Word: piper
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...expertise and the sober assessment of risk. When film star Betty Grable sought to insure her famous legs, Lloyd's came up with a policy and calculated the appropriate premium. But disasters have a way of defying the laws of probability. Recent years have witnessed an extraordinary string: the Piper Alpha oil-rig blowout in the North Sea, the explosion of Pan Am Flight 103 over Scotland, the Exxon Valdez oil spill and America's Hurricane Hugo. Last week Lloyd's announced that it would post a $980 million deficit for 1988 -- the most recent year on which books...
...hangar under bright spotlights, the YF-22 Lightning looks just like what it is: a low-slung, sharply angled killing machine. In the air, the advanced jet fighter is not only fast (sprinting up to twice the speed of sound) and agile (pitching and rolling like a Piper Cub) but almost invisible to enemy radar. If the Air Force has its way, the plane will rule the skies for the better part of the 21st century...
...record to give pilots and passengers pause: seven Piper Malibu Mirage aircraft have broken apart in midair in the past 22 months. The manufacturer, Piper Aircraft of Vero Beach, Fla., insists that the six-seat, single-engine plane is entirely airworthy. The Federal Aviation Administration has suspicions to the contrary and last week issued a directive grounding the 518 remaining Malibus in foul weather and limiting the ways the planes can be flown...
...Jean and Firestone (near Santa Barbara) -- all premium labels -- are owned in whole or part by Japanese interests. Beaulieu, Inglenook and Christian Bros. in Napa County are subsidiaries of the British conglomerate Grand Metropolitan. Most of the major French champagne producers, including Moet & Chandon, Mumm, Louis Roederer and Piper Heidsieck, have subsidiaries turning out California sparklers...
...classified linage fell 17% below the same month last year, to the New York Times, the parent company of which reported last week that third-quarter profits from continuing operations fell 43.9%, in large part because of a 10.7% drop in ad linage. Says executive director Morley L. Piper of the New England Newspaper Association: "It's an industry- wide slump -- the worst in this region, I think, since the Depression years...