Word: dec
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Dates: during 1970-1979
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...financial crisis that has been building up at the U.S. Postal Service. As a publishing company that uses the mails extensively, Time Inc. is also gravely concerned with this essential national service. With that concern in mind, Time Inc. Chairman Andrew Heiskell sent a letter to President Ford on Dec. 12, pointing out what he regards as the basic reasons for the crisis. The President has not yet replied, but we feel the letter is of sufficient interest to share it with...
...summer, the deficit was $825 million; and in the current fiscal year, which will end June 30, 1976, the Postmaster General currently predicts that the deficit will exceed $1.4 billion-and then only if another substantial increase in postal rates, including a ? first-class-letter rate, takes effect on Dec. 28, as scheduled. You are right, Mr. President. Such arithmetic is quite comparable to the record in New York...
With the bulk of the year's news made by "living sinners," what a marvelous, original and inspiring article in your Christmas-week issue about "Living Saints" [Dec. 29]. May their tribe increase, in no matter what ethnic or religious group they be found...
...Year's Eve performance of Tosca last week, the members of the Metropolitan Opera orchestra voted 72-5 to accept a new contract proposal given them only hours before. If they had voted no and struck, the result could have been disastrous for the financially plagued Met (TIME, Dec. 29). The musicians, who were paid a minimum of $385 a week, had asked for a one-year 12% pay increase; they accepted an 11 % raise spread over this season and next. The musicians also agreed to a seven-week decrease in guaranteed work from 51 weeks a year...
...Lincoln Center, where young Irish-Americans danced jubilantly in the aisles. Last week they were back in Manhattan to highlight an all-Irish program at Carnegie Hall. They are also getting transatlantic exposure through their soundtrack performances for Stanley Kubrick's new film, Barry Lyndon (TIME cover, Dec. 15). After 15 years of semiprofessional status, the Chieftains seem to have arrived...