might. Viewed with cool reason, the Pacific shot represented no missile breakthrough. The U.S. Air Force's Atlas intercontinental ballistic missile, already operational in small numbers, has flown more than 6,000 miles, has a potential range of 8,000 miles or more. And Atlas' accuracy, proved in several tests, is as close to pinpoint perfection as the Soviet Pacific missile...
...Breakthrough. In announcing the new index, the Fed pointedly made no reference to the mounting attacks on its pol icy of credit restraint, which many Congressmen contend has sacrificed growth for stable prices. Last week Democrat Paul Douglas' Joint Economic Commit tee of Congress came out with a massive report on "employment, growth and price levels" that criticized the policies of Fed Chairman William McChesney Martin Jr. and Secretary of the Treasury Robert Anderson as "stepping too hard on the fiscal and monetary brakes,"thereby limiting economic expansion. But the Fed's bulletin makes clear that output...