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...almost $1 billion to his budget so the Army could buy 1,289 over the next two years. (Estimated cost of the best Soviet tanks, the T-64 and T72: $700,000 each.) The M1's advanced turbine engine gulps fuel at the staggering rate of 3 gal. per mile. Its armor (60.3 tons) makes it so bulky that it cannot be carried aboard any cargo plane except the Galaxy, the biggest thing on wings. Even a Galaxy can haul only one Abrams. Result: the M-l can be used only in areas to which it can be sent leisurely...

Author: /time Magazine | Title: Arming for the '80s | 7/27/1981 | See Source »

...million. They cost only $2.5 million to produce. Explosives to go with the timers were illegally supplied by J.S. Brower & Associates of Pomona, Calif, another CIA contractor. Some 40,000 Ibs. of the high explosive RDX-the largest nonmilitary shipment on record-were flown to Libya in 55-gal. drums marked "industrial solvent." This was a risky enterprise since the drums could have exploded in flight in turbulent weather...

Author: /time Magazine | Title: Trafficking in Terror for Libya | 6/29/1981 | See Source »

...cause has ceased-in this case the war. Fourth, the Government has rejected the claim of thousands of Viet Nam veterans that a wide range of symptoms, many of which developed since the G.I.s returned, can be blamed on exposure to a deadly defoliant called Agent Orange, 12 million gal. of which were used by U.S. forces in Viet...

Author: /time Magazine | Title: Still Living with the War | 6/8/1981 | See Source »

...main course of meat, fish or chicken, a salad, dessert, rich espresso coffee and a good bottle of Chianti, can easily be found for less than $26 per person. A meal in a more modest restaurant can go for as little as $8. Gasoline is high-$3.25 per gal.-but that is offset by fares on Italian trains: $14 for a first-class one-way ticket between Rome and Naples...

Author: /time Magazine | Title: Living: In Europe, the Dollar Talks | 5/25/1981 | See Source »

...American corporations in profits last year, has been dramatic. Refineries are now operating at a record low 66.3% of capacity. According to Daniel Lundberg, the Los Angeles-based consultant who tracks U.S. gasoline prices, the wholesale cost of gas has dropped by an average of nearly .8? per gal. in the past two weeks. As a sign of a softening market, Atlantic Richfield and Texaco are now offering selected dealers a 4?-per-gal. discount on wholesale prices...

Author: /time Magazine | Title: Big Oil's Surprising Problems | 4/27/1981 | See Source »

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