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...Rolls-Royce Ltd. has become one of Britain's brightest industrial ornaments by making the most luxurious cars in the world, as well as engines for the Concorde supersonic jet, nearly every plane in the Royal Air Force, and rocket and diesel motors for road, rail and water transport in more than 100 countries. Last week those two storied giants threatened to push each other into a spectacular transatlantic financial collapse. Their plight was the result of inflation, management errors, soaring ambitions that were frustrated and the difficulties of taming a technology that is growing increasingly complex and costly...

Author: /time Magazine | Title: Business: Lockheed's Rough Ride with Rolls-Royce | 2/15/1971 | See Source »

...West decades ago, when oil was not as much in demand as it is today. They note with irritation that, while a barrel of crude in Western Europe yields an average of $8 in the marketplace, they get only about $1 out of it. The rest goes into production, transport, refining and marketing costs ($3), oil-company profits (50?) and taxes collected by the consuming countries ($3.50). Even more infuriating to the predominantly Arab group is that the oil-consuming governments of the West have largely favored the Israeli cause...

Author: /time Magazine | Title: OIL: The Desert Foxes | 2/15/1971 | See Source »

...means of transport ever suffered a worse drubbing than the motorcycle? In the 17 years since Stanley Kramer put Marlon Brando astride a Triumph in The Wild One, big bikes and those who ride them have been made into apocalyptic images of aggression and revolt -Greasy Rider on an iron horse with 74-cu.-in. lungs and ape-hanger bars, booming down the freeway to rape John Doe's daughter behind the white clapboard bank: swastikas, burnt rubber, crab lice and filthy denim. It has long been obvious that the bike was heir to the cowboy's horse...

Author: /time Magazine | Title: Time Essay: MYTH OF THE MOTORCYCLE HOG | 2/8/1971 | See Source »

...insists that he had "28 eyeball-to-eyeball commitments 24 hours before the vote," but that four Senators did not keep their pledges on the secret ballot. Suspicion centered mainly upon Washington's two Senators, Henry Jackson and Warren Magnuson, because Kennedy had opposed Seattle-based Boeing's supersonic transport; Connecticut's Abe Ribicoff. who has had past differences with the Kennedy brothers; and South Dakota's George McGovern, an announced presidential candidate, who is trying to appeal to the same kinds of voters that a Kennedy candidacy would probably attract...

Author: /time Magazine | Title: The Nation: The Coming Battle Between President and Congress | 2/1/1971 | See Source »

...Perhaps prudently, Nixon in his State of the Union address did not men tion the supersonic transport. The last Senate voted against it, the new House seems to be leaning that way, and the plane may be permanently grounded...

Author: /time Magazine | Title: The Nation: The Coming Battle Between President and Congress | 2/1/1971 | See Source »

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