Word: evens
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Dates: during 1960-1969
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...largest single item of capital goods export. Now U.S. supremacy seems threatened. The British-French Concorde, which will carry up to 144 passengers at 1,400 m.p.h., is scheduled to fly supersonically for the first time this month and to go into regular service in 1973. The Soviets are even further ahead; their TU-144 has already logged nearly 200 hours of flight, and may fly passengers supersonically next year to Expo '70 at Osaka, Japan...
...recent survey conducted for TWA revealed that two-thirds of all passengers responding would prefer to fly supersonically, and 56% would pay a premium of $50 to do so on a 2,000-mile flight. Still, each SST will cost more than most airlines earn in a single year. Even now, the airlines are stretching the tight money market to pay for the new generation of subsonic jumbo jets and airbuses, and smaller lines only wish that the SST would quietly go away for several years. As soon as the leading airlines buy the SST, however, competition will dictate that...
...Even Senate defeat of the tax proposal would not restore the municipal-bond market to health. That would require an easing of Washington's tight-money policy. Long before the tax debate boiled up, banks started curtailing purchases of municipals in order to conserve funds for loans to corporate clients. Municipal-bond prices dropped, and interest rates on outstanding bonds rose from an average of 4.85% in December to 6.37% in September. Laws in several states, notably Pennsylvania, Michigan, Florida and California, forbid payment of that much interest on new bonds. Those states, and their local-government units, have...
Legislatures are considering bills to raise permissible rates in several states, even though that is likely to lead to higher state or local taxes to pay the interest. If the bills pass, some local governments may have another try at selling bonds. Philadelphia school officials plan to offer a $60 million issue at 7% this month. They found no buyers at 6% in July for two issues of $30 million and $17.5 million. The money is needed for a program of closing and replacing 42 slum schools, all of which were built before 1907, and are not fireproof...
...there is no room at the top for all the Joe Lamptons and Jimmy Porters, those angry young men from the working class, a black man in Britain can't even get his foot on the bottom rung of the ladder. Two Gentlemen Sharing presents a tidy essay on John Bull and Jim Crow by telling the somewhat unlikely tale of a West Indian who desperately wants entry into the Establishment and a young ad man who is struggling...