Word: accountants
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Dates: during 1970-1979
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...million reduction in property taxes. Mayors and other local officials protested so loudly that King retreated a bit, agreeing that if two-thirds of a community's voters approved higher spending, its cap would be lifted. Still, most Massachusetts politicians regard the effort as hamhanded, taking no account of growth or inflation. Says a state senator: "Things are more professional on the Quincy city council...
...Editor Burton Pines' office is an outsized map of the world, with each nation a distinct and striking hue. "Looking at a map like this one," says Pines, who occasionally glanced at it while writing his second straight cover story on the Israeli-Egyptian negotiations, "helps you take account of geopolitical realities when discussing U.S. foreign policy...
Meanwhile, the hamburger heavyweight, McDonald's, is being challenged by hungry competitors, notably Burger King, a subsidiary of Pillsbury Co. McDonald's 5,200 outlets, which account for about 20% of the $20 billion spent last year on fast food, generated earnings of $163 million on sales of $4.6 billion in 1978. McDonald's opened 500 new outlets last year and expects to continue expanding at that pace for the next three to five years. But that cannot make up for the slowdown in annual earnings growth, which dropped to 19% last year from roughly 40% five...
...reason that so many are willing is that for many mainlanders the gloss has gone off some once fashionable Caribbean and Mexican resorts. The dollar is worth a dollar, almost. The natives speak English, sort of. It is a fairly easy hop for U.S. Westerners, who account for 80% of Maui's visitors (though 600 people a day flew from New York City en route to Maui on United alone last year). Though here and there a McDonald's, a Pizza Hut, a Baskin-Robbins has sprouted, it is still possible on Maui to rediscover the idyllic Hawaii...
Even The La Palina Smoker was not enough to keep alive United Independent Broadcasters, the tiny network on which it was heard; in 1928 the owner approached Paley's father and offered to sell. Sam refused, but Bill, who had $1 million in his own account, grabbed the bargain, a measly $503,000, and ran. UlB's problem, he recognized, was that it was not big enough. He reorganized, offering greater inducements to affiliates, and within the space of a few months increased the network from 16 stations to 49. Along the way, it was renamed...