Word: unbuilt
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...growing teamwork in producing sophisticated equipment too costly for one country to devise alone. Britain and France shared an exhibit of their supersonic Concorde, taking advantage of the lone air-transport realm in which the U.S. lags, pointed proudly to 47 orders already on the books for the still unbuilt plane. The French government seized the occasion to order Sud-Aviation to build 13 more of its twin-jet Caravelles, and France's Nord-Aviation showed off the twin-engined Transall cargo plane that it has developed with five German firms...
...Wonderland of Manhattan's Four Seasons restaurant, seven precocious Alices tucked their curves into kiddie clothes at ex-Showgirl Gregg Sherwood Dodge's Thank Heaven for Little Girls fashion show to raise money for her pet charity-Girls' Town, U.S.A.-an as yet unbuilt Florida home for "abandoned" girls from ten to 18 years old. Onto a makeshift stage pranced such moppets as Actresses Susan Kohner, 25, Susan Strasberg, 24, and Tisha Sterling, 17, daughter of Actress Ann Sothern; then came a formation of New York-Rome jet setlets, led by Harper's Bazaar playgirl Christina...
...believe that Larry Tisch will find it hard to turn a profit on Manhattan hotels that are costing $20,000 a room to build. He replies that the skeptics are still thinking in terms of the '30s, points out that he has already booked 75 conventions into the unbuilt Americana. He has no intention of running profitless operations. In only a year as Loew's chief stockholder (he served as chairman of the executive committee before becoming company chairman and chief executive last month), he has cut costs and improved business so much that the firm...
...Pressure. Armstrong learned his engineering at Utah State ('36), sharpened it as a U.S. Bureau of Reclamation dam engineer from 1936 to 1953. Moving on to Egypt's controversial-and still unbuilt-Aswan High Dam project as a U.S. consultant, he showed plenty of diplomatic savvy in reconciling the divergent views of U.S. and Egyptian engineers during preliminary work. Later he took over as director of dams on the St. Lawrence Seaway project, another job that required low-pressure diplomacy to resolve the conflicting desires of the U.S. and Canada. Last year Armstrong took...
...Collateral. To build and operate the supertankers, the Argonauts devised a shrewd technique for raising the cash without putting up much money of their own. Niarchos persuaded the oil companies-which were then unwilling to tie up capital in shipping-to put his unbuilt tankers under long-term charter (up to seven years). Armed with charters that would pay for new tankers in less than half their 20-to 25-year working span, he then made firm contracts with shipyards and went to banks and insurance companies for construction loans, using the charters as collateral. With the loans guaranteed...