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...notables as Supreme Court Justices Byron White and Potter Stewart and Poverty Potentate Sargent Shriver, Locke was a Navy gunnery officer during World War II; his ship landed a Marine force in the Solomons led by Lieut. Colonel Victor ("Brute") Krulak-now Marine commander i.i the Pacific. During his nine-month stint in Rawalpindi, Locke skillfully reassured President Mohammed Ayub Khan of continued American interest after the IndianPakistani border...

Author: /time Magazine | Title: Nation: QUARTET AT THE TOP | 3/24/1967 | See Source »

Despite the vote, the FCC was as irked about the interruption as were ITT and ABC. The Justice Department, the FCC pointed out in its stay order, had been invited to enter the nine-month proceeding at its outset but responded for the first time only seven weeks before the merger was approved. Indeed, said the commission testily, Justice had actually violated the Federal Communications Act by not replying sooner. "If the petition before us had been filed by a private party," said the FCC majority, "it would be denied...

Author: /time Magazine | Title: Mergers: Objector at the Wedding | 2/10/1967 | See Source »

Cursed by unrelieved warmth and sun, and by new production from south ern-Florida groves, the current crop will surpass last season's 100 million boxes (100 lbs. each) by 42 million. When the nine-month harvest ends in June, nearly 10 million boxes may be left to rot unsold. Oranges "on the tree" cost 75? a box to grow and last year brought a handsome $1.25. They are now going at a distress price of 35? a box, leaving growers with the prospect of a $50 million loss on the crop...

Author: /time Magazine | Title: Agriculture: Orange Crush | 1/27/1967 | See Source »

...Douglas, with McDonnell's backing, should now be able to get loans of about $400 million that bankers were loath to make because of Douglas' shaky financial position. Badgered by delays in parts deliveries and shortages of skilled workers, Douglas in its last financial statement reported nine-month losses of $17 million on sales of $756 million. For 1966 overall, Douglas will probably be $40 million...

Author: /time Magazine | Title: Aviation: Mr. Mac & Messrs. Douglas | 1/20/1967 | See Source »

...this time, some observers feel, might be the best thing that could happen to Douglas. Ironically, nothing has failed the company so much as success. Swamped with a $3 billion backlog of orders, Douglas has burned up its financial resources attempting to accelerate production. In September, the company reported nine-month losses of $16.4 million. And despite a record November output of twelve commercial jet transports worth $38 million, Douglas is four months behind in its delivery dates, slipping further because of continuing shortages of skilled aircraft workers and a lag in deliveries of jet engines and other items from...

Author: /time Magazine | Title: Management: Mr. Mac Tries Again | 12/16/1966 | See Source »

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