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...minute later, meters at the mammoth $737 million Robert Moses Niagara Power Plant?biggest in the hemisphere?also went wild. The power output surged from 1,500 megavolts to 2,250, then sank abruptly to zero. "The needle came clear off the paper!" exclaimed one engineer. "There were more squiggly lines than in an earthquake." Giant generators spun uncontrollably out of step, and overload switches sprang open...

Author: /time Magazine | Title: The Northeast: The Disaster That Wasn't | 11/19/1965 | See Source »

...caused by the test of a super-secret Pentagon weapon called "Fireball," whose object was to draw all available power from New York, divide it into two beams and shoot it into space. "The point at which the two incredibly powerful beams crossed," the paper explained, "would become a mammoth burst of artificial lightning and would presumably destroy any enemy missiles within range...

Author: /time Magazine | Title: The Northeast: The Disaster That Wasn't | 11/19/1965 | See Source »

...Time to Shave. That twist was enough to do it. The same day Alcoa President John D. Harper hurried from Pittsburgh to McNamara's mammoth third-floor office in the Pentagon's guarded E ring, began negotiating for a truce. Harper was back in the Pentagon the next day, too, and he and McNamara also spoke several times by telephone. At 8:35 p.m. on Wednesday, Harper phoned McNamara from Pittsburgh to surrender: Alcoa would cancel its price boosts. Lest the company change its mind overnight, McNamara called in newsmen for a 9:45 conference, acting so quickly...

Author: /time Magazine | Title: Prices: Aluminum Foiled | 11/19/1965 | See Source »

Continental's find is the third such discovery in as many months in the British sector of the North Sea. Since 1959, when Esso and Shell discovered the mammoth Groningen gas field on the Dutch coastal plain, fuel-needy Europeans-and an international array of ambitious oilmen-have suspected that the world's biggest bubble of natural gas may lie beneath the North Sea. Except for one inconclusive well drilled off The Netherlands last year, that dream was long based on geological speculation and nurtured largely by faith...

Author: /time Magazine | Title: Britain: Down to the Sea in Rigs | 11/19/1965 | See Source »

Just in time for the crash. In 1929 he lost some $15 million in the market, but for the rest of his life did very nicely as a "policy consultant" to a number of mammoth institutions (among them: Old Friend Bernard Baruch...

Author: /time Magazine | Title: Books: A Natural Force | 11/19/1965 | See Source »

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