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...totally in order. Unemployment is estimated at 12%, inflation at 15%. One reason for the economy's woes is that Herrera Campíns' predecessor, Carlos Andrés Pérez, encouraged a series of ill-advised state enterprises, such as steelmaking and air transport, that last year ran up losses estimated at $2.5 billion. Other important sectors of the economy, mainly agriculture, have been corroded by the massive inflow of oil money: once a self-sufficient food producer, Venezuela now imports more than 50% of what it eats...

Author: /time Magazine | Title: Venezuela: Good Will from Petropower | 8/31/1981 | See Source »

Shortly before sunrise one day last week, a military convoy stretching a full mile snaked its way 3½ miles from Rocky Mountain Arsenal to a runway at Stapleton International airport in Denver. The four U.S. Army trucks eased up beside a pair of C-141 Starlifter transport planes. Aboard the trucks, stacked on metal pallets and tightly harnessed with black nylon webbing, was the deadly cargo. "We've taken every conceivable safety precaution," Brigadier General Walter Kastenmayer told reporters. "I have no concern that we can't do this safely...

Author: /time Magazine | Title: Pass the Ammunition - Carefully | 8/24/1981 | See Source »

...nothing can replace the laborsaving, productivity-boosting powers of commercial air transport. Like a vast and intricate nervous system for the economy, air travel has stimulated business and fostered wealth wherever planes have flown. In the process, more and more businesses have come to depend on air transport as much as aviation has grown to rely on business. That mutual dependency has brought enormous benefit to Americans everywhere, and that should continue when air travel returns to normal...

Author: /time Magazine | Title: The Economic Perils of Chaos Aloft | 8/17/1981 | See Source »

After a week of efforts by the controllers to stop America's air-transport system, the industry continues to function with a smooth reliability that has surprised almost everyone...

Author: /time Magazine | Title: The Economic Perils of Chaos Aloft | 8/17/1981 | See Source »

...also faces decisions about other future U.S. defense systems, such as the MX missile and the advanced strategic bomber. Because opposition to a land-based MX system remains strong among officials in Utah and Nevada, where it would be located, an alternative scheme to place the missiles on air-transport planes remains very much alive. Reagan is scheduled to make an announcement on MX basing soon after his Sept. 3 return to Washington...

Author: /time Magazine | Title: A Not-So-Brief Intermission | 8/17/1981 | See Source »

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