Word: overtook
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Inevitably, with the market some 25% above the 1929 peak on the Dow-Jones industrial average, there are comparisons to '29-and the disaster that overtook small (as well as big) investors. But there is as little resemblance between the '55 and '29 markets as there is between the dynamic expansion of the American economy in 1955 and the static economy of 1929, when more and more stocks were floated on the same productive base. Furthermore, most of the rules of the game are different...
Last year, for the first time since the war, said the report, the rate of housebuilding overtook the bare needs of replacement and population growth. The fastest-building countries were Norway (10.5 units per 1,000 pop.) and West Germany (10.2).* Slowest were Czechoslovakia (2.2) and East Germany (2.3). France, because it delayed so long and has so far to go. made the most dramatic acceleration (40% of French houses have officially passed the age of obsolescence-100 years). In two years, France's construction doubled to 162,000 units...
Jorgensen, despite a week-old cough, held onto his lead until the final turn, when the Elis' ace, Rex Aubrey, overtook him. Yale finished first by half a body length, the Crimson placed second, and Duke Hust brought Dartmouth home only eight tenths of a second later. The Crimson time of 3:28.1 is a Harvard record...
Twice in recent years. Harry Grice, an ailing 42-year-old electroplater of Birmingham, had tried to take his own life. Each time his wife Catherine dissuaded him. Last week, on his way home from work, death overtook Harry Grice. The neighbors who carried Harry's body home from the nearby lane in which they found it. and the doctor and the policemen who were called in to take charge, all agreed that Harry had been the victim of a heart attack. Nobody thought to put any blame on the innocent-looking bottle of ginger beer that was found...
Back home, Litchfield designed the first successful U.S. pneumatic tire, got a patent, and put Goodyear in production. By 1906 he was back in Britain, and this time Goodyear won. Says Litchfield: "That's when we really started to go." By 1916 Goodyear's sales overtook its biggest competitors, Goodrich and Diamond, even though they merged to fend off Goodyear. With the tire business booming, Litchfield soon started exploring other fields, made the first U.S. Navy blimps and balloons in World War I, later tried its hand at dirigibles. In World War II the company...