Word: dipped
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Dates: during 1950-1959
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Biggest market for pools is still in California (70,500 at the end of 1958), but as construction techniques improve, prices dip and banks grow more willing to finance pools as readily as cars, backyard swimming pools are spreading across the rest of the country. Construction in northeast and midwest states (where pools often double as skating rinks in winter) will increase on an average of 70% over last year, and in southwest and mountain states a 61% increase in construction is expected in 1959. A 20-ft. by 40-ft. pool that cost $15,000 before World...
Shaped like a heart, diamond, kidney, cucumber or pretzel, many a pool is still prized as a status symbol. But as prices, which vary with trimmings and construction difficulties, dip below the $3,500 level, families see the backyard swimming pool simply as a new way for family fun and a sure way to increase property values. Explains C. W. Dearborn, assistant vice president of the California Bank of Los Angeles: "Last year people kept telling me, 'This is the year we normally buy a new car, but they cost too much and they depreciate too fast...
...Reserve Board warned the Philadelphia Bond Club that industrial prices have risen 2% since the recession low, sooner and more sharply than after the two last recessions, despite continued high unemployment and unused industrial capacity. The upsetting fact about this, said Balderston, is that the price level did not dip during the recession, perhaps because the downturn was so short. "The recent advances are piled on top of a level that never dropped down. When prices fail to decline during a recession, then they are in position to contribute to inflation during expansion...
...week break from prayer meetings on his Down Under "Crusade for Christ," Evangelist Billy Graham went out for a dip in the Pacific surf at Broad-beach, Australia. Later, tanned and rested, he flew off to New Zealand, stirred 3,000 welcomers with a message of hope: "If Christians around the world unite in prayer, we could avert war. We don't have anything in common racially or politically. One common denominator we do have is spiritual...
Cheating the modern slots is therefore no job for the amateur. It requires professional skills: the crust of the con man, the deftness of the dip, the skill of the safecracker. The professional cheater will buy a machine ($400 and up), take it home to his workshop for devoted scientific study. Disassembling it, he will examine each reel, spring and screw. How best to make his entry? What tool will do the job? What part of the mechanism should be jimmied with what tool? Then comes careful experimentation until at last he discovers the machine's weak spot...