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These savings are Pentagon nickels and dimes compared with the sums involved in one of the key decisions immediately facing Carter: whether or not to build the supersonic B-l bomber, at a projected cost of $22.9 billion for a fleet of 244. Ford has ordered production to start on the first three, but Carter can scrap that plan any time in the first half of 1977. During the campaign he opposed production of the B-l "at this time" but wanted R. and D. to continue while he rethought the future need for manned bombers. His decision will shape...

Author: /time Magazine | Title: Man of the Year: I'm Jimmy Carter, and... | 1/3/1977 | See Source »

...question of legislation to deal with the Arab boycott of U.S. firms doing business with Israel. She must manage $2 billion in current public works spending, an amount that could grow with new economic stimulus. Finally, Kreps must look after the heavily subsidized but still sickly U.S. maritime fleet...

Author: /time Magazine | Title: The Nation: Her Own Woman | 1/3/1977 | See Source »

When the American fleet arrived at the end of the war, Blumenthal hired a sampan and sailed out to greet the ships. He received a U.S. visa in 1947 and settled in San Francisco. He recalls: "I had no commitments, no obligations, no money−nothing but opportunity." He made the most of it. To put himself through the University of California at Berkeley, he worked as a janitor, a movie ticket taker, a stagehand, a casino shill. After graduation, he enrolled in the Woodrow Wilson School of Public and International Affairs at Princeton. Within five years, he earned three...

Author: /time Magazine | Title: The Team Takes Shape | 12/27/1976 | See Source »

...death of Carlo Gambino last fall, he has been struggling with another mobster, Aniello Dellacroce, for control of the New York underworld (TIME, Nov. 1). The plane's loss can hardly help Galente's leadership bid. Meanwhile, the feds can add a big new airplane to their fleet, which now totals 68; all but eleven were seized from high-flying smugglers...

Author: /time Magazine | Title: CRIME: Pity Those Who Take Pot Luck | 12/27/1976 | See Source »

...explosions of tens of thousands of Soviet rockets and artillery shells. Then thousands of Soviet tanks, with dozens of motorized rifle divisions behind them, crash across the frontier into West Germany. Far to the south, Warsaw Pact forces blast into Turkey and through Yugoslavia toward Italy, while the Soviet Fleet moves in the Mediterranean and North Atlantic to neutralize NATO's warships...

Author: /time Magazine | Title: NATO: Still Strong Enough to Block a Blitz? | 12/13/1976 | See Source »

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