Lockheed Disaster Shows Risk of Overdependence on Defense
The collapse of Rolls-Royce and Lockheed’s role as a top defense contractor expose the risks of mixing civilian and military work. Lockheed borrowed 400 million in 1969 to push the TriStar jet while keeping costly defense programs like C5A and Poseidon, prompting proposed budget fixes and questions about contracting, subsidies, and future strategy. Airlines ordered sizable TriStars but may cut back if deliveries slip, threatening Lockheed’s cash flow and survival. Government debates fix price versus cost plus contracts and whether federal aid will be enough or appropriate.
MENTIONED IN THIS ARTICLE
Lockheed
Defense Department
Aot
Nixon
Countdown Ousted Dubcek Joins Calif College Program
A fragmented report notes a California college program involving 15 students with clean driving records. They allegedly displayed Black Panther bumper stickers on their cars and received traffic tickets. The text hints at police reactions to the stickers.
MENTIONED IN THIS ARTICLE
Calif
Nixon proposals face tough odds in Congress nose count
An inside count shows House Ways and Means Chair Mills set hearings to study Nixon's State of the Union plan, but insiders predict the vast reform package will struggle to survive. Bureaucracy size, state control issues, and inflation risks cloud passage as supporters and skeptics view the plan through a political lens.
MENTIONED IN THIS ARTICLE
House
Ways and Means Committee
Wilbur D. Mills
Nixon
Congress
Arkansas Democrat
Mr. Nixon
Value of diploma questioned in 1971 outlook
The piece argues college degrees do not guarantee higher incomes or white collar employment. It cites Dr Freeman and MSU data showing lower recruiter visits and fewer jobs for graduates. It notes that scholarships, motivation, and ambition better predict earnings than time spent in college, and cites plumbers earning more in some areas. The tone critiques the belief that longer attendance equals higher life earnings.
MENTIONED IN THIS ARTICLE
Tara
Freeman
San Mateo County
Michigan State Placement Service
MSU
Nixon eyes Laos exit as Vietnam war remains pivotal
Washington reports that if Laos operation succeeds, major Communist offensives in Vietnam in 1972 may be unlikely, enabling a withdrawal of American combat forces with Nixon seeking election confidence. The plan hinges on cutting Ho Chi Minh trail supplies and maintaining South Vietnamese strength to preserve independence.
MENTIONED IN THIS ARTICLE
Washington, D.C
Laos
Vietnam
Nixon
South Vietnam
Dien Bien Phu
Indochina
He Beieves
North Vietnam
Cambodia
Ho Chi Minh Trail
Route 9
Sihanoukville
Nixon plans to shrink federal government and cut departments
In a mixed reception, critics note Nixon calls for a leaner federal state and a potential shift of seven departments toward consolidation. He proposes revenue sharing to give states funds with limited use, and his rhetoric signals a serious push to reduce federal reach, though many programs remain intact.
This Day in History Highlights Jefferson Birth of Gas Lit Streets
The entry notes key events: 1801 Jefferson named president by the House with Burr as VP after tied electoral votes, 1817 Baltimore lights first gas street illumination, 1966 a Soviet plane crash killed 48, 2006 Alice Roosevelt Longworth wed Nicholas Longworth at the White House, and a William James quote on habit and thrills.
MENTIONED IN THIS ARTICLE
House of Representatives
Thomas Jefferson
United States
Aaron Burr
Jefferson
Baltimore
Alice Roosevelt
Theodora Roosevelt
White House
Nicholas Longworth
Ohio
William James
Macleans Microscoops Free Calls by GI Secret Code
Army Stars and Stripes reports thousands of U S GIs in Europe used a secret IBM code word to make free international calls over the Christmas period. A national anti litter group notes less litter on highways this year as cars move faster. A New York lawyer orders his funds to support his daughter or face jail for objecting to her hippie site style. Parents have long tried bridging the generation gap with dollars without success. Catholics and Protestants vow joint efforts for better understanding and peace.
MENTIONED IN THIS ARTICLE
Europe
U.S
IBM
Army
Stars and Stripes
New York
Also Mentioned on This Page
Rolls-Royce
England
Citrenmort Rad
General Electric
Pratt & Whitney
Cote Eee Ie
Defense
David Pack
David Pack- Sawing Secenal
Ax Info Catnelig Senate
THE
Rolph Fairchild
Cabc
Dubcek
Henry J. Taylor
Washington
Heaven
Moses
Russell Kirk
John Hannah
Michigan State University
Michigan State
Richard Wilson
Laois
Hermes Alexander
State of the Union
GOP
Great Society
New Frontier
Fair Deal
Richard Nixon
Lyndon Johnson
Transportation Department
John Kennedy
Department of Housing and Urban Development
Dwight Eisenhower
Department of Health-Education- Welfare
Harry Truman
Department of Defense
Post Office Department
Maclean’s Microscoops
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!