Word: fleetly
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Dates: during 1980-1989
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Rising oil prices meant high times for Blocker Energy Corp., a leading contract drilling firm. The Houston-based company assembled a worldwide fleet of rigs and kept them perpetually and profitably busy in the hunt for oil. But falling prices have choked that search and nearly throttled Blocker, which lost $71.7 million in 1982. "Our immediate priority," says Chairman J.R. Blocker, "is to survive...
General Galtieri's deservedly abyssmal reputation and the clearly aggressive nature of the Argentine action made the casting of the villain in the Falklands war a fairly easy task for the casual Western observer; the sight of the British fleet steaming away from Portsmouth Harbor to the defense of this last vestige of the Empire made choosing the hero similarly uncomplicated. Behind this simplistic facade, however, lay a hundred years of British foot-dragging and neglect, and a tangled web of alliances and implications that involved North America as well as Europe and which will continue to reverberate through...
...lavish settlement will weaken the carrier's already fragile finances. In the past three years, Eastern, which hauls more passengers than any other U.S. airline, has lost $158 million and run up a long-term debt of $1.9 billion in an aggressive program to expand and modernize its fleet. Voicing "grave concern" at the cost of the pact, Chairman Frank Borman fretted: "Ordinarily, an event of this nature is cause for satisfaction and relief on the part of both parties. Unfortunately, such is not the case in this agreement...
...people crowd around carnival-type booths, where some 20 different manufacturers are handing out literature and free samples. Overhead, airplanes trail banners that read HAVE YOU DRIVEN A FORD LATELY? and WELCOME TO MILLER TIME. Below, a catamaran emblazoned with the Schlitz brand name cruises by, followed by a fleet of sailboards that extol SALEM SPIRIT. At one of the 380 or so hotels that line the 23 miles of beach, John Bradley, 22, a recent Cornell graduate, is conducting poolside tug-of-war and trivia contests sponsored by Camel cigarettes while half a dozen pretty assistants distribute T shirts...
...25¢-per-gal. increase in the federal gasoline tax. Most proponents of the idea see it as a way to discourage consumption, but lacocca knows it would help Chrysler sell its new cars, which have been designed to go farther on less gas than their U.S. competitors. Chrysler's fleet averages 27.5 m.p.g., vs. 24.3 for Ford and 24.1 for GM. If falling oil prices spur a demand for old-fashioned big cars, Chrysler will hurt the worst. Says lacocca: "What's happening with gasoline is wacko. It's crazy. We needed to slap at least a quarter...