Word: bailouts
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...maybe not. The bailout devices consist of rockets that whip the astronauts clear of the shuttle one by one, and a pole that allows them to slide out until they are clear of the craft's wing. But both are designed to be used only when the shuttle is flying more or less level, at altitudes of up to 20,000 ft. -- well inside the earth's atmosphere. That might do some good in a mission aborted before going into orbit, or in the case of an anticipated crash landing. However, says ex-Shuttle Astronaut Donald Peterson, "it's like...
...nearly so dire as movie images would suggest. During the first half of the decade, Iowa farmers were devastated by high interest rates, falling commodity prices and a collapse in land prices, their primary collateral for loans to pay for equipment and seed. But then came a costly federal bailout: the $28 billion 1985 farm bill. Aided by a falling dollar that spurred agricultural exports, farm income soared by 30% between mid-1986 and mid-1987. "Farmers are making strides," concedes Neil Harl, a professor of agriculture at Iowa State. "They are not using income to buy machinery. It will...
...fixed-price contract, Congress ordered the service to pay for Dravo's cost overruns. Navy paymasters stalled until the 1987 fiscal year ended Sept. 30. Now, they discover, Dravo is back again. Just passed by the House Appropriations Committee, the 1988 Defense Department budget includes the same $10 million bailout. "Greed is still rampant," fumed Assistant Secretary of the Navy Everett Pyatt...
Also yesterday, Gov. John Sununu said a bailout plan proposed by a New York group for Seabrook's main owner, Public Service Company of New Hampshire, has some good points...
Consolidated Utilities and Communications Inc., a group of Public Service bond holders, has proposed a rival bailout plan which would freeze electric rates for three years...