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Lockheed has based much of its future on the C-5A and the Cheyenne. While the former is in trouble over costs, the latter is being criticized for its performance. The Cheyenne, a highly advanced, heavily armed "compound helicopter" can both hover like a copter and fly on stubby wings, propelled by a "pusher prop" that speeds it up to 250 m.p.h. Last week the Army abruptly canceled Lockheed's production contract for 375 of the aircraft. Cancellation means a loss of $250 million in orders already in hand, and much more in potential business. Lockheed has already laid...

Author: /time Magazine | Title: Business: LOCKHEED'S CASUALTIES IN THE DEFENSE CONTROVERSY | 5/30/1969 | See Source »

...Nice Road But. To avoid the Intruder, planes travel 20 miles to another beacon erected in a treetop where they hover in holding patterns. Here the danger is perhaps greater. Other planes from Gabon loaded with arms and ammunition also join the pattern; sometimes as many as 20 ships are circling simultaneously, some assigned the same altitudes by inexperienced Biafran ground controllers. The sight of fire-bright exhausts in the African night is slim comfort to other flyers. Says Swedish Pilot Ulf Engelbrecht: "If all the pilots some night were to turn on rotating beacons and clearance lights, a dozen...

Author: /time Magazine | Title: Biafra: Come on Down and Get Killed | 3/21/1969 | See Source »

Glittering in red, gold and mother-of-pearl, Lucille answers in a wordless, keening obbligato. King rides the beat with his whole body, nudging it with his knee, slashing across it with his voice. Lucille skitters in and around it, then swoops up to hover on long, suspended blue notes that make King grimace with pleasure. King is all surging masculine power. Lucille is all sinuous womanly grace. If listeners are more moved by her than by him, King does not mind. Lucille is "the one girl I can depend on"-his electric guitar...

Author: /time Magazine | Title: Singers: Blues Boy | 1/10/1969 | See Source »

...quite a bit of room for some mildly deflationary measures because unemployment is so low. Encouragingly, economists of the Johnson Administration believe that the wage-price spiral eventually can be restrained by permitting unemployment to climb back to a politically acceptable rate of about 4%, and letting it hover there for a while. But, warns Arthur Okun, the outgoing chairman of the President's Council of Economic Advisers: "If ever there is going to be a year of bliss for the American economy, it will...

Author: /time Magazine | Title: Business: The Economy in 1968: An Expansion That Would Not Quit | 12/27/1968 | See Source »

...moss green, the green of stale water. The page is divided by an unbroken sea-horizon. Running the edge of the even ocean is the boat of the poems -- "our soul...a three master seeking port." An old-fashioned wire grave fence spans the dark sky. Behind the fence hover five "characters" -- anonymous creatures. They are placed like a line-up of black sheep to carry us into the dream-vision of the book. We see them again and again -- hermetic figures, alone, hungry, against the austere backgrounds of the illustrations. They are composed in strong patterns of dark...

Author: By Robin VON Breton, | Title: The Voyage | 12/20/1968 | See Source »

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