Word: aircrafting
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...Minsk conferees made less headway on the former Soviet conventional forces and weaponry. The numbers are still gigantic: 3.7 million men in uniform, more than 10,000 combat aircraft, 56,000 tanks, nearly 90,000 artillery pieces, 800 warships. Russian President Boris Yeltsin argued for central control over all this too, but Ukraine, Moldavia and Azerbaijan insisted that they had to have their own national armies. Most Soviet naval bases were in Russia, but Ukraine was quick to claim the Black Sea Fleet, which had its home port in Ukraine's Sevastopol. Without warning, Russia ordered the newest aircraft carrier...
...different company, GM is already vastly different from what it was in the free-spending days of Stempel's predecessor, Roger Smith. Money seemed to be no object for Smith, who spent $5 billion to acquire Hughes Aircraft, $3 billion to build the experimental Saturn division and $700 million to buy out his boardroom rival H. Ross Perot...
What led to the change of heart was the speed with which some of America's most vaunted industries -- computers, semiconductors and commercial aircraft -- have lost domestic and worldwide market share to Japanese and European rivals. America's technological edge -- its insurance policy against economic decline -- has been narrowing. Flush with cash, Japan has outspent the U.S. on investment and research, devoting nearly 3% of economic spending to nondefense research, while American R. and D. spending remained under 2%. Four Japanese companies -- Hitachi, Toshiba, Canon and Fuji -- each captured more American patents in 1989 than any single U.S. firm. Predicts...
...Japan the only contender. Last month McDonnell Douglas agreed to sell 40% of its commercial-jet manufacturing operations to a company owned partly by the government of Taiwan. In doing so, McDonnell Douglas cited competition from Airbus, the subsidized European aircraft consortium. Once it's rolling, the deal could cloud one of the few bright spots in America's economic picture: the $16 billion trade surplus in commercial aircraft. "It's a classic example of what's wrong," said New Mexico's Democratic Senator Jeff Bingaman. "Much of the technology that McDonnell Douglas is selling was developed with American taxpayer...
...were given credit for shooting down the first Japanese aircraft of the war. One of our old blunderbuss antiaircraft guns lined up one of the planes and hit him. A bomb hit near two destroyers in dry dock. Their seams opened % up, their oil drained out and caught fire, their magazines went off. They were cremated...