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...President brought joy to Burbank, Calif., home of Lockheed Aircraft Corp., when the Senate by a vote of 49-48 approved an Administration-backed $250 million federal loan to the ailing company. That saved an estimated 60,000 jobs in the depressed aerospace industry. Before the week was out, lines formed again in Burbank restaurants; banks reported a brisk business in traveler's checks. But in another aerospace center. Seattle, the gloom only deepened when the Nixon Administration refused to distribute surplus food commodities in the city because it already had a food-stamp program in operation. While some...

Author: /time Magazine | Title: The Nation: The Economic Blues | 8/16/1971 | See Source »

...naturally had no hint in advance of Kis singer's dramatic trip to China. Like the other correspondents in the pressroom of the San Clemente Inn, he could only speculate about what the President would say when the speech was announced. Schecter flew by helicopter to the Burbank television studio where the President spoke, and was waiting outside when Nixon posed briefly for photographers. The talk turned to dinner, and Schecter suggested a Chinese restaurant. "That's an idea," said the President. Perino's, like Chinese food." Instead, however, they had dinner at Perino...

Author: /time Magazine | Title: A Letter From The Publisher, Jul. 26, 1971 | 7/26/1971 | See Source »

Nixon and Kissinger, who had helicoptered together from the Western White House at San Clemente to make the announcement in the same Burbank studio where the slapstick Laugh-In show is taped, knew that the understated declaration had startled the world. With four aides, they skipped off in high spirits to Perino's, a fashionable Los Angeles restaurant, where Nixon gleefully shook hands with bystanders on the sidewalk and his party celebrated inside with a $40 bottle of Chateau Lafite Rothschild (1961) during dinner. Happy, too, was Kissinger; at the height of a brilliant career, he enjoys a global spotlight...

Author: /time Magazine | Title: The Nation: Nixon's Coup: To Peking for Peace | 7/26/1971 | See Source »

Baskin-Robbins concocts hundreds of new flavors a year at its gleaming research laboratory in beautiful uptown Burbank, Calif. But only eight or nine a year ever make it to the market. The rest are shot down by the company's discriminating marketing specialists or its finger-in-the-wind president, Irvine Robbins. "We don't sell ice cream," he philosophizes. "We sell...

Author: /time Magazine | Title: MARKETING: The Freeze That Pleases | 6/21/1971 | See Source »

...hardest-hit victims would be the 9,700 workers employed on the L-1011 project at Lockheed's Burbank and Palmdale plants. Many have already been hurt because work on the L-1011 has been cut back by 50% since the Rolls-Royce collapse; some would get jobs at the McDonnell Douglas plant in nearby Long Beach, where the DC-10 is being built. There would likely be more hiring by Boeing as well as McDonnell Douglas, and by their U.S. engine makers, Pratt & Whitney and General Electric. Thus, while a failure of the L-1011 would cause unemployment...

Author: /time Magazine | Title: Business: Should Lockheed Be Saved? | 5/31/1971 | See Source »

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