Word: fleetness
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Dates: during 1950-1959
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WILL 1959 BE MOUNTBATTEN'S YEAR? cried a headline in Lord Beaverbrook's London Sunday Express. Next morning Admiral of the Fleet Louis Francis Albert Victor Nicholas, first Earl Mountbatten of Burma, walked into his office as First Sea Lord, waving the Sunday Express, beamed matter-of-factly: "The Beaver's attacking me again-I must be due for a promotion." Within 48 hours came the announcement: next July, when R.A.F. Marshal Sir William Dickson retires, Lord Mountbatten will become Chief of the Defense Staff, top military man over all Britain's services...
...First Sea Lord, Mountbatten pushed ahead with the "Dreadnought" project to build a fleet of British nuclear submarines. On his new appointment, many Britons would agree with London's Spectator, which last week congratulated the Tory government "on ignoring prejudice, political considerations and pressure from the popular press and [its] own party in appointing the best...
JULY: LEBANON. When Arab nationalism, fanned by United Arab Republic President Nasser, blasted pro-Western Iraq out of the Middle East's dwindling pro-Wrestern line-up in one night's murderous palace revolution, the U.S. sent Sixth Fleet marines and Army paratroops into Lebanon at Lebanon's request to secure it from overthrow by Nasserite rebels. Results: the U.S. 1) stabilized the situation in Lebanon for a few crucial months at least, 2) demonstrated to its allies worldwide that it was able and ready to support them, 3) showed above all that the Russians, when confronted...
...spurt was Northwest's 15% jump in domestic passenger mileage, second highest increase in the industry (after Northeast, which rose 65% on the wings of its new Miami routes). Nyrop did it by selling off eight of the aged, unpressurized DC-3s in Northwest's fleet, bringing in 24 DC-6Bs and DC-7Cs in the past two years...
Financing for Jets. Last week Nyrop firmed up the financing for Northwest's $67 million jet fleet of ten Lockheed Electras, which go into service this year, and five Douglas DC-8s, due to arrive in 1960. Northwest has pinned down $84 million from 15 banks, twelve insurance companies and the sale of 457,873 shares of preferred stock (its common stock rose from a '58 low of 10⅛ to 27⅛ last week). The line will get more than $10 million by trading in its nine double-deck Boeing Stratocruisers to Lockheed and five...