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Word: spares (lookup in dictionary) (lookup stats)
Dates: during 1980-1989
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Usage:

Exploding spare-part prices

Author: /time Magazine | Title: Cost Bombshells | 7/25/1983 | See Source »

...discovered about 65% of the prices had risen by more than 50%; 4,000 items had ballooned by more than 500% and some by more than 1,000%. A gear-and-pinion assembly supplied by Bendix Corp. jumped from $31.59 to $546, a rise of 1,628%. A spare part from Britain's Rolls-Royce was marked up from $3.70 to $54.75, an increase of 1,380%. Inflation over this period...

Author: /time Magazine | Title: Cost Bombshells | 7/25/1983 | See Source »

...parts as soon as possible," even if it means bypassing the Pentagon's inventory. For instance, the Navy paid the Sperry Corp. $110 for each diode used in an F/A-18 fighter-bomber flight simulator, even though the diodes were available from the Pentagon's own spare-parts stockpile at 4? each. The apparent reason for this expensive shortcut: unwillingness to order through the cumbersome military bureaucracy. Declared Democratic Congressman Nicholas Mavroules of Massachusetts: "This is an abominable situation...

Author: /time Magazine | Title: Cost Bombshells | 7/25/1983 | See Source »

...Carter Administration also authorized some major U.S. arms manufacturers to continue sales of military equipment to Iran covertly. This, in turn, encouraged private arms dealers to continue supplying Iran. All official cooperation with Iran ended when the embassy in Tehran was seized. Carter impounded $300 million worth of spare parts that the Shah had paid for, and ordered a complete boycott of American trade with Iran...

Author: /time Magazine | Title: Iran: Arms For the Ayatullah | 7/25/1983 | See Source »

...violently anti-Israel, one of the countries that has violated the U.S. boycott most blatantly is Israel. When Iraq invaded Iran, the Tehran regime urgently needed U.S. supplies. Former National Security Adviser Zbigniew Brzezinski confirmed in his recently published memoirs that the Carter Administration clandestinely offered to supply spare parts to Iran in return for the hostages' freedom. "We learned, much to our dismay," he wrote, "that the Israelis had been secretly supplying American spare parts to the Iranians, without much concern for the negative impact this was having on our leverage with the Iranians on the hostage issue...

Author: /time Magazine | Title: Iran: Arms For the Ayatullah | 7/25/1983 | See Source »

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