Word: bailouts
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Dates: during 1950-1959
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Supersonic Parachute. To rescue pilots from a supersonic bailout, Radioplane Co., a Northrop subsidiary, has devised a special parachute called the Skysail, packed tightly in a container that an air blast cannot tear open. When the pilot jumps, his hunched body slows down quickly. When his speed is subsonic (and the pilot is probably unconscious), the chute is designed to open gradually, distributing the shock over a longer interval than the standard parachute. Moreover, a special harness spreads the deceleration forces over a larger area of the pilot's body. If he is able to survive the hammer-like...
...Texas Consolidated Oils. Symington charged that Allen E. Freeze, former RFC official, had taken a $22,500-a-year job with the oil company while on RFC's payroll and while the agency was considering the loan, damned by the Senate Banking Subcommittee as a "bailout" for big banks and Massachusetts insurance companies. Freeze's duties did not involve the loan directly, said Symington, but he had made at least 50 long-distance calls to Texmass about...