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...three attack on G.E., the nation's fourth-largest military supplier (an estimated $4.5 billion in contracts in 1984), is only part of a broader fusillade that the Pentagon is aiming at the defense industry. Last week the Defense Department revealed that it has hit Pratt & Whitney for a refund of $40 million in higher-than-expected profits made supplying jet- engine spare parts. The widest barrel, however, remains pointed at General Dynamics, the country's top defense contractor, which found itself facing investigations by a federal grand jury in Connecticut and a congressional subcommittee as well as by Pentagon...

Author: /time Magazine | Title: Cracking Down on Contractors | 4/8/1985 | See Source »

...fiscal 1986, to $277.5 billion. But critics, incensed by stories of $7,600 coffeemakers and $400 hammers, are now challenging the price that the Pentagon pays for everything from wrenches to warplanes. Air Force Secretary Verne Orr acknowledged the public furor in his dunning letters to G.E. and Pratt & Whitney: "National support for building military strength has been severely battered by public perception that we pay too much for the goods and services we acquire...

Author: /time Magazine | Title: Cracking Down on Contractors | 4/8/1985 | See Source »

...whole point of these contracts, argues G.E., is to give the supplier an incentive to perform better. "There were no cost overruns and no overcharging," declared Brian Rowe, a G.E. vice president. "The Government did not pay one cent more than it contracted to pay." Both G.E. and Pratt & Whitney, which on similar contracts made profits averaging 14.6% instead of the projected 13%, indicated that they would not meet the Government's refund request...

Author: /time Magazine | Title: Cracking Down on Contractors | 4/8/1985 | See Source »

...draw great resource in arranging perspective; for the history of Harvard Black him is replete with examples of positive inspiration: Richard I. Greener, William Monroe Trotter, W.E.B. DuBois, Ned Gourd in, Leo Hansberry, Edwin Jourdain, William Hastic, Bob Moses, Barry Williams, Theodore K. Lawless, Ralph Bunch, Robert Weaver, Whitney Young, Arthur Mitchell, Mondedcia Johnson, John Hope Franklin, Countee Cullen, Eve B. Douglass (Radcliffe)--the list goes on and on. It would be a rewarding experience for students to become even more aware of the phenomenally high ratio of Black Harvardians who have made major contributions to the advancement of Black...

Author: NO WRITER ATTRIBUTED | Title: Black Alumni Weekend | 4/3/1985 | See Source »

Near the end of the session, Gretzky slips into a corner and vanishes. Concentrating on Finnish-born Right-Winger Jari Kurri, the Oilers' and the league's second leading scorer, Whitney half-steps out of the mouth of the goal to minimize Kurri's angle, and just then a puck plunks off his back into the net. Whitney says, "If you take your eye off Gretzky, he'll bank it off your skate, your back, your helmet, your wife. I could hang a nickel in the net, and he'd hit it every time." As majestic as the sight...

Author: /time Magazine | Title: Sport: Masters of Their Own Game | 3/18/1985 | See Source »

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