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...forcing transatlantic fares lower than major airlines had said they could ever go. In June, Laker won approval from the Carter Administration to offer round-trip flights between New York City and London on his 13-jet Laker Airways for $236-almost $100 less than the cheapest non-charter fare-starting Sept. 26. Last week six major airlines countered with a cut-rate transatlantic fare of their own, tossing in some of the amenities that Laker's no-frills "Skytrain" omits...
...Demands (known as CIDS) to the major international companies-a move that could lead to an antitrust case against the industry. The trustbusters are investigating various charges, including one by a consumer group, that oil-company pacts with producing countries might keep them from making their purchases from the cheapest source...
Shareholders had more than the new Polavision system to cheer about. The company's instant still-picture cameras, including the Pronto line (the cheapest sells at discount for less than $50) introduced about a year ago, are doing very well. They have prevented archrival Eastman Kodak, the giant of U.S. photography with sales of $5.4 billion, from grabbing as much of the market as expected in its first year in the instant-camera field.* Polaroid's 1976 sales of $950 million missed the magic billion-dollar mark by a shutter click, and its first-quarter 1977 profits jumped...
NATURAL GAS. The nation's cheapest fuel-whose artificially low price has led to its catastrophic depletion-would become more expensive. Federally controlled wellhead prices of newly discovered natural gas would rise by 300, to $1.75 per 1,000 cu. ft. Gas produced and consumed within the same state, which now is free of federal controls and sells for as much as $2, would be placed under the $1.75 federal "cap." Carter's reasoning: nationwide equalization of natural-gas prices should stop hoarding of supplies within one state, as occurred last winter, while other sections of the nation...
Nonetheless, inflation courses on at 8% to 10% a month-lower than under Isabelita, but still corrosive. Accustomed to lavish salaries and the best and cheapest food in South America, Argentines are eating less steak and moonlighting to stay solvent. Real wages have plummeted by 50% to 60% in a year. But unemployment in Buenos Aires is only 4% to 5%-testimony to the muscle of Peronist unions, whose members provided el Lider's political infantry...