Word: cab
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Dates: during 1970-1979
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...state of Maine is currently inventorying some 3,350 islands off its coast. A Boston cab driver who migrated to Cutler, Me., in 1966, bought a 25-acre island near by for $2,500. Today, with a cabin and a fresh-water spring, it will fetch up to $40,000. The 2,500-acre Bartlett's Island was once a village of 300 souls. It was bought by a radio writer for $68,000. After several lucrative changes of ownership, David and Margaret Rockefeller recently became the barons of Bartlett for $750,000, a cost that marked...
...Competition. Last week, with still not a cent of federal money in hand, Pan Am laid out its case in a detailed, hard-hitting and far-reaching brief to the CAB. The carrier reiterated its need for a "temporary" subsidy, but went much further. What really is needed, said Pan Am, is a more sweeping, permanent solution. The airline proposed a major rethinking of U.S. overseas air policy, with the aim of eliminating head-on competition between itself and TWA, nipping potential new overseas competition from U.S. carriers before it even gets started, and securing the firm backing...
...more European "gateway" cities in the U.S. (Atlanta, Cleveland, Houston, Dallas/Fort Worth, Tampa) to help counterbalance TWA's strong domestic network. It also sought permission to trade off certain overseas runs with TWA, leaving London as the only major city served by both carriers, and urged the CAB to reject pending applications by National and six other airlines for overseas services. Pan Am called too for even higher transatlantic fares, already up 25% between New York and London this year alone and scheduled to go up 10% more in November. "Drastic action," concluded Pan Am, "is desperately needed...
Some Congressmen think so. In the Department of Transportation, the feeling is that even if the CAB authorizes a subsidy, Congress will not fund it because it is tired of being asked to bail out private companies in the manner of Perm Central, Lockheed and Grumman. Wisconsin's influential Democratic Senator William Proxmire, a longtime foe of subsidies to business, is adamant against any aid to Pan Am beyond possible increases in fares. He bristles at the thought of turning Pan Am into "the nation's largest welfare recipient...
...crowd, until now indifferent, cheered as he stepped from the cab...