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...blue-green glaciers is the size of Holland; one wildlife preserve could hold Hungary. Alaska's 33,000-mile coastline doubles that of all the coterminous U.S. While Port Walter in the southern panhandle is flooded by 18 feet of annual rainfall, the wind-dried North Slope is an Arctic desert that gets only four inches of precipitation a year. At Fort Yukon in the vast central plateau region, temperatures plummet from 100° in the summer to 75° below zero in the winter. To travel from the state capital of Juneau to the outermost Aleutian island of Attu...

Author: /time Magazine | Title: Environment: The Great Land: Boom or Doom | 7/27/1970 | See Source »

...Still, it would cross 4,800-ft. mountains, 23 rivers, 124 streams and three active earthquake zones. A single rupture could dump as much as 20,000 bbl. of oil, killing all wildlife for miles around. Moreover, tanker spills off Valdez could irreparably harm Alaska's fishing industry. In Arctic waters, where the cold prevents oil molecules from breaking down, the damage could be drastic...

Author: /time Magazine | Title: Environment: The Great Land: Boom or Doom | 7/27/1970 | See Source »

...harsh ks and ts. Americans actually had to stay there. On Attu, they fought the second bloodiest battle of the Pacific war (549 American, 2,350 Japanese dead), and the only one on U.S. soil. Nor did peace close the bases. Because Alaska lay close to Russia, the Arctic shore soon sprouted heavily instrumented DEW line stations...

Author: /time Magazine | Title: Environment: The Great Land: Boom or Doom | 7/27/1970 | See Source »

...Elizabeth II of England this week is pushing farther north than any of her predecessors have ever gone on a ceremonial tour. On her ten-day, 4,000-mile itinerary is a stop at the village of Resolute Bay, 700 miles north of the Arctic Circle, where the entourage (100) will nearly equal the residents...

Author: /time Magazine | Title: People: Jul. 13, 1970 | 7/13/1970 | See Source »

...consolidated net earnings were a dismal disappointment. They came to only $10.3 million-down from $14.4 million in 1968, and far from Cornfeld's predictions that I.O.S. would "double its income every year." Had it not been for a controversial revaluation of some of the company's Arctic oil lands, I.O.S. would have earned less than $600,000. More important, the 1969 earnings were reduced by a $4,000,000 reserve set up to cover "potential losses" from "certain transactions," notably company loans to its own and affiliated officers, directors and employees. Some of them used the money...

Author: /time Magazine | Title: Mutual Funds: Those I.O.S. Loans | 6/22/1970 | See Source »

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