Word: 1970s
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Dates: during 1960-1969
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Sentinel's system of radar tracking stations, long-range Spartan missiles and short-range Sprint rockets could indeed be of some avail against Chinese intercontinental missiles, although Peking has fallen a year behind schedule and is not expected to pose any threat until the mid-1970s . Against the real and present peril of 780 land-based Soviet missiles already pointed at U.S. targets, however, Sentinel will afford virtually no protection. Even a "thick" ABM shield, costing $40 billion instead of the projected $5.5 billion for the thin screen, would be hopelessly porous. Missile experts are quicker to devise...
Moreover, unlike other naval powers, the Soviet Union uses its merchant marine and other seagoing services as important arms of the navy. Russia has the world's fastest-growing merchant fleet, which will pass the lagging U.S. merchant marine in tonnage in the early 1970s. Its high-seas fishing fleet is the world's largest and most modern; many of its 4,000 craft fish for vital information along foreign coasts as well as for the creatures of the sea. The Sovi et Union also has the largest oceanographic fleet, whose 200 ships plumb the earth's waters for militarily...
Calling the ABM move a political decision made to "deprive the Republicans of a defense issue," Lapp suggested that the U.S. should instead use its long-established deterrent policy to protect itself against possible ICBM attack by China in the 1970s. His proposal: a China Polaris patrol armed with high-yield nuclear weapons programmed to hit specific Chinese targets...
That influence is rapidly expanding. Institutional investors now account for at least 35% of the trading on the New York Stock Exchange, and the proportion will be up to 50% by the mid-1970s. From 1955 through 1966-the latest date for which totals are available-the market value of stocks owned by institutions rose tremendously: from $9 billion to $19 billion for insurance companies, $12 billion to $37 billion for mutual funds, and from $6 billion to $38 billion for pension funds...
Trump Card. The U.S., which felt that Britain's earlier pledge to stay in the Far East until the mid-1970s was not nearly long enough, was naturally upset by the new schedule, delivered to Dean Rusk in Washington by Foreign Secretary George Brown. Short of registering its displeasure, though, there is little that the U.S. can do: Britain's SEATO membership, which she plans to retain, calls for no specific troop commitment. Washington's other concern was Britain's $350 million aircraft order with the U.S. for F-111 fighters. Since at least a dozen...