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...business and compete with Boeing and McDonnell-Douglas in the manufacture and sale of commercial airliners. Lockheed had thus developed the L-1011 Tristan wide-bodied jumbo jet, but the program had misfired. Bankrolled by major U.S. banks to the tune of $650 million, the Tristar program threatened to drag the company into bankruptcy. By 1971, only a $250 million U.S. government guarantee of private bank loans enabled the company to survive. Lockheed's own projections showed that the company had to sell 300 of the jumbo jetliners in order for the program to break even. By 1972, however...

Author: By Frank Church, | Title: Lockheed: Corporation or Political Actor? | 10/26/1976 | See Source »

...four air-to-air missiles slung under the wings vibrated dangerously. U.S. technicians have discovered that Soviet technology is surprisingly old-fashioned in many ways: the MIG-25's wrinkled wings were welded by hand rather than by machine, and rivets were not ground flush to reduce drag. Beyond that, the plane is so heavy (64,200 lbs.) that Soviet designers apparently had to eliminate a pilot-ejection apparatus. Despite these shortcomings, one expert admitted to TIME Correspondent Joseph Kane last week that the MIG-25 is a "fantastic" airplane. Its engines burn with less soot than American planes...

Author: /time Magazine | Title: INTELLIGENCE: Big-Mouth Belenko | 10/11/1976 | See Source »

...drag out a list would be silly. One of the things that happened during those years when the Yankees incurred so much venom was that a Yankee pitcher threw a perfect game in a World Series; another was that a Yankee outfielder hit 61 home runs in a season; another hit 18 home runs and 42 runs batted in in World Series games alone...

Author: By Peter Kaplan, | Title: Back in the Ballpark | 10/8/1976 | See Source »

...perverse and, although meant to arouse sympathy, pretty unsympathetic. The children, at least, might provide Roberts with a vocation and some joy--even Finney has grown to appreciate them, and remarks perfectly "I'm happier with them because I'm happier without them." Yet she declares herself ready to drag them along with her in her one last mocktragic threat to hound Finney's conscience...

Author: By Mark T. Whitaker, | Title: For Beta or for Worse | 10/5/1976 | See Source »

This year the Premiere Society is trying to do it again with Summer Work, an original play by Mark O'Donnell, who has written the last three Hasty Pudding Shows. (A note The Pudding Show, performed for several weeks each spring in drag, is recommended only for the very rich--tickets are around $6.50--or very preppy, or both.) Summer Work, to be presented at Dunster House, is supposed to be O'Donnell's stab at serious writing, but it will probably be very funny anyway...

Author: By Julia M. Klein, | Title: Stage | 9/30/1976 | See Source »

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