Word: 3s
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...suit." From Pontiac, there is a two-tone macho minivan for suburbanites who still lust for the fast lane. From Saturn, the EV1, a noiseless, all-aluminum electric vehicle. From Cadillac, Catera, GM's first Euro-American entry, designed to take on such young luxury imports as the BMW-3s and Lexus ES300...
...last week, bond traders at Smith Barney were consumed by a day of more microeconomic moves as the phones came alive with buy and sell orders. Within minutes of the Fed's announcement, one trader ran up to chief bond manager Carballeira and roared, "I've got $20 million 3s offered at 4." He got the O.K. sign. "Joe, I have a customer for $50 million 5s at 3." "Those are done," said Carbelleira. "Joe, I got a customer for $10 million 3s at 5." "No more," said Carballeira, and then: "Hey, is everyone all right?" The traders were...
Long before jets turned world travelers into day-trippers, there was the Gooney Bird, or DC-3. Slow and snub-nosed, more than 10,000 propeller-driven DC-3s made by Douglas Aircraft transported troops to victory in World War II and then re-entered civilian life to lure an entire generation to the skies. More than half a century after its debut in 1935, the Gooney Bird now has a second wind: Warren Basler, an air-freight operator and pilot in Oshkosh, Wis., has started outfitting refurbished DC-3s with turboprop-jet engines that will enable the planes...
Basler's business has more to do with economics than nostalgia. A modern small cargo jet or a commuter plane, like the Fokker F-27, commands $5 million to $8 million. But Basler can deliver his converted DC-3s for less than $3 million. Furthermore, a DC-3 averages 18 minutes of maintenance for every hour of flying time, less than the 55 minutes of work needed to keep an F-27 aloft for an hour...
...newer, stronger one and adds NASA-designed wing tips to improve the craft's aerodynamics. Next come modern instruments, radar and communications equipment for the cockpit and then two 1,420-h.p. Pratt & Whitney turboprop-jet engines. Since January, Basler has filled orders for four jet-style DC-3s from air-freight companies. Demand has been so strong that he plans to build a new factory, which will enable him to convert eight aircraft at a time and double his staff to 100 employees...