Word: fleets
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Dates: during 1960-1969
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Testifying before the Navy court of inquiry in Coronado, Calif., last week, Rear Admiral George L. Cassell, former assistant chief of staff for Pacific Fleet Operations, said that the Navy launched its rescue mission immediately after the capture. Two U.S. Navy destroyers, U.S.S. Truxton and U.S.S. Higbee, were ordered to sail to Wonsan. Under heavy air cover and backed up by a U.S. ultimatum to the North Koreans, Higbee was to dash into Wonsan harbor and escort Pueblo to safety. However, noted Cassell, the plan was vetoed by "higher authority...
...bland, beefy hero of World War II who is now waiting out retirement, Johnson testified that while he had responsibility for Pueblo, he had no ships or planes under his command to send to her rescue. Contingency plans were developed calling for the Seventh Fleet and Fifth Air Force to provide help should it be needed...
Keep 'Em Flying. Most important, MEA had shrewdly insured its fleet with war-risk policies that covered the full "book value" of the aircraft. Since the line valued the planes rather generously on its books, it figures to get $17.9 million from Lloyd's of London and other insurers - more than enough to replace the lost fleet. The true mar ket value of each of its three six-year-old Comet jets, for example, is about $400,000, but MEA listed each at $1,500,000 and paid appropriate premiums. MEA will also collect...
...high insurance coverage did not result from Israeli-Arab tensions, but from the brief Indo-Pakistani war in 1965. "At that time," says Sheikh Najib Alamuddin, MEA's president, "our aircraft served both Karachi and Bombay, and we decided to cover our fleet with complete war-risk insurance. Thank goodness we've continued to maintain those policies...
...West Africa. Some 2,000 miles of road, paved or not, are open, three railway spurs lead to rich inland iron-ore mines, and low shipping-registration fees (which netted the government $3,000,000 last year) give Liberia, in name anyway, the world's biggest merchant fleet. Although only 5% of the population is literate, some 1,600 youngsters have been or are being educated abroad, and Tubman says ruefully: "I'm committing political suicide. These boys will come back experts, and I know nothing but the Bible...