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Movable Assets. Pao's surge adds greatly to the biggest shipbuilding boom since World War II. While others find it hard to get keel space in shipyards at any price, Pao continues to stagger his competitors with orders on a scale that few can match. Because he pays top dollar, places orders in such great quantity and has cultivated close ties with owners of Japanese shipyards, he usually manages to obtain space. Last week he announced his latest deal-six supertankers totaling 1.5 million tons to be built by a consortium of five Japanese shipyards. The price: $180 million...

Author: /time Magazine | Title: SHIPPING: Y.K. Who? | 7/5/1971 | See Source »

Head Over Keels. The boots, developed with the approval of the Royal Navy, consist of a pair of 30-lb., 4-ft.-long wood and polystyrene boxes, each hollowed and fitted with water-ski foot grips. Each box has a 3-in. keel and is painted dark red, with WALK NAVY lettered in white on the side...

Author: /time Magazine | Title: Modern Living: The Jesus Boots | 5/31/1971 | See Source »

...education. So many of the old-timers have retired or gone to pasture at some desk job that the patrol force is lopsidedly young and inexperienced. Inexperience may not be a virtue (or it may be, for that matter), but it puts you on an even keel with your fellow officers only a few months after you arrive in the precinct. Today you can get a good sampling of the job in a year or two, where a decade ago it took years just to be lifted from exclusive foot patrol and placed in a car. The patrolman...

Author: By James Lardner, | Title: Up Against the Wall Erratic Glamour in a Cops and Robbers World | 3/26/1971 | See Source »

...electronic gear ever carried on a sailboat, including a tape device that plots the boat's course as well as a small computer that tells Skipper Bill Ficker his true speed toward the mark (as opposed to speed through the water). Below the waterline, Chance installed a smaller keel and restyled the stern with a V-shaped bustle. Result: a remarkable 18% increase in Intrepid 's theoretical speed...

Author: /time Magazine | Title: Sport: Leave It to Chance | 9/21/1970 | See Source »

Consistent Superiority. The changes that Chance made on Intrepid-shorter keel, rounder bow, fuller afterbody -have obviously made the white-hulled sloop swifter than ever. What is astonishing is that she may actually be a faster boat than Stephens' brand-new Valiant. Her first two races around the triangular 24.3-mile course set the pattern for the trials. With Picker at the helm, Intrepid handily defeated the trial horse Weatherly by 3 min. 55 sec., and then trounced Heritage by the embarrassing margin...

Author: /time Magazine | Title: Sport: Intrepid Indeed | 8/3/1970 | See Source »

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