Word: steam
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...Savannah is the namesake of the 320-Ton vessel that in 1819 became the first ship to cross the Atlantic with the aid of power, going from Savannah to Liverpool in 29 days 4 hr., using a 10-h.p. steam engine to supplement her sails...
...lobbying, did not side with Peking. Only last week the 50 Afro-Asian nations made no move to block a U.S.-backed condemnation of Red China as an aggressor against Tibet. U.S. Assistant Secretary of State Harlan Cleveland believes that the "colonialism" issue may soon run out of steam ("A lot of the delegates regard it as a bore"), because there is simply not much colonialism left...
...automation entered the American language only in 1946 (presumably when Ford Motor Vice President Del Harder snapped impatiently, "Give us some more of the automatic business, some more of that automation"), the idea of having machines do the work of man dates from the 18th century development of the steam engine and the spinning jenny. The big difference in 1961 is that machines have now begun to duplicate the work of men's minds as well as men's hands, and often do it better, faster, cheaper and more accurately...
...slumps-mainly because of the Treasury's successful effort to keep short-term rates high in order to discourage "hot money" from flowing abroad and increasing the U.S. balance-of-payments deficit. As a result, the traditional push to get back to pre-recession interest rates has less steam than usual. At the same time, U.S. businessmen already have enough excess capacity so that their estimated outlay on new plant and equipment for this year dropped last week to $34.5 billion. 3% below 1960. This means that industry has no need to borrow heavily. Still another potential squeeze...
...weather attack bombers; one squadron of the versatile, all-weather McDonnell F4H Phantom II, which last week set a new world's speed record for jet flight of 1,600 m.p.h. To launch one of its 100 planes every 15 seconds, the Enterprise will use four steam-operated catapults that are so powerful that they could hurl a Cadillac sedan a mile and a half straight up into...