Word: speed
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Dates: during 1960-1960
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...advertising and sales-promotion manager for Aero Design, Bachelor Girl Cobb flew a twin-engined Aero Commander in 1957 to 30,361 ft., a world altitude record for a plane of its class, last year piloted another Commander over an official 2,000-kilometer course at an average speed of 226,148 m.p.h. for another class record. "She's calm as hell in a plane," says an Oklahoma pilot. "There's no fumbling with the radio dials for new frequencies, no fluttering of charts. She's the best organized girl pilot I've ever seen...
...nose downward until it pointed to earth at a 60° angle. Pins kicked loose, freeing the 349-lb. instrument capsule for its descent to earth, and the newly installed gas jets immediately set it spinning at 60 r.p.m. The quick blast of a retrorocket slowed its speed of descent. As the Discoverer capsule knifed into earth's atmosphere, it stopped spinning, shed all useless encumbrances-its gas jet equipment, the retrorocket, and the remains of a protective nose cone-and pared itself down to a svelte 143 Ibs. At 50,000 ft. the capsule's parachute popped...
...financing shipments and storage of goods-have already eased. Many short-term Government securities are held by foreign investors, and the drop in interest rates may encourage them to seek higher rates elsewhere in the world, cause a drain on U.S. gold reserves. The gold outflow has picked up speed in recent weeks, now totals some $384 million this year. But this is a healthy improvement over this time last year when the U.S. had lost nearly $1 billion in gold. Treasury officials are confident that easier credit will not cause much gold trouble...
...first half. When charged against first-half earnings, the write-off left Lockheed with a six-month net loss of $55,409,000, biggest in the aircraft industry's history. But by writing off "all our present, past and future losses," Gross hopes to speed Lockheed's profit recovery.* For the past six weeks, Lockheed has been operating profitably, hopes to cut its overall loss to $45 million by year's end. With a tax rebate and an estimated $30 million in earnings over the next 18 months, Lockheed expects to wipe out the loss completely...
...will have a new Dual-Ghia hardtop for sale this fall, to be called the "Ghia 6-4-L." Unlike the old car, the new one will be assembled in Italy, exported to the U.S. at the rate of 35 a year. Other new features: air conditioning, a speed near 140 m.p.h.-and a statusmanlike new price...