Word: transport
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Dates: during 1960-1969
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...building an antiballistic missile (ABM) system for the U.S. until Washington's new ambassador to Moscow, Llewellyn Thompson, has had a chance to determine just how effective the new Soviet ABM network really is. Nor will he decide at this time whether to go ahead with a supersonic transport for the U.S., even though Boeing has already been selected as the designer; instead, funds for continued research will be supplied on a month-to-month basis...
...judgment that this Government should immediately commence a new program in partnership with private industry to develop at the earliest practical date the prototype of a commercially successful supersonic transport superior to that being built in any other country in the world...
Among those who cheered Kennedy's decision to build the world's biggest and best supersonic transport was Vice President Lyndon Johnson. But as President, Johnson's enthusiasm has noticeably waned. He properly played a passive part in the bitter 30-month competition between Boeing and Lockheed to build the airframe and between General Electric and Pratt & Whitney to make the engines. But in finally declaring Boeing and G.E. to be the winners, the President also withheld for an indefinite period the money they will need to move full speed ahead in building prototypes of the newly...
...m.p.h. and opens out at slower subsonic speeds, may solve much of the boom and vvrrooom. And even while some engineers work at refinements such as these, others are already seriously at work on a new generation of jets to eventually follow. They would be called HSTs, for hypersonic transport, and would hurtle along at Mach 10 or 6,600 m.p.h. At that speed, the trip to Paris will take only 45 minutes...
...incentives toward collusion or price-cutting. Racketeering and the provision of illegal goods (like gambling) have been conspicuously neglected by economists. There exists, for example, no analysis of the liquor industry under prohibition that begins to compare with the best available studies of the aluminum or steel industries, air transport, milk distribution or public-utility pricing...