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...object violently if it sold arms to a neighbor that claims a lot of its territory, including the Khyber Pass itself. Besides, the U.S. has not taken kindly to Afghanistan's flirtations with the Communists. Already, Afghanistan's debt to Soviet Russia tops $120 million-quite a load for a country with a $25 million budget-and the latest deal will drive the figure higher...

Author: /time Magazine | Title: AFGHANISTAN: Toward the Khyber | 9/17/1956 | See Source »

Cover-Up. In Yorktown, Ind., after a dump truck accidentally dropped a load of hot asphalt while heading for an out-of-town highway job, the truckers thought quickly, gave the street an unscheduled surfacing, went on their...

Author: /time Magazine | Title: Miscellany, Aug. 20, 1956 | 8/20/1956 | See Source »

...Though they are busily expanding capacity to handle the boom, some shipyards cannot promise delivery before 1962. Anticipating a continued upsurge in world trade (which has already soared 50% since 1948). shipowners are ordering giant new ore carriers, combination ore-petroleum ships, roll-on, roll-off carriers to haul loaded trucks and vans, fast new freighters to slake the world's impatient thirst for machinery and steel, coal, wheat, and other basic raw materials that must be hauled from the ends of the earth (see color pages). Most of all, shipowners are clamoring for tankers. Though the world...

Author: /time Magazine | Title: SHIPPING: The New Argonauts | 8/6/1956 | See Source »

...this kind of betting on the future, no one has done better than Niarchos. Except for 1954, when six of his ships were laid up for five months, his tankers have hauled all the oil they could load, often at fancy prices. Shuttling between long-and short-term contracts, his fleet last year transported the equivalent (3.5 billion gals.) of New York State's annual gasoline consumption...

Author: /time Magazine | Title: SHIPPING: The New Argonauts | 8/6/1956 | See Source »

Figuring all costs, says President Carmichael, Capital's Viscounts had a break-even load factor of 56.8%, almost 10% better than its piston-engined Constellations. Total operating costs are $1.57 per mile v. $2.16 for the Connies. But the initial costs of getting the new Viscounts into service actually cost Capital a $1,300,000 deficit in 1956's first quarter, will probably hold down profits this year, even though operating revenues were up to $11.9 million for an overall 13% jump over...

Author: /time Magazine | Title: AVIATION: Capital Buys | 7/23/1956 | See Source »

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