Word: setting
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Dates: during 1960-1960
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Today's go karts are direct descendants of the first model put together in 1956 by a crack Los Angeles mechanic named Art Ingels, 41, who set out to build a cheap, pocket-sized racer in the spare time from his job of working on the "big cars" that race at Indianapolis. Ingels' prototype, made from spare parts, was powered by a lawn-mower engine. The new models are often precision-built from equipment specifically designed for go karts, including tires, tiny high-speed (up to 16,000 r.p.m.) engines, steering gears and bodies turned out by some...
...national clubs are doing their best to make the sport a little less hair-raising. California's Go Kart Club of America and Florida's Grand Prix Kart Club of America have both set up rigorous standards for their races. The Go Kart Club does not allow anyone under 16 to race, claims it has never had a fatal accident in an authorized race. So does the Grand Prix, though its rules permit six-year-olds to race karts held down to 30 m.p.h. and twelve-year-olds to compete in the karts that will turn 85 m.p.h...
...American Motors' Rambler set a new record for any month with sales of 47,256, up 27% from March, 19% from April...
...heady postwar period, and were so profitable for a time that they were easily sold for high prices. To get a mortgage on such overvalued properties, some new owners had to pay up to 25% in interest and fees on five-year mortgages. Saddled by such costs, one set of owners after another has gone broke in the midst of splendor. As each new owner takes out another mortgage, some hotels have been burdened with half a dozen or more mortgages worth more than the actual value of the building...
...Servants. To woo the demanding U.S. consumer, at least to the point where the accessible substitute is preferable to a long walk, machine manufacturers have improved the quality and reliability of vending machines by employing the latest advances in refrigeration and electronics. Kansas City's Vendo Co. has set up completely automatic snack bars at the University of Kansas and the University of Wichita, offering sandwiches, milk, coffee, pastry and juices. Vendo, which expects 1960 sales of at least $50 million and profits of $2.50 per share, is setting up an automatic drive-in with a complete menu...