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...being pumped from the islands at the rate of 56,000 barrels a day, and production is expected to reach 200,000 barrels a day by 1970. As each well is brought in, the oil rig, along with its high-rise cover, is moved along a rail to the next spot for drilling. Underground pumps send the oil through submarine pipelines to refineries on shores...

Author: /time Magazine | Title: The City: Decorating the Derricks | 9/15/1967 | See Source »

Until now, only a few naval and scientific vessels used the Transit system, largely because the shipboard equipment is so expensive. Custom-built, each receiver costs between $21,000 and $35,000, compared with $5,000 to $10,000 for a LORAN rig. In addition, each ship needs a $25,000 computer. The Navy hopes that commercial manufacture will lower the unit cost, allowing more Transit use by Navy as well as merchant ships. Last week most details of the system were being turned over to interested U.S. electronics manufacturers. The company that can most efficiently simplify the system...

Author: /time Magazine | Title: Navigation: Sailing by Satellite | 8/11/1967 | See Source »

...single soul on its staff to eliminate a defecting spy in East Germany. Recalling that the furniture man was a sharpshooter back in World War II, the British decide to turn him back into a trigger man, with the boys in London calling the shots. He refuses, so they rig up a series of schemes, including the kidnaping of his son, to break down his resistance. When Sinatra is told that his son has been killed he finally goes to Leipzig to carry out the assignment-and then learns that, all along, he has been the biggest marionette...

Author: /time Magazine | Title: Cinema: War Games | 7/28/1967 | See Source »

High Cost. Private flying across the Atlantic is by no means economical. A single-engine Piper Cherokee costs $8,500. To make a flight from, say, New York to London, a plane must have a complete high-frequency radio rig ($3,000 to buy, $300 a month to rent), an extra-large gas tank ($50) and survival gear, including life raft, jackets and flares ($35 a trip to rent). Then there are airport landing and service fees that range from a piddling $25 at Gander to a horrendous $300 at the air base at Sondre Strom, Greenland. There is insurance...

Author: /time Magazine | Title: Travel: Doing the Lindy | 7/7/1967 | See Source »

Richards still lives in La Verne, keeps physically fit by jogging five miles a day, exercising on his backyard trampoline or riding his palomino stallion Sun Up. The garden of his $50,000 ranch-style home is equipped with a pole-vaulting rig, and Richards claims he can still clear his best competition height of 15 ft. 6 in. He also has other interests. He owns an 8,000-acre ranch in Colorado and a film studio-an abandoned Methodist church-in La Verne...

Author: /time Magazine | Title: Executives: Health, Wealth & Wheaties | 6/16/1967 | See Source »

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