Word: shipyards
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Dates: during 1970-1979
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...with prices. The present economic climate, with inflation approaching 20%, is more serious than anything the country has faced since the 1930s. But it still seems to be something better understood by economists and merchant bankers than by the man in the street. As Jimmy Buchanan, a Scottish shipyard worker observes: "Aye, you can read about it, but you can't feel it much...
...Newport Shipyard was quiet around 4 p.m. the afternoon of Race Four. Two miles offshore, however, Courageous had just successfully defended the America's Cup by the whopping margin of 7:19 in the final battle of the series. The radios on shore were the only clue to the jubilation on the water, as Hoyt bubbled over about the victorious American crew popping champagne on the deck as they waited for the Southern Cross to finish...
...eventually tie up, hoping for a close glimpse of the post-series celebration. Some were members of the successful syndicate, or small-time contributors to the effort who wanted to get in on the celebrating they knew would come as soon as the Courageous was towed in to the shipyard...
...guys are no different from the Watergate fellows," said Bob McCullough, manager of the defender Courageous syndicate, after members of the Australian squad had sneaked aboard Courageous at Newport Shipyard and prowled the deck of the sleek racing machine...
Magruder begins with two chapters on his childhood and youth. He reveals that he grew up in a family overshadowed by scandal: his grandfather's career as a New York shipyard executive was ruined in the early 1920s when he was convicted and jailed for misapplication of $300,000 in bank funds...