Word: aero
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Dates: during 1980-1989
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...office is buried in financial documents. "I know exactly where everything is -- unless somebody moves the paper. Then there'll be a crisis." Somehow Icahn's operation remains efficient despite the increasingly complicated latticework of his investments. Icahn raises money through an array of partnerships bearing such names as Aero Limited, Crane, Pelican and Condor. He changes the titles frequently so that his competitors cannot easily follow his activities in the market. To play, new investors must kick in a minimum of $100 million. But as Icahn told TIME, "No matter how much money they give me to invest...
...school. Instead it is a rite of commercial nostalgia: Beehive, two hours of songs from girl singers and girl groups of the '60s. Six wailing women, six guys in the house band, the stage a huge steel blue jukebox. Plus 32 wigs, 25 costume changes and 15 cans of Aero Lak hair spray each week. "Our wig designer spends so much time hair spraying," says Larry Gallagher, 35, the show's creator and director, "he has to wear a surgical mask." But that is the only extravagance. Beehive offers no frills, few risks -- just a sweet wallow in the bottomless...
...Congratulations! You are the winner of a weekend retreat in the Bahamas. Enclosed please find your champagne-flight boarding pass." So began an apparent promotional letter from Puno Aero Tours to some 200 seemingly lucky Floridians. On the appointed day, the letter continued, the winners would be picked up for a ride to the airport in limousines. They were indeed picked up -- by federal marshals masquerading as chauffeurs. The would-be vacationers, handcuffed within moments after climbing into the cars, were all fugitives, wanted on charges ranging from embezzlement and grand theft to rape. Puno Aero Tours was a front...
Trouble struck Lockheed's TriStar just after the first of the 300-passenger jets rolled off the Palmdale, Calif, assembly line. Production temporarily stopped in February 1971, when Britain's Rolls-Royce, the prime engine supplier, went bankrupt. The British government took over Rolls-Royce's aero-engine division, but demanded proof that Lockheed was financially sound before providing the equipment. Lockheed was indeed in trouble, but Congress approved a controversial $250 million loan guarantee for the company. The first TriStar was delivered to Eastern Air Lines in April 1972, about six months later than scheduled...
DIED. Frank Malina, 69, pioneering American aeronautical engineer whose early work on solid-fuel rockets helped the U.S. land the first man on the moon; of a heart attack; in Paris. Malina and the late aero-dynamicist Theodore von Karman helped found what became the California-based Jet Propulsion Laboratory in the late 1930s to research high-altitude rockets. During World War II, the two scientists developed solid-fuel rockets to give propeller-driven aircraft faster takeoffs. In 1945, they helped design one of the U.S.'s first high-altitude sounding rockets, the WAC Corporal. Malina left...