Word: fleetingly
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...foreign fishing altogether in U.S. waters. But most welcome the new law, even though the quotas also limit their catches. Already, the promise of greater return is spurring some new investment. Next year 21 new steel-hulled vessels will be added to New Bedford's 175-boat fishing fleet...
Mended Ways. But to enforce the law on the first day the Coast Guard could field only 19 ships and 17 planes-all that were available. TIME Correspondent James Shepherd, aboard one of the first-day flights, saw a Russian fleet fishing as usual-but now with U.S. license-about 80 miles off Long Island. He reported: "With their dingy, rust-splotched hulls, the eleven trawlers, floating Stakhanovites fishing for hake, looked like dungareed boilermakers next to the five pirouetting Coast Guard cutters near by. The first day passed off peaceably, as has generally been the case since the Russians...
...fleet of nine newly constructed LNG ships owned by El Paso Natural Gas Co. will begin carrying gas from Arzew, Algeria, to Cove Point, Md., and Elba Island, Ga., early next year. That gas, for which El Paso signed a contract before the Arab oil embargo, will sell in the U.S. for about $1.25 per 1,000 cu. ft., v. a top federally controlled price of $1.44 for domestic gas shipped across state lines and $2 or more for uncontrolled intrastate gas. Algerian gas bought under a postembargo agreement, however, will cost Americans...
...signs of life. Hippos snort still in the muddy waters-though many have been shot out for greasy "hippoburgers" -and crocodiles abound, well fed by the bodies that get regularly dumped into the river. Ground transport is almost totally lacking. Less than 5% of Uganda's total bus fleet is operable; breakdowns are permanent because no spare parts are available...
...used to be. Some 10% of all American exports and imports pass through the waterway; if the canal was shut down, American commerce would be hurt but not disrupted in a major way. Increasingly, traffic is diverted from the canal, whose locks are too small to accommodate the growing fleet of supertankers. Since 1973, the Panama Canal has been losing money, and its deficit in the past fiscal year was $8 million...