Word: ocean
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Dates: during 1940-1949
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...spite of this, the A.F.C. has hung up a proud record of deliveries. It has delivered many hundreds of bombers (the exact number is a tightly held secret) to Britain, has lost about a half-dozen ships on ocean flights. Of these only three were bombers in delivery. The others were shuttle planes, used to carry pilots and crews back to Newfoundland...
...lifeline's breadth, the best-known U.S. shipping company last week was pulled out of a bad financial mess. In its 39-year history, International Mercantile Marine Co. has carried more passengers than any other U.S. line, operated crack ocean greyhounds like the Leviathan, Washington, Manhattan, America. But last week, with a $11,469,000 bond issue due Oct. 1, I.M.M. did not have nearly enough cash to meet it. Suddenly RFC jumped in, lent I.M.M. enough to pay off the entire issue...
Three yips and a yipe! Yes, sir, the season's open! Amid loud cheers and yells, Harvard's Polar Bear Club broke the ice late Sunday evening at its first official outing of the year--a swim in the ocean at Revere Beach...
...President who as early as 1937 left no doubt of his opposition to totalitarian aggression. The General believed it was drawing the country into a European war on the side of Britain. He was sure that Hitler could not invade the U.S. across 3,000 miles of ocean. He believed that England could defend herself, and could, if she would, make a negotiated peace with Germany by which she could keep her fleet and colonies and leave to Germany economic control of the Continent. He was confident that the U.S. could hold its own in world trade afterwards...
Meanwhile ocean freight rates have soared, further boosting revenue per sea mile. Rates on six basic commodities (see chart) are 50% above last year, 110% above 1939. Charter rates on deep-sea routes now average $7 to $8.25 a ton a month v. $1 to $1.75 before the war. Hence many a coastwise shipowner has chartered (or sold) most of his vessels, practically retired to a life of Scotch and bridge at the Propeller Club...