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...profit was by no means confined to the poor boy who made good; it also blessed many a well-to-do heir apparent. Among those whom service helped equip for heavy jobs waiting back home: Armour's President William Wood Prince (artillery captain), Ford's Vice President Benson Ford (Air Corps captain), IBM Boss Thomas Watson Jr. (Air Corps pilot). While an aircraft-carrier deck officer in three Pacific battles, Indiana's J. Irwin Miller, 49, gained the confidence it took to build the family owned Cummins Engine Co., Inc. into the largest U.S. maker of truck...

Author: /time Magazine | Title: National Affairs: WHAT EVER HAPPENED TO THE VETERANS? | 1/5/1959 | See Source »

First U.S. air-to-air missile to be tested in real combat is the Navy's Sidewinder, which was adopted by the Air Force and used to equip Chinese Nationalist Sabre jets flying out of Formosa (TIME, Oct. 6). During one air operation against the Chinese Communists, the Nationalists used Sidewinders to knock down an estimated ten Red jets while coming off unscathed themselves. The Sidewinders given to the Chinese were an early model, but their general design, with improvements, is still...

Author: /time Magazine | Title: Science: The Heat Seeker | 10/13/1958 | See Source »

...sonic boom. Canada had worked long and hard since 1945 to build up its own jet aircraft industry, hoped to hit the big time with its swift CF-105, possibly even sell some to the U.S. Air Force. High costs and the missile age made it impossible. To equip the R.C.A.F. with Arrows would cost something like $2 billion, and the first operational models would not be in service until 1961. A better bet was to spend the money on a setup like the U.S.'s SAGE system: improved DEW-line radar, electronic computers to guide 2,000-m.p.h...

Author: /time Magazine | Title: CANADA: Missiles for the North | 10/6/1958 | See Source »

...intention to return to Harvard. Before the end of his junior year, he had taken a leave of absence to attend the stricken Aga Khan III, then assumed the throne when his grandfather died in July 1957. Now, said he, "I decided I should lose no opportunity to equip myself for the future...

Author: /time Magazine | Title: Education: Student Prince | 9/22/1958 | See Source »

...governors of the World Bank and the International Monetary Fund, Treasury Secretary Robert B. Anderson last week got some travel orders from President Eisenhower. Wrote Ike: "The time has now come for us to consider, together with the other members of these two agencies, how we can better equip them for the tasks of the decade ahead." Anderson's orders: support increases in member-nation contributions to the bank and the fund. In addition, he was ordered to open negotiations toward establishing a third fund subscribed to by bank members and known as the International Development Association...

Author: /time Magazine | Title: WORLD TRADE: New World Fund? | 9/8/1958 | See Source »

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