Word: fold
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During the mad, magnificent peak travel season of '78, commercial flying finally became a mass transit business. Drawn by all the bargain fares, hordes of vacationers-retired couples, hirsute backpackers, whole families loaded down with bikes, fold-up baby strollers and other paraphernalia -swarmed into the nation's airports and almost overnight cured the airlines' lingering problem of too many empty seats. While it was a boon to the industry, whose planes have been setting records in passenger loadings (63% of capacity) and earnings (expected to be about $1 billion this year), the summer of the discounts...
Murdoch was under far less economic pressure to go it alone against fellow publishers than was former Post Owner Dorothy Schiff during the 114-day strike of 1962-63. Schiff settled with the unions 28 days before the other papers, insisting that otherwise the Post would fold. Murdoch was reported to be losing up to $12 million a year on the paper before the strike, so by not publishing he may merely have been cutting his losses. Additionally, Murdoch's New York magazine and Village Voice picked up a circulation and ad revenue windfall from the strike-Voice...
Murdoch was discreetly silent about his motives last week, but there was no shortage of taproom psychoanalysis about why he went his own way. It had been said that he would make permanent the New York Daily Metro, a strike paper he financed, then fold the Post and go after the morning markets controlled by the Times and the News. Yet the Metro died the day the Post resumed publishing. Still, Murdoch men are not ruling out a future morning tabloid, probably along the lines of his spicy and sensational London Sun. It was also said that Murdoch rushed into...
...gutsiest showing came from captain Linsley, who failed to fold despite a leg injury, coming home seventh with an 18:30 time. And when Kristin took 11th in 19:16, just ahead of a field of red UMass shirts, Harvard had the victory...
...earthquake reached 7.7 on the Richter scale. The Richter scale is a measure of ground motion recorded on seismographs. Every increase of one number means a ten-fold increase in the magnitude of the earthquake...