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...Lines arranged to borrow $200 million from eight life-insurance companies until 1990; two weeks ago, Trans World Airlines negotiated $324.6 million of new loans from banks and insurance companies as part of a record $800.2 million package that includes refinancing $475.6 million of outstanding debts. Thus within a fortnight, three of the nation's four largest trunk carriers tapped the tightening money market for some $700 million in fresh funds. Cost Squeeze. Almost all of that bundle will go to pay for stretched jet transports, jumbo jets and supersonic aircraft already on order. Scheduled U.S. airlines last year...

Author: /time Magazine | Title: Airlines: Straining to Pay for Tomorrow | 1/5/1968 | See Source »

When Lyndon Johnson's tax bill was voted on by the committee in October, it was shelved by an overwhelming 20-to-5 margin: Mills pronounced it "dead," resurrectible only if the President would make some reasonable proposals to reduce spending. Fortnight ago, in his celebrated "new style" press conference, the President said that Mills and others who had helped to pigeonhole the tax measure would "live to regret...

Author: /time Magazine | Title: The Economy: Defending the Dollar | 12/1/1967 | See Source »

Seated behind a pile of groceries and waving a package of Velveeta as she talked, Mrs. Gladys Aponte, a Puerto Rican who heads a consumer group in Brooklyn's bleak Bedford-Stuyvesant district, told of the results of two days of comparison shopping a fortnight ago. On every one of 20 standard items, she said, prices were higher in Bedford- Stuyvesant than they were in nearby Flatbush, a middle-class area; totaled up, the difference was as much as $1. Making the arithmetic even more onerous is the fact that people in the slums spend...

Author: /time Magazine | Title: Cities: Paying More for Being Poor | 12/1/1967 | See Source »

...presided there. Its present landlord may be the exception. On the eve of his second anniversary in office, John Vliet Lindsay is still threshing out the megaproblems of megalopolis, yet refuses to sink below the horizon of na tional politics. His views on the Republican presidential competition make headlines. Fortnight ago, he published his first book, Journey into Politics. Last week, after appearing on a network television program, he starred in the first of a weekly TV series of his own. Then he hopped to Los Angeles, where he turned on a variety of audiences, live and electronic...

Author: /time Magazine | Title: Nation: Young Easterner with Style | 11/24/1967 | See Source »

...turning point came a fortnight ago when Stokes openly introduced the issue of race. Making the tortuous claim that Taft was subtly trying to capitalize on racist hatred by urging voters to ignore the candidates' color, Stokes declared: "The personal analysis of Seth Taft-and of many competent political analysts-is that Seth Taft may win the Nov. 7 election, but for only one reason. That reason is that his skin happens to be white...

Author: /time Magazine | Title: Cleveland: Into the Mud | 11/3/1967 | See Source »

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