Word: cab
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Dates: during 1970-1979
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Another incident took place in 1960, shortly after John F. Kennedy's election to the presidency, while he was in Boston giving a press conference. Two intrepid WHRB reporters, at the conclusion of Kennedy's remarks, had the foresight to leap into the back of his cab, ignoring the protests of Secret Service men. The reporters fortunately had one of the early portable tape recorders with them. Kennedy was so taken aback by their pluck that he submitted to an interview all the way to the airport...
Alfred Edward Kahn is obviously a gambling man. The outgoing chairman of the Civil Aeronautics Board says of his new job as anti-inflation chief: "The chances for success are far less than what I had [at the CAB]. I think we're dealing with something that's a hundred times more important, but the chances of success are one-thousandth...
...anyone can beat those odds, it may be Kahn. In just 16 months at the CAB, he shredded red tape into confetti, largely deregulated the nation's airlines and restored healthy competition along with lower fares. Economist Kahn is such an impassioned deregulator that he promoted the liquidation of his own empire. He supported a bill that will weaken the powers of the CAB and phase it out of existence by 1985. Said he: "I will consider myself a success in this job if there is no job when I leave...
...independent attitude has impressed his boss. "He is the kind of guy the President likes," remarked one Cabinet member. Says Kahn: "He is the President and has the right to make a judgment, and I have the right to disagree with it, which I do." One time, the CAB had recommended giving Pan American World Airways nonstop flights between Dallas-Fort Worth and London. Carter awarded the route to Braniff Airways. Kahn publicly disputed the ruling and considered resigning. "Then I counted to 24," he recalls, "and decided to stay because I was having such a good time." Kahn...
Airline Deregulation. The Civil Aeronautics Board was deprived of its power to control airline fares and routes. The airlines will be able to cut fares by 50% and initiate service to additional cities-but no more than one new route each year -without asking the CAB for approval...