Word: fleetly
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Dates: during 1950-1959
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...Career Ambassador rank, equivalent to Navy Fleet Admiral, General of the Army or Air Force, was signed into law in August 1955. The five-star ambassadors: Robert D. Murphy; Loy Wesley Henderson, 66, Deputy Under Secretary of State (Administration), since retired from the Foreign Service but serving on by presidential appointment; H. Freeman ("Doc") Matthews, 59, onetime Deputy Under Secretary of State (1950-53), now Ambassador to Austria; James Clement Dunn, 67, onetime Ambassador to Italy, France, Brazil, since retired...
...unfettered fancy of Jules Verne never conjured up such a monstrous metallic whale. Verne's fictional Naiitilus, 232 ft. long, could have nestled snugly in the belly of Triton, the eighth nuclear-powered submarine to join the U.S. fleet, scheduled for launching this week in the Thames River at Groton, Conn...
...glad-to-be-gone U.S. marines left their fly-ridden bivouac in the dusty hills above Beirut and marched down to the beach for evacuation. There were hints that another marine battalion would shortly be withdrawn from Lebanon to the "floating reserve" of the Sixth Fleet...
...climbed even that high is remarkable, because World War II wiped out the German merchant marine. Ninety-seven percent of Germany's total tonnage was sunk or captured, the rest confiscated. Scraping together what slim funds were available, German shipbuilders started in 1949 to rebuild their fleet. To help them along, the government decreed that money invested in merchant ships could be deducted from income tax. By 1957, Germany's merchant tonnage had soared from next to nothing to 4,300,000 tons...
...August Oetker, who started from scratch and now surpasses both Hamburg-American and its fellow giant, North German Lloyd. Taking advantage of the government tax law (which was repealed 3^ years ago), Oetker invested his big baking-powder profits in shipping. Oetker today controls the largest single German merchant fleet in terms of tonnage, consisting of 40 modern freighters and tankers totaling 375,000 tons...