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...when Canada abruptly pulled out of a $1.06 billion order for 18 Orion antisubmarine patrol aircraft. "I tell you," says Haack, "you haven't known heartbreak until a billion-dollar deal is canceled on you on two minutes' notice." The order collapsed over a billion-dollar misunderstanding: Ottawa and Lockheed each thought the other was to be responsible for financing early stages of the contract. But Lockheed may still not have lost the Canadian business: Haack has submitted a new proposal stretching the production schedule and thus reducing the outside financing required to a presumably manageable $120 million...

Author: /time Magazine | Title: CORPORATIONS: Stretched Debt | 6/21/1976 | See Source »

When it comes to his personal safety, Jordan's King Hussein is not a man to take chances. At least that was the impression he left after a visit to Canada. One evening, while attending an ice-skating show in Ottawa with Prime Minister Pierre Trudeau and Wife Margaret, Hussein turned toward the crowd to give a royal wave. Not until newspapers published photos of the incident did anyone notice the handgun tucked into his belt, apparently in violation of Canadian protocol against firearms on foreign dignitaries. "Visitors aren't supposed to do this, but what...

Author: /time Magazine | Title: People, Apr. 26, 1976 | 4/26/1976 | See Source »

...magazine. Advertisers-in Canada and elsewhere-will also continue to be able to reach Canadian readers through TIME. Although our forced decision to close TIME Canada is painful for us, the reasons why also trouble many Canadians who are concerned about press freedom. Said an editorial in the Ottawa Citizen last week: "Much more than TIME Canada's existence has been at stake. More important is the principle that the government can interfere in a publication's content...

Author: /time Magazine | Title: A Letter From The Publisher, Mar. 8, 1976 | 3/8/1976 | See Source »

...climate of suspicion is making it more difficult for U.S. firms to do business abroad. Lockheed's new chairman, Robert W. Haack, hastily flew to Ottawa last week to reassure Canadian officials that no bribes have been involved in Lockheed's efforts to win a $950 million contract for 18 Orion antisubmarine planes. Nonetheless, the Canadian government indicated it would take its time signing the deal, largely because of doubts about the company's ability to survive the spreading scandal. The U.S. Senate passed, 60 to 30, a bill greatly tightening Government controls on overseas sales...

Author: /time Magazine | Title: SCANDALS: Now, the Bribery Probes Begin Abroad | 3/1/1976 | See Source »

...fighting force was airlifted, despite some notable logistical handicaps. Initially, Cuban planes refueled for the long transatlantic flight at Barbados, but the U.S. pressured that island's government to stop such military flights. The Portuguese government eventually refused to let the Cubans refuel in the Azores. Meanwhile, Ottawa has been mildly embarrassed by reports that Cuban planes landing to refuel at Gander Airport in Newfoundland are ferrying home the dead and wounded from Angola. While Prime Minister Pierre Trudeau has stressed that Gander is not being used as a Cuban "staging point," Canadian officials have not gone aboard...

Author: /time Magazine | Title: CUBA: Castro's Globetrotting Gurkhas | 2/23/1976 | See Source »

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