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...American World Airways took another step last week toward achieving its long cherished dream of acquiring U.S. domestic routes to tie in with its far-flung foreign network. It disclosed that after a stock-buying spree early last week, it now owns 4,398,500 shares, or 51.4%, of National Airlines, thus beating out two rivals for majority interest in the line. Texas International, a small, aggressive carrier that, like Pan Am, has received preliminary approval to merge with National from the Civil Aeronautics Board, holds about 25% of the stock. Eastern Air Lines has also been trying to gain...

Author: /time Magazine | Title: Business: Pan Am's Buy | 8/6/1979 | See Source »

...far-flung settings of the book are straightforward. A suburb of Auckland, N.Z., is dominated by a North American-style shopping mall called Heaven-field-"a huge windowless pretence, as much an insinuation of Elsewhere as its own name or that of the city or the restaurant, Manhattan, as its entrance." Baltimore, Md., death place of Edgar Allan Poe, is recognizable, with its gray asphalt, red brick and black iron gratings, as are the affluent hills of Berkeley. "passing through a 'wilderness' phase where it was fashionable to let meadow grass and herbs grow as they pleased...

Author: /time Magazine | Title: Books: The Diary of a Mad Widow | 8/6/1979 | See Source »

...country's Communist leaders repeatedly emphasized their determination to stay clear of great-power entanglements and to preserve their hard-sought independence. They have not succeeded. With surprising swiftness, Viet Nam has in the past three months turned increasingly to the Soviets for help in keeping its far-flung military machine running. In return, Moscow has extended its strategic and military reach into Southeast Asia with a vigor that has alarmed Japan and the Association of South East Asian Nations and certainly angered China...

Author: /time Magazine | Title: VIET NAM: The Soviets Settle In | 6/18/1979 | See Source »

China's piecemeal corruption pales by comparison with the systematic payoffs that are taken for granted in other Asian countries, but China watchers believe that bribery is a symptom of a general malaise that has infected the country's far-flung bureaucracy. They noticed that after Mao's death, the morale and dedication of bureaucrats seemed to be improving. Now, however, many officials appear to have reverted to skepticism and self-protective caution...

Author: /time Magazine | Title: CHINA: A Taste for the Take | 6/11/1979 | See Source »

...without ever having sold a share of stock to the public, along the way amassing a fortune estimated at $100 million. Because his companies are private, they are not required to report sales or profits figures. But he has allowed TIME Correspondent Patricia Delaney a closer look at the far-flung activities of the Carlson Companies...

Author: /time Magazine | Title: Business: Expanding Along with Carlson | 5/14/1979 | See Source »

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