Word: seamanship
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Ever since the recovery began in December 1982, economists have been scanning the horizon for shoals that could endanger or wreck growth. Last week a couple appeared, and it will require some expert seamanship by policymakers to keep the economy on course. Early in the week, big U.S. banks boosted the bench-mark prime rate from 11% to 11½%, the first such increase in seven months. The very next day, the Commerce Department weighed in with a "flash estimate" showing that the gross national product in the first quarter is rising at the unexpectedly brisk annual rate...
Skilled, or able to make up in enthusiasm what they lack in seamanship, Buckley and his band have such a good time that they are "melancholy to make their final landfall and see their voyage end." Readers can only share that sentiment as they approach the last page...
This is still the third largest fleet in the world, trailing only the U.S. (500) and the Soviet Union (693). It is a well-trained force that is respected for its seamanship, flexibility and firepower. But it is due to shrink even more. The decision of Prime Minister Margaret Thatcher to strengthen Britain's nuclear deterrent by spending $14 billion for four Trident-armed submarines means that the navy will have to economize by reducing the overall size of its fleet. By 1985, 17 destroyers and frigates will have been taken out of commission, and as new surface units...
...excitement builds as students board the Westward. They gradually take charge of the schooner's scientific activities, which include round-the-clock net tows to analyze ocean life and water samples daily at depths up to two miles. They hone their seamanship on the six-week voyage, navigating by sun and stars across the open ocean, guiding the vessel through changing weather under the watchful eyes of the ship's mates and captain. Says Captain Sidney Miller, 52: "At first the students can't believe we'll let them make mistakes. But we do, as long...
...sloppiness, no boozing, a solid family life." Many captains are trained, for tuition costs starting at $3,000 a week, at one of three supertanker schools in Holland and France. At Meurs' school, the Dutch Institute for Navigational Training, nearly 100 students a year go through a seamanship course run by a 17-member staff that is headed by, of all professionals, a psychologist. "Stress is becoming a very important factor as the world of shipping becomes more complicated and increases the need for men who can make cool, fast decisions," says Meurs. At the school, part...