Word: sailboat
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Dates: during 1980-1989
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...invention that he is particularly enthusiastic about is a hydro-foil sailboat designed to sail at twice the speed of the wind propelling it. The boat was a finalist in the 1981 international Rolex Awards for enterprise...
Researching and creating a prototype of an invention is also costly, requiring a variety of individual and corporate sponsors. Nearly $100,000 was invested on the last model of the hydrofoil sailboat, for example...
...four one-sided yacht races that showed U.S. sailors and Australian sportsmen at their best. The man who unthinkably lost the trophy three summers ago, San Diego's Dennis Conner, won it back with guile at the beginning and grace at the end, not to mention the fastest sailboat on the Indian Ocean. "I didn't see a foot put wrong in any one of the races by any one of their team," losing Skipper Iain Murray said admiringly. "We made a few mistakes and were a little bit off the pace." Beaten to every buoy, they finished each race...
...first the world learned of the unraveling scheme was just before Jacobsen's release, when Al Shiraa (The Sailboat Mast), a weekly magazine published in Muslim West Beirut, ran a sensational article reporting that the U.S. had been sending spare parts and ammunition for jet fighters to Iran. The magazine further said that McFarlane and four companions had visited Tehran in early September, stayed at the Independence (formerly Hilton) Hotel and met with a variety of officials from the Iranian Foreign Ministry, parliament and army, who supposedly asked for more military equipment. Shortly after the visit, said Al Shiraa...
Psst! Want to be skipper of your own ship? Up and down all three U.S. coastlines, plenty are available, as boatmakers are buffeted by one of the worst sailboat gluts in memory. No accurate estimate of the number of vessels for sale is available, but price cuts of 25% to 30%, particularly for secondhand sailboats in the $100,000-and-under range, have suddenly become common. Says Bill Stewart, owner of a boat brokerage in Key Biscayne, Fla.: "The bottom has just fallen out of sales...