Business: Aerospace: The Troubled Blue Yonder

HAVING always professed their faith in know-how, Americans have built empires of technology unparalleled in the world. The largest and for at least 25 years the most exciting of these has been the aerospace industry—the high-performance, high-speed realm of planes and missiles. Each year it has received barely conceivable billions from the national treasury, and each year its products seemed to transport Americans higher, faster and farther than ever before. After the U.S. Senate voted last week to shoot down the supersonic transport, which would...

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