Word: fleetness
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Dates: during 1970-1979
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Such was the military-industrial reaction last week to Jimmy Carter's stunning and almost wholly unexpected decision to kill the Air Force's request for 244 swing-wing B-1 bombers. The B-1s were to have replaced the aging U.S. fleet of 330 B-52s-a few of which are older than some of the men who fly aboard them. In contrast, there was jubilation among liberals like New York Representative Jonathan Bingham and Wisconsin Senator William Proxmire. who have long argued that the B-1 is an outlandishly expensive dinosaur. Iowa Democrat John Culver...
...personal fortune increased meteorically. In 1969, he was so broke that he hocked his mother's jade hairpins to help pay off debts amounting to more than $1 million. By 1975, however, his assets in Washington included a $750,000 office building, two houses worth $1.2 million, a fleet of at least two limousines and sports cars, an expensively stocked wine cellar and about 300 well-tailored suits. He had also squirreled away an undetermined amount of money in numbered accounts at several foreign banks...
Lummis was especially fearful that Summa could not meet the first installment-an estimated $28 million-on Hughes' estate tax, which falls due next January. He suggested a number of possible economies (like disposing of Hughes' 13-plane fleet of unused executive jets) and the sell-off of several divisions (prime candidate: a helicopter company). Lummis also hired Merrill Lynch to evaluate the market worth of the company; it came up with the shockingly low figure of $168 million. Critics charge that some assets were understated. Hughes' Silver Slipper casino, for which he paid $4.5 million...
Carter stressed his continued support of the "triad" defense system. The president said he believes the current fleet ofB-52's is capable of providing the air-attack portion of America's nuclear strike force for at least the next decade...
...Line trains that will shoot you down under Mass Ave are the top of Boston's subway fleet. The Red Line has the plushy-cushioned seats, and it has the milk run through the city from the local (elitist) seat of higher learning to the local pseudo-quaint suburban town of Quincy Center. The Red Line is good for long, dark rushes under the streets, but is also boring. Its best feature is on board--the spectrum of people riding between the Square and Boston. But beyond Washington station the passengers get boringly respectable and well-dressed...