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...initial strikes had a limited, surgical purpose, in keeping with the declared British strategy of using minimum force and maximum diplomatic and economic pressure to make Argentina relinquish the Falklands. But this principle of military restraint became one of the first casualties of the South Atlantic war. As the British fleet went to work in the Falklands, elements of the Argentine navy were also preparing for action. Some 36 miles outside the British total-exclusion zone, the 13,645-ton Argentine cruiser General Belgrano and two escorts had suddenly turned, according to the British, toward their task force...

Author: /time Magazine | Title: The Falklands: Two Hollow Victories at Sea | 5/17/1982 | See Source »

...Harrier, a vertical/short-takeoff and -landing (V/STOL) attack plane, is winning high praise for its maneuverability. The plane can stop dead in midair, turn on a dime and leap straight upward to dodge an oncoming enemy missile. The Harrier's limited striking range (288 miles) and maximum speed (736 m.p.h.), however, make it unsuitable for extended fleet protection and vulnerable to missiles. Perhaps greater attention is being given to a new generation of missiles and bombs. Both sides have their fair share of them-often, ironically, bought from the same source...

Author: /time Magazine | Title: The Falklands: Battle of the Microchips | 5/17/1982 | See Source »

...radio energy, which, when reflected, provides a guiding point for the missile's homing computer. The Sea Skua streaks to its destination at over 550 m.p.h. and as little as 6 ft. above the surface. It is designed to penetrate the target before exploding, in order to create maximum damage...

Author: /time Magazine | Title: The Falklands: Battle of the Microchips | 5/17/1982 | See Source »

...achieving air superiority, either tactical or absolute, over the Argentines in the Falklands. The Hermes and Invincible are equipped with only 20 Sea Harrier vertical short-takeoff and landing jet aircraft. The Harriers are highly maneuverable but also are relatively slow (top speed 736 m.p.h.) and have a maximum range of only 460 miles-or about 100 miles for a 1 1/2-hr. blockade patrol. The Royal Navy's version of the Harrier is not well suited to supporting ground troops; for that, the British need a longerrange, Royal Air Force version of the aircraft, the Harrier GR.Mk3. A British...

Author: /time Magazine | Title: Now, Alas, the Guns of May | 5/10/1982 | See Source »

...both the way people save and the way the Federal Reserve does its job have undergone radical changes that help explain what is happening to interest rates. A decade ago, the typical American saver was content to earn 4½% or less in a passbook account, which was the maximum allowed by law. In the 1970s, double-digit inflation arrived, and the passbook account became a bad deal. Money quickly lost its purchasing power when it was saved at 4½% interest while prices rose at a 10% clip...

Author: /time Magazine | Title: Those | 5/3/1982 | See Source »

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