Word: fleetly
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Dates: during 1970-1979
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...maritime power? Most people would say the U.S., because it still has the mightiest navy. But the correct answer, when all types of ships are counted, is the Soviet Union. After three decades of feverish shipbuilding, the Russians have the second biggest navy, the No. 1 fishing fleet and-here is the clincher-a rapidly growing merchant marine that has already opened a new era of commercial competition on the high seas.* Soviet shippers are plying routes to every major port, from San Francisco to Dar es Salaam, Hamburg to Mombasa. It is almost as if the Russians were following...
...Operating Costs. Certainly, the Soviet merchant fleet is acting in the old capitalist tradition of clearing out the competition by price-cutting. The targets are tariffs set in "conferences"-international shipping agreements -that cover nearly all commodities on the world's trade routes. A conference member, for example, must charge $52.75 per ton for carrying kraft wrapping paper from the U.S.'s West Coast to the Far East. The Soviet price: $38. Russian ships will haul coffee or sisal from Kenya to Europe for half of the conference rate, machine tools from West Germany to Canada...
...Annapolis and Amherst contingents battled it out for the runner-up honors, with the yellow and blue garbed Naval fleet eventually outlasting the Berkshire boatsters, but both crews finished nearly three lengths behind Harvard's wake. The Crimson's winning time was just two-tenths of a second under the six-minute mark...
...salaries of certain city employees, including craft workers, at rates comparable to pay for similar jobs in other California cities-not, as in the past, to wages paid in private industry. To add to San Francisco's misery, drivers for Yellow Cab, the city's largest fleet, were also on strike for a while. By week's end, however, their walkout was settled, slightly easing the transportation scarcity...
...planes, tinkered with design improvements and harassed TWA's presidents with interminable post-midnight calls. On transcontinental flights, four to six seats were always blocked off for him even though he almost never used them. After Hughes' failure to raise the money for TWA's jet fleet, he lost control of the airline, and the new management hit him with an antitrust suit. Hughes won it in the U.S. Supreme Court. By that time, however, he had sold his huge bloc of TWA at a moment when the market was very high. He got $546 million...