Word: cabs
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Dates: during 1970-1979
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Last week, on the last day allowed by the CAB for filing briefs in the American-Western case-the largest proposal for a merger since United took over Capital in 1961-the Federal Government managed to confuse matters by attempting to clarify them. The Department of Transportation published guidelines defining what types of mergers would be permitted. A merger should not eliminate "effective" competition or give the consolidated airline an "excessive" share of important markets, said the DOT. It should produce "significant benefits," including better service to the public, and it should not be likely to touch off "defensive" merger...
Common Routes. The department filed briefs with the CAB supporting all three of the proposed acquisitions. On the other hand, the Justice Department, which is entitled to weigh in on the antitrust aspects of pending mergers, argued against American-Western...
...last fall by Spater and Kirk Kerkorian, the Western board chairman, more on the grounds of convenience than necessity or public interest. Spater contended, however, that the merger would generate $50 million in new annual profits-$22 million in increased revenues and $28 million in cost savings. Yet some CAB economists predict a $20 million burden of cost increases on the merged carrier...
...only thing dumber than a New York City taxicab driver is someone who would print any remark that a New York City cab driver makes on any subject other than how best to insult or vilify his customers. Remarks by cab drivers concerning the mayor are out of place in a national magazine. New York cab drivers are a burden that can be borne only by New Yorkers. No other city would put up with these morons...
...Quoting cab drivers as oracles of folk wisdom is one of the more shopworn journalistic devices long ago banned in TIME. But the relationship between New York City cabbies and Mayor John Lindsay is something special. They are to him as the Eumenides were to the heroes of Greek tragedy. A sampling of opinion after Lindsay's conversion...