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Game Plan. The Pascagoula plant is also far behind on construction of eight container ships for the Farrell and American President lines. Now scheduled for completion next fall, the first such vessel will be 21 months behind schedule and will cost about double its contract price of $21 million, making it the most expensive general cargo ship ever built. Litton will doubtless pay heavily for the overrun...

Author: /time Magazine | Title: CONGLOMERATES: Litton's Sad Litany | 7/3/1972 | See Source »

...irony and the ironmonger. Nobody but Ambler is quite so willing to risk boring us with the crucial facts-why the Russian rocket needs a special mounting flange to take a Chinese fuse, why it isn't all that simple to plot a new course for a merchant vessel sailing from Latakia to Alexandria, why the Agence Howell (shipping, light manufacturing, fast footwork) needs to get its capital out of Syria before the next revolution...

Author: /time Magazine | Title: Books: Ambling On | 6/26/1972 | See Source »

...surface, the freeze on offensive weapons looks like a Soviet gain. The executive agreement will permit the U.S.S.R. to hold a lead (1,618 to 1,054) in land-based ICBMS. It will be allowed to overtake the U.S., by an insignificant single vessel, in nuclear-missile submarines (42 to 41), since Russia will be permitted to complete 17 such subs...

Author: /time Magazine | Title: The Nation: Slowing Down the Arms Race | 6/5/1972 | See Source »

...simple computer can be programmed to react to combinations of signals. Thus some mines are equipped with "counters." They will allow, say, nine ships to pass by and then blow up the tenth. Such mines greatly increase the dangers of minesweeping, since the sweeper may be the fatal tenth vessel...

Author: /time Magazine | Title: The Nation: How the Underwater Mines Work | 5/22/1972 | See Source »

Next, it can be argued that the manager's obligation to keep his company profitable is, from the point of view of the common law, like the shipowner's obligation to keep his vessel seaworthy. Each is obliged to meet a set of evolving standards defined by trade practice and consideration of economic and legal rationality. In an important sense, seaworthiness "is" the practice of captains and outfitters of shipt; and maximizing profits "is" the business conduct of men of affair. If current trade practice emphatically recommends the use of ship to shore radios, a ship owner can be held...

Author: By Steven E. Levy, Wesley E. Profit, and Charles F. Sabel, S | Title: Getting Off Without a Conviction: Harvard's Killings in the Market | 4/19/1972 | See Source »

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