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Positive Control. A wealthy oil-industry lawyer and longtime aviation buff, Rachal figures that his aircraft business needs extra cash more than he does. The company was founded back in 1948 by Al Mooney, who raised a small amount of capital to build the "Mooney Mite," a durable, single-engine one-seater. Trouble was, Mooney proved to be a better aeronautical engineer than businessman. Learning that the aircraft maker was hopelessly in debt, Rachal decided to take "a calculated risk." In 1954, on the night before Mooney planned to file for involuntary bankruptcy, Rachal and a brother-in-law, Norman...
...cutout bust currently on display at Manhattan's Museum of Modern Art as part of its Picasso sculpture show (TIME, Oct. 20), for which Picasso used a pony-tailed girl named Sylvette David. The N.Y.U. version will be cast in black Norwegian basalt aggregate with a "skin" of buff-colored cement by Norway's Carl Nesjar. Nesjar will etch the skin of the sculpture by sandblasting, to reveal the basalt underneath in lines that will duplicate Picasso's brushstrokes. When completed, Sylvette will be half as high and twice as sexy as the Great Sphinx of Egypt...
...that the U.S. make its road signs easier to recognize by broadening the basic spectrum of six colors (white, black, red, green, yellow, blue) now being used. The new hues would include purple for school zones, orange for road construction ("detour"), and brown for public recreation areas-with grey, buff and chartreuse held in reserve for future needs. So far, Washington, D.C., and Denver have tested the purple school signs with favorable results, and Albuquerque and Syracuse are now planning to try them as well...
Since buying the Eagles four years ago, Wolman has become a sports buff, and though he owes $7,000,000 on his holding, he claims he would not sell the club for $150 million. Moreover, even while facing financial disaster, he talks of completing one last big real estate project-a $100 million "city within a city" in Camden...
Chairman-Designate Allen will be primed to greet that boom when it arrives. A stout, genial chemist with old-school ties (Harrow, Oxford's Trinity College), Allen is a steam-railway buff who has written six books (Narrow Gauge Railways of Europe, Steam on the Sierra) on the subject. A former head of I.C.I.'s plastics division and Canadian operations, he is also a cost-conscious businessman who is quick to criticize corporations for "gathering information that is not needed, collecting useless statistics and disseminating unimportant knowledge...