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...Nationalistic logic would dictate that the new ships be more tankers to handle the U.S.S.R.'s swelling exports of oil and bulk carriers to haul imported grain and exported coal. But the Russians instead have ordered from their own and other Communist countries' shipyards 100 new dry-cargo vessels and 33 fast containerships-vessels clearly destined for general world trade...

Author: /time Magazine | Title: SHIPPING: Those Ruthless Russians | 5/3/1976 | See Source »

When German submarines sank Allied shipping at an appalling rate during World War II, Hughes advocated the building of a gigantic airplane that could fly troops and cargo to the battle zones far above the reach of U-boats. Since metal was in short supply, he constructed his plane from lumber; hence its nickname, the Spruce Goose. Working in a mammoth hangar, which still stands at a Hughes plant in Culver City, Calif., Hughes built the huge eight-engine flying boat, which was as big as today's Boeing...

Author: /time Magazine | Title: TYCOONS: THE HUGHES LEGACY SCRAMBLE FOR THE BILLIONS | 4/19/1976 | See Source »

...Ford Administration, meanwhile, was annoyed with Israel for attempting to block a U.S. proposal to sell six C-130 cargo planes to Sadat for $65 million. Despite U.S. denials, Israel sees the move as a first step in further armament sales to Egypt and has encouraged pro-Israel Congressmen to oppose it. The lobbying efforts so angered Ford that last week he declared his opposition to an extra $500 million in arms appropriations for Israel...

Author: /time Magazine | Title: MIDDLE EAST: Violent Week: The Politics of Death | 4/12/1976 | See Source »

...military equipment and assistance to replace the Russian aid denied him. In Israel, the idea of Washington arming Egypt has raised angry protests. U.S. Jewish voters, too, are disturbed and uncertain about Secretary of State Henry Kissinger's proposal to sell a package of six C-130 cargo planes to Egypt for $50 million. Supporters of Israel see the C-130s as only the first item on a long list of sophisticated equipment for Egypt...

Author: /time Magazine | Title: MIDDLE EAST: Kneeling to Allah, Not to Leonid | 3/29/1976 | See Source »

Iran recently cut its order for American Spruance-class destroyers from six ships to four. The Shah is also said to be reconsidering his informal decisions to buy the U.S. AW ACS system (a Boeing 707 packed with strategic electronic gear), a new Air Force cargo plane called the YC-15 and 300 F-16 lightweight Air Force fighter planes...

Author: /time Magazine | Title: IRAN: Shah on a Shoestring | 3/1/1976 | See Source »

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