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...often ignored) capitalist doctrine that lower prices lead to higher demand, which in turn creates higher profits. In the first six months earnings jumped 16.3%, and for the full year should hit a record $1 billion. This year's surge, says Eastern Air Lines President Frank Borman, the former astronaut, "has been above our wildest expectation. We have become mass transit, and this may be as revolutionary as the introduction of the jet engine itself...

Author: /time Magazine | Title: Flying the Crowded Skies | 8/14/1978 | See Source »

After being besieged by the press, said Astronaut Candidate Margaret Seddon, 30, "you just want to be one of the guys." No such luck for the first six women launching NASA'S two-year training program with a crash course in water survival at the U.S. Air Force Base in Homestead, Fla. Zooming down a 45-ft. tower into warm, stagnant water, sliding under an open parachute, crawling in and out of at least three rafts and getting lifted up by a helicopter hoist, Astronaut Candidate Sally Ride, 27, screamed "No!" to a photographer who begged for "a happy...

Author: /time Magazine | Title: People, Aug. 14, 1978 | 8/14/1978 | See Source »

...epic 2001: A Space Odyssey, a space-walking astronaut is separated from his ship and sent hurtling off to his death in space by an intelligent but deranged computer. Last week, in spite of Russian efforts to keep the incident quiet, Western sources reported that a Soviet cosmonaut narrowly avoided a similar fate in February. The near mishap apparently resulted from an unauthorized space walk by Cosmonaut Yuri Romanenko, 33, during last spring's record-breaking 96-day orbital flight aboard the Salyut 6 space station...

Author: /time Magazine | Title: Science: Adrift in Orbit | 7/3/1978 | See Source »

...members of the Circumnavigators Club in New York City include Senator Barry Goldwater, who walked around the world both ways at the South Pole; Astronaut Neil Armstrong, who holds the record for the highest circumnavigation; and Admiral James Calvert, who circled under the North Pole's icecap aboard the nuclear submarine Skate. But last week the 76-year-old club snubbed a sailor who traveled around the world alone in a 53-ft. sloop because the mariner was ineligible to join the club, which restricts membership to "men of good stature...

Author: /time Magazine | Title: Americana: Men of Good Stature' | 6/26/1978 | See Source »

David Scott, Apollo 15 astronaut, on the blastoff: "You just sat there thinking that this piece of hardware had 400,000 components, all of them built by the lowest bidder...

Author: /time Magazine | Title: People, May 22, 1978 | 5/22/1978 | See Source »

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