Word: missions
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Dates: during 1960-1969
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Shortly after liftoff, Apollc 8 will go into a "parking" orbit 115 miles above the earth. If mission controllers are satisfied that all the ship's systems are working properly, the final stage of the Saturn booster will be reignited during the second or third orbit. The resulting thrust will increase Apollo's speed to 24,000 m.p.h.-enough to free it from the earth's environment and send it on a curving trajectory toward the moon...
That danger is a long shot indeed. Apollo's engine has been checked countless times in flight and on the ground. At the slightest hint of trouble, the mission could be safely aborted at any of a dozen points along the way. Even as Apollo nears the moon, the astronauts will still be able to make a "nogo" decision. Should the spacecraft fail to be slowed down as planned, it can simply make a high-speed loop of the moon and head back toward earth...
When the securities actually change hands next month, Lytton S&L plans to merge with two smaller Southern California savings-and-loan associations, Equitable of Long Branch (assets: $318 million) and Mission of Santa Ana (assets: $39 million). The mammoth merger was approved by the Federal Home Loan Bank Board two weeks ago, but financial men are more fascinated by the audacity of the move than by its size. Says one competitor: "Wellman is converting three alley cats into a pedigreed lion...
Tempting Bait. Equitable, also headed by Wellman, and Mission need more capital, but neither is large enough to raise it easily. Thus they can use the aid of the Lytton holding company, which, thanks to its listing on the New York Stock Exchange, has readier access to Wall Street money. Even so, Wellman had to offer investors some tempting bait. They will pay substantially less than the current market price for the Lytton stock, which closed last week at $11.50 a share...
Endeavor's mission was part strategy, part science: to observe the astronomical transit of the planet Venus from Tahiti; to map coasts and islands; to collect and classify strange flora and fauna; to search for a naval base for the coming war with the American colonies, Spain and France. Manned and equipped for all this, the little ship resembled the Swiss Family Robinson afloat. It was stuffed to the gunwales with pigs and goats (for eating), cats and parrots (to break the monotony), even a hunting greyhound named Lady who was used to chase down rare specimens of game...