Word: cab
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Dates: during 1970-1979
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...recent CAB study of Air New England found the company's finances and cash flow to be "precarious." Founded in 1970 and controlled by Investors Fairleigh Dickinson Jr. and Robert Kanzler, the Boston-based airline carries some 500,000 passengers annually. It operates at a loss for most of the year but gambles on cashing in during the summer, when traffic triples. Despite federal subsidies of $3.7 million, it lost $2 million on revenues of $21 million in 1978, and does not expect to do much better this year...
...Just 49 years after high-living Judge Joseph Force Crater was last seen stepping into a cab in Manhattan, somebody phoned New York City police that the missing man, declared legally dead in 1939, could be found having a drink at Pat's Emerald Pub in Queens. The breathless tip proved phony, of course, as do all 300 or so reports on Crater's whereabouts that the police receive each year...
...Yorker. George Plimpton wrote an unsigned parody of Truman Capote's long-unfinished Answered Prayers ("He thought about the smooth leather of the banquettes under his rear end and how he would look out and think about his enemies"). Fugitive Abbie Hoffman mailed in word of the Checker Cab Co.'s new nonpolluting taxi: a rickshaw pulled by a jogger and known as the Chinese Checker...
...night as the building custodian: he saves $2,040 a year and breaks federal law by not reporting it as income. Eddie, who pays taxes on his earnings as an apartment superintendent in New York City, clears an additional $250 a week in tax-free cash by driving a cab when the owner is not using it. "That's better than making $350 or $400 on the books," he boasts. The cab owner is equally pleased since he pays no taxes on the money that Eddie gives him to "hire the horse," that is, use the taxi...
Carter has not in the past looked especially kindly on Pan Am. In 1978, for instance, the CAB recommended that Pan Am be awarded a new route between Dallas-Fort Worth and London. Carter rejected the recommendation. Instead, he gave the route to Dallas-based Braniff Airways in what some critics thought was a blatant political bid for support of his energy program by Texas Congressmen. In short, though Pan Am's position is substantially strengthened by its majority holding, its merger with National is not yet guaranteed...