Word: chases
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...m.p.h. round and round an aerial race course 100 miles long by 30 miles wide. In later tests some cruises were dropped from B-52s 60 miles out into the Pacific and programmed to fly back over California and Nevada to Utah. Air Force F-4 Phantom chase planes closely followed to observe and take over the missiles by radio control if anything went wrong. During one General Dynamics flight, TIME Correspondent Jerry Hannifin watched the missile belting along at 500 m.p.h. across the desert about 10 ft. above the ground...
...cents to pay for the tax, the net effect would be nil--not only on inflation, but on conservation. As Anderson explains, "The whole object of the exercise would be to make people drive less and use their money for other things." In other words, more money would chase these "other things," amounting to still another inflationary impulse. This new problem would be alleviated if the production of other things rose commensurately because of the tax credits Anderson would give business. But he is counting on these merely to "offset the higher cost of motor fuel" so that "companies would...
...criticized by Muslim zealots sympathetic to the Iranian revolution. The departure would also complicate diplomatic efforts to free the 50 Americans held hostage by militants at the U.S. embassy. The day before the Shah's flight, Foreign Minister Sadegh Ghotbzadeh accused former Secretary of State Henry Kissinger and Chase Manhattan Bank Chairman David Rockefeller of trying to sneak the Shah out of Panama so he could escape extradition. That would have "a disastrous effect in Iran," he said, and would delay the freeing of the hostages...
...payments from $19 to $200. Banks, which had been deluging customers with Visa and MasterCard (formerly Master Charge) applications, suddenly throttled back the flow of easy credit. New York's Bankers Trust Co. slapped a $500 credit limit on new accounts and froze ceilings on existing credit lines. Chase Manhattan Bank said no to more Visa applications. This week American Express is expected to raise the $25 per year fee on its 10.5 million cards...
...more graceful in defeat than he had been during the chase. Connally and Nellie drove to Houston's River Oaks Country Club for a late supper. As they entered the dark grill room, the home folks' heads turned in recognition. And suddenly, as a group, they stood at their seats and applauded...