Word: sank
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Dates: during 1960-1969
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...South African Finance Minister Nicolaas Diedrichs and Paul Volcker, U.S. Treasury Under Secretary, framed a compromise. It would permit South Africa to sell a certain amount of new gold to the International Monetary Fund whenever the country's balance of payments was in deficit and the free price sank to $35 or less. The I.M.F. would pay the official price of $35 and could then resell the metal to central banks. The deal would provide a floor under the gold price, and something of a ceiling as well. Since the I.M.F. would buy only a little gold, South Africa...
...naval hero of the Battle of Midway, turning point of the Pacific war; in Pebble Beach, Calif. In June 1942, Spruance and Admiral Frank Fletcher led a task force of 353 warplanes and 50 fighting ships against a vastly superior Japanese armada, and in a three-day battle sank four of the imperial navy's carriers, thereby virtually destroying its main offensive punch...
Earth Bugs. Later, as they bounded across the lunar landscape, Conrad asked Bean: "Ever see those giraffes in slow motion? That's exactly what I feel like." Fanning out 1,300 ft. from Intrepid, they visited half a dozen craters, sank more cores and tried to collect any gases that might be venting from beneath the lunar surface by holding a small can in a 6-in.-deep trench. AH the while, Conrad filled the airwaves with ho-ho-hos, dum-de-dum-dums, cackles and other sounds of pure enjoyment. "We could work out here for eight...
...market price of gold: the higher the price, the greater the doubts among investors as to the worth of currencies. Since, last month's upward revaluation of the West German mark, gold has dropped abruptly. From an early October level of $41.20 an oz., the price in London sank last week to as low as $37.75 an oz. The price break was the sharpest since private gold trading was freed from the $35-an-oz. official price of the metal in March...
...Snarr Advertising had moved to Salt Lake City, boasted assets of $3.5 million, annual revenues of $800,000. Then the Beautification Act was passed. "My heart sank," Snarr recalls, "and the next week my bank called in a loan...