Word: carriers
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Dates: during 2000-2009
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...that is not quite the end of the story. Fidelity at first canceled the park district's insurance, but eventually renewed for much less coverage at a greatly increased premium. "Park districts are a terrible risk for any carrier to have to assume," explains Jacob. Finally, the park district, gun-shy because several suits are still pending against it, began tearing down all jungle gyms and slides over 6½ ft. high and carting them out of the city's 513 playgrounds. "Accidents happen no matter what you do," says Park District Treasurer Jack Matthews. "In the past, when Johnny fell...
...chairman and controlling stockholder has got nothing but trouble. As a strike by 6,000 flight attendants grounded nearly half of TWA's flights last week, the carrier's losses rose higher and higher. TWA had a $123 million deficit in the final quarter of 1985 and is expected to drop almost $200 million more in the first three months of this year. Concludes Robert Joedicke, an airline industry expert for the Shearson/Lehman Bros. investment firm: "Icahn has bitten off more than he can chew." The chairman, though, is maintaining a brave front. Says he: "I was looking...
Head on from the wave tops, it rises like a sleek steel Adonis, shoulders swelling massively from a taut waist. From high above, the jutting contours of its deck map the outlines of a miniature continent. The newest of America's 14 aircraft carriers, the 1,092-ft-long Carl Vinson, is the most powerful and expensive conventional weapon of war ever built. It is a symbol of the Reagan Administration's new globalism, in which the 19th century notion of gunboat diplomacy has been transformed into one of aircraft-carrier diplomacy. It is the pre-eminent weapon...
...Aircraft carriers have been controversial ever since the U.S. Navy commissioned its first flattop, jury-rigging a converted collier by sticking a long black strip of tarmac over its deck in 1922. Battleship captains back then mocked the ungainly craft as a "covered wagon." More than half a century later, long after the carrier became the capital ship of the U.S. Navy, the doubters and true believers are still trading salvos in an engagement that has only heated up since ships of the Sixth Fleet sailed into harm's way in the Gulf of Sidra...
...aircraft carrier is Ronald Reagan's big stick. In an "era of violent peace," as Chief of Naval Operations Admiral James Watkins has dubbed this time of terrorism and global tension, American carriers can cruise the globe as island fortresses in troubled seas. Aimed at a Third World despot like Muammar Gaddafi, they can add an explosive exclamation point to presidential rhetoric. To John Lehman, Reagan's aggressive Navy Secretary, the carriers have an even more important strategic role. He believes they can safeguard vital sea-lanes during peacetime and could press close to Soviet shores in the early hours...