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...Cheaper. The CAB did try to build some limits into the ABC plan so as not to entirely undercut the scheduled carriers. Airlines or charter operators, for example, may cancel a flight altogether under ABC if enough passengers do not show up; they may also change arrival and departure dates. Passengers who cancel will forfeit what the CAB described as a "substantial portion" of ticket costs. ABC also will be restrained by other rules, such as prohibiting charter operators from raising ticket prices if a flight is not fully booked, so prices may well be pegged high enough to offset...

Author: /time Magazine | Title: TRAVEL: Easier Than ABC | 9/13/1976 | See Source »

...Wall Street a very strange pattern: a cyclonic rise in January and February, during which the Dow rose more than 120 points on record trading, followed by six months of generally lackluster volume and back-and-forth price movements that rarely last more than a week or two and cancel each other out. The current drop could end the seesawing, but the betting on Wall Street is against it. What analysts are beginning to call the "Ford-Carter market" will provide investors with rich new opportunities for indecision...

Author: /time Magazine | Title: STOCK MARKET: Sideways Toward the Election | 9/6/1976 | See Source »

...round out the tour, Kissinger planned brief stopovers in Afghanistan, Pakistan, France and The Netherlands. He had wanted to go to Australia but had to cancel out when Prime Minister Malcolm Fraser asked to make a Bicentennial visit to the U.S. He had also hoped to stop in Manila to sign a new base agreement with the Philippines, but the talks bogged down, so that was out. In fact, he even had to do a little arm twisting to get himself invited to The Netherlands. Even though Kissinger had never paid the country a visit, the Dutch tried diplomatically...

Author: /time Magazine | Title: DIPLOMACY: Henry's Last Hurrah? | 8/16/1976 | See Source »

...alternative landing site on Mars' Chryse Planitia, the Plains of Chryse, he scrubbed a landing scheduled for July 17 and started studying a new site for a touchdown that could not take place until next week at the earliest. The postponement, following last month's decision to cancel Viking's scheduled July 4 landing, raised concern among scientists at the Jet Propulsion Laboratory's Mission Control Center; it further reduced the time left for Viking 1 to carry out its tasks before Viking 2 arrives...

Author: /time Magazine | Title: Science: Another Delay for Viking | 7/19/1976 | See Source »

Shaky Ventures. The IRS got involved because it is empowered to cancel a pension fund's tax exemption if trustees have misused the fund's assets to the detriment of pensioners. Over the years, the Teamsters' fund has been accused constantly of doing exactly that. Since its inception in 1955, the fund has been notorious for making large loans to shaky business ventures, many of them controlled by Mafia chieftains who are cozy with Teamster bosses. Investigators from time to time have turned up instances of kickbacks to union officials or underworld figures for arranging loans...

Author: /time Magazine | Title: Business: Fund Under the Gun | 7/12/1976 | See Source »

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