Word: gateways
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Specifically, Pan Am called for routes to more European "gateway" cities in the U.S. (Atlanta, Cleveland, Houston, Dallas/Fort Worth, Tampa) to help counterbalance TWA's strong domestic network. It also sought permission to trade off certain overseas runs with TWA, leaving London as the only major city served by both carriers, and urged the CAB to reject pending applications by National and six other airlines for overseas services. Pan Am called too for even higher transatlantic fares, already up 25% between New York and London this year alone and scheduled to go up 10% more in November. "Drastic action...
John Conklin has designed a versatile buff-colored unit set. There is a balconied building to the right, with a console-supported bust ornamenting one wall. To the rear stands a gateway and wall. In the center is a rectangular cistern, which, with the dropping from the grid of a canopy or crucifix, can be covered in a trice to become Juliet's bed or Friar Laurence's altar. A few chairs and round tables turn the building into a sidewalk cafe, with an organ-grinder on hand to increase authenticity...
Needed Source. Minority bankers further argue that their organizations are a needed source of both pride and investment capital in ghetto communities. "We've demonstrated the capacity of black people to operate complex business institutions," says I. Owen Funderburg, chief executive officer of the Gateway National Bank of St. Louis. A study by the Conference Board, a nonprofit research organization, found that in 1971 minority banks loaned 40% as much money in their communities as white banks did, even though the minority banks' assets equaled less than one-tenth of 1% of the white banks' wealth...
...growth, though, minority banking still faces long odds. The lending policies of such banks are inherently chancy: .8% of the loans made by the Gateway National Bank of St. Louis fail, while the national average loss rate for all banks is .5%. Ghetto bankers accept those risks as inevitable if they are to do their job, but they also have difficulty building a corps of experienced middle managers and attracting capital. Richard Linyard, director of the Seaway National Bank of Chicago, wore three hats until he could find a qualified cashier and controller. Some help on the second problem...
...Truckers say that their thriftiest speed is just under 60. Democratic Senator Birch Bayh of Indiana has been lobbying for an amendment to the Energy Emergency Bill that would exempt buses and trucks from the new limits. The Interstate Commerce Commission proposes to ease its "gateway" restrictions, which until now have often forced trucks to take circuitous routes instead of direct ones between some cities. Other truckers, though, will be hurt by the loosening of gateway rules, which are intended to prevent excessive competition on certain routes...