Word: fiascoes
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Just a year before, in the midst of his annual reception for the members of the Congress, Kennedy had learned that the U.S.-backed Cuba invasion had turned into a fiasco. Last week, on the date of Blough's White House visit, Kennedy was scheduled to greet the Congressmen again. Said he, with grim humor: "I'll never have another congressional reception...
...contrast, the Edsel fiasco cost Ford Motor Co. about $200 million.) With the 1961 write-offs, the great bulk of G.D.'s jet transport losses had presumably been accounted for, and some Wall Streeters were predicting that the company might earn as much as $3.75 a share this year. But under the terms of a $135 million Prudential loan, which requires General Dynamics to make up past losses before it pays out any more cash dividends, shareholders can expect dividends only after future earnings "exceed
...were the three leading liberals in Texas: Henry B. Gonzalez and Maury Maverick, both of San Antonio, and Jim Wright of Fort Worth. Had two of the three declined to run, the other would have easily defeated both Blakeley and Tower. And the lesson was obvious. Since the Senate fiasco, the liberal foces have reunited; they plan closer co-operation and organization, and expect centralization to be the order for future state-wide contests. Exactly how effective this new attitude will be still remains to be tested, but certainly the effort is being made...
...better understood in Japan today than it was a year ago, its image in India has slightly clouded over. The change is due partly to the U.S. fiasco in Cuba, but more importantly to U.S. criticism of Indian actions: India's bull-headed demand for another unworkable nuclear test ban last October, the unsavory adventure...
...Convair backed out of the commercial jet business with the 880 fiasco, it might have held its losses to perhaps $100 million. Instead, in an attempt to recoup its 880 losses, Convair decided to build a long-range jet, the 990, which, by using the then new fanjet engine, would fly faster (635 m.p.h.) than any comparable commercial jet. To save lead time, Convair skipped making a prototype, with the result that when the first 990s came off the production line, they could not fly at the guaranteed speed-and General Dynamics was forced to cut the sale price...