Word: bailouts
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Dates: during 1950-1959
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...booming coffee sales are bringing unexpected millions, and last week, by conservative reckoning, the 1959 deficit promised to be $200 million or less; Kubitschek & Co. even talk of a surplus. Turned down three months ago when he applied for approval from the International Monetary Fund for a $300 million bailout, Kubitschek says: "Loans? We don't need loans...
...million in state business taxes due between mid-March and mid-May. Despite their distaste for Soapy's big-spending habits and his longstanding political palship with United Auto Workers President Walter Reuther. the corporation bosses helped out; General Motors alone put up $13 million. But this bailout only postponed the crisis...
...Needle. He hooked his mask into the life-saving oxygen system, dove the bomber toward a lower altitude so Maxwell would not die of anoxia. The Plexiglas canopy had been jettisoned in the first attempt at bailout, so, as the plane knifed ahead at 400 knots, Obie's face was seared by the sharp, -30° wind, by whipped dust, bits of wire and insulation. His eyelids rolled back in the fierce air torrent. He dropped his amber-tinted visor over his tearing eyes-but he could not read his instruments again without lifting it. His gloved hands froze...
...altitude bailout has almost always meant quick death for the aircraft pilot. Last week the Navy successfully tested a British low-altitude ejection seat that may become the American military pilot's best friend. See SCIENCE, "Positively Wizard...
...have its cockpit perfected before 1958, and it does not expect it to solve all problems, such as an enemy hit on the cockpit itself. "In many cases, however," says Douglas Engineer Albert Mayo, "it will enable the pilot to survive. It will not guarantee him a comfortable bailout, and if the jet is headed earthward at Mach 2 and 6,000 ft. off the deck, nothing can save...