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...been fitted with a $100,000 Plexiglas-walled cab that travels up the outside of the building. Built by Glass Elevator Corp. of San Diego, the transparent 16-passenger elevator rides on a hydraulic steel ram 16 inches in diameter and 175 feet long. It starts its upward journey in the hotel lobby, emerges through the second-floor roof above the building's setback, then heads for the 12th-and 15th-floor restaurants. Glass Elevator Corp., which has already lined up other potential customers, says that an outdoor elevator can be put on any skyscraper, no matter how tall...

Author: /time Magazine | Title: GOODS & SERVICES: New Ideas, Apr. 30, 1956 | 4/30/1956 | See Source »

...take advantage of the spin of the earth (1,340 ft. per second at the launching point. Cape Canaveral, Fla.). When it burns out and separates, 36 miles above the earth on a curving trajectory, the second stage will take over. After burning out in turn, it will coast upward, still attached to stage 3, to the 300-mile level. While it coasts, its mechanical brain will be reading its numerous instruments and telling little gas-jets how to turn it in space until its length is parallel with the surface of the earth. The new, untried gas-jets will...

Author: /time Magazine | Title: Science: The Artificial Satellite | 4/23/1956 | See Source »

...this second proposition, it may be that the quality and strength of our political agreement has not yet been convincingly tested. We still hear talk in some Republican circles about the inflationary effect of full employment, and the corresponding advantages of four or five million unemployed to cushion upward pressures on the price level...

Author: NO WRITER ATTRIBUTED | Title: A Diplomat Looks at American Politics | 4/13/1956 | See Source »

What Latin America really needs from foreign trade is enough return to buy the capital goods required to send its Johnny-come-lately industries into an upward spiral, lifting the people's standard of living. This "capacity to import" is set largely by the volume of exports of farm products and minerals and the price they bring. Last year Latin Americans turned out plenty of these products, e.g., agricultural output (sugar, bananas, meat, coffee, cacao, wool) was bigger than in 1954, both total and per capita. But the prices of the exports fell so sharply (notably in coffee...

Author: /time Magazine | Title: THE AMERICAS: 1955, Year of Setback | 4/9/1956 | See Source »

...bubble of gas expanding at 60 miles per second on the eastern edge of the sun opened the film. It grew steadily more brilliant for five to ten minutes. Suddenly part of the top broke off and sped upward at 700 miles per second or 2 1/2 million miles an hour...

Author: NO WRITER ATTRIBUTED | Title: University Astronomers Observe Record-Breaking Sun Explosions | 3/26/1956 | See Source »

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