Word: expression
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...chip stocks of the Dow. The Investor's Daily index of more than 5,200 stocks traded on the New York and American exchanges and over the counter had risen almost 33% in 1985 by the end of last week. From such familiar favorites as General Electric and American Express to small, obscure companies like California-based IntelliCorp, which is developing artificial-intelligence programs for computers, the large majority of share prices went up. If investors picked stocks by throwing darts at the Wall Street Journal listings, they stood an excellent chance of making money...
COVER: Airlines say "Happy New Year" with a rousing round of price rollbacks 40 Air travel used to be an expensive way to go, but a new fleet of cut-rate carriers, led by People Express, is now offering low fares from coast to coast and on hundreds of routes in between. The attractive price of tickets has encouraged more people to take more flights to more places than ever. Travelers who used to ride the bus or drive are hopping a plane. See ECONOMY & BUSINESS...
...writer of a major TIME story rarely works in the field, relying instead on the magazine's network of correspondents and reporter-researchers. For this week's story on People Express and the deregulated airline industry, however, Associate Editor Charles Alexander decided to do things differently. "I usually write about abstract things like economic policy," he says. "My previous cover story was on the budget deficit, and I got buried under statistical reports. This one was a change of pace, a consumer-oriented subject. It made sense to take a firsthand look...
...included booking his first flight on the airline, an orderly if spartan pre-Thanksgiving round trip between People's headquarters at Newark International Airport and Jacksonville. "Playing a typical customer, I even phoned to make my own reservation, which has been a notoriously difficult part of getting on People Express," says Alexander. "Wonder of wonders, thanks to their new reservation system, I got through on my first...
...firsthand experience were more extensive reports from New York Correspondent Thomas McCarroll, who also made several flights and talked with People passengers, along with employees and ex-employees, competitors, Wall Street analysts and travel agents. In Bernardsville, N.J., he and Senior Correspondent Frederick Ungeheuer spoke at length with People Express Chairman Donald Burr. "It was an unorthodox, invigorating interview," McCarroll recalls. "It's rare for the chief executive of any company to be so frank. He never avoided a single question...