Word: corp
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Dates: during 1970-1979
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Carey describes the government that he took over as Nelson Rockefeller's "megastate," an expansive creature that could be fed only by an ever-expanding economy. Largely because of hard times, the New York State Urban Development Corp., an agency created at Rockefeller's urging, ran out of cash just as Carey took office. To save the state's credit-and housing developments already abuilding -Carey had to persuade the legislature to bail out U.D.C. temporarily while he bargained with reluctant bankers to get new underwriting. He also staved off financial disaster in the New York City...
...Navy pilot during World War I, Stearman teamed up with two other air-struck Kansans, Walter Beech and Clyde Cessna, to build a generation of simple biplanes that became the Model Ts of the barnstorming 1920s. Though he founded his own aircraft firm and briefly ran Lockheed Aircraft Corp., his heart belonged to the drawing board; there he conceived such notable planes as the PT-17, the agile, open-cockpit trainer, known to thousands of World War II pilots as "the Yellow Peril," and continued to work on plans for modern swing-wing jets and space re-entry vehicles until...
...ensued for what was quickly dubbed the "arms contract of the century." Last week the Defense Ministers of Belgium, Denmark, The Netherlands and Norway announced jointly that the best and least expensive contender for the prize was the $6 million American-built F16, designed and manufactured by General Dynamics Corp., the largest defense contractor in the U.S. Final approval by the four governments, expected by mid-May, will mean about $2.1 billion in sales for the St. Louis-based company...
Gavin himself, now chairman of Arthur D. Little Corp., a Cambridge think tank, argues that Thieu's plan of retreat actually bears little resemblance to his own original enclave theory, which was designed as a first tactical step toward extricating U.S. forces from Viet Nam. Gavin is pessimistic about the chances for success of the South Vietnamese strategy. "The difficulties of trying to keep control are so obviously beyond Thieu," he told TIME last week, "and the penetration of Saigon by the North is so great that what I get is a very gloomy picture of Saigon...
...early 1974, Colby knew what Hersh knew and privately cautioned the Times not to pursue the story. In September 1974, Lloyd Shearer of Parade magazine learned from a crewman on the Glomar Explorer, the Howard Hughes ship, about the quest and tried to confirm it through Hughes' Summa Corp., without success. Alerted by Summa, Colby some months later reached Shearer, confirmed the basic facts and persuaded him to keep mum, arguing that recovery of the sub might yield some "ultrasecret" Soviet coding equipment...