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...familiar one: to blame CAB for its troubles, demand a subsidy to stay in business. Said President David H. Baker to 200 worried stockholders: "Capital's route system is a creature of CAB." And he went on to complain about Capital's unprofitable short-haul runs (average length: 255 miles), its inability to boost fares or to drop marginal stops. Added Capital's biggest stockholder and chairman of the executive committee, Washington Lawyer Charles Murchison: "We have in mind getting out of 19 cities, if CAB would approve...

Author: /time Magazine | Title: AVIATION: More Trouble for Capital | 5/2/1960 | See Source »

...when CAB bailed out Capital by giving the line access to the lucrative Florida market, with a run from Buffalo. Cleveland, Pittsburgh, to Jacksonville and beyond. Object of the move: to keep Capital off subsidy for all time. Yet the line could not make the long-haul run pay off. Its year-round traffic estimates were too optimistic: its stations in four Florida cities cost more than they were worth, and it failed to push coach service, stuck to an 80%-20% first-class-tourist ratio while its competitors reaped the benefits of mass travel. The company...

Author: /time Magazine | Title: AVIATION: More Trouble for Capital | 5/2/1960 | See Source »

French capital but including British, Italian and German interests, will mine the ore, haul it to the sea and market it abroad, splitting the profits fifty-fifty with Daddah's government. As part of the deal, MIFERMA will develop electric power and provide fuel oil, build a 400-mile railroad from the iron mines to Port-Etienne, widen and improve Port-Etienne itself. After completion, the port facilities will be turned over to the government. Also important to parched Mauritania, MIFERMA will drill wells to tap the underground reservoirs recently discovered not far from Port-Etienne...

Author: /time Magazine | Title: MAURITANIA: Hope in the Desert | 4/18/1960 | See Source »

What Bill Tunner wants is a fleet of swing-tailed jet aircraft that could lift fighting troops or 20 tons of freight nonstop over 4,000 miles. With a new type of big turboprop cargo plane that MATS wants to develop, Tunner says he could haul for 4? to 5? per ton-mile what now costs 23? on the C124 Globemasters. But MATS is in the sniping sights of the civil airlines, which last year got $85 million worth of business from MATS. (The total military business with the airlines last year, including movements of military people under travel orders...

Author: /time Magazine | Title: ARMED FORCES: Stepchild's Dilemma | 3/28/1960 | See Source »

...President Arturo Frondizi has faced in his two-year regime. After TNT blasted an army intelligence major's home and killed his three-year-old daughter, Frondizi declared a state of "internal war"; police dragnets swept through the capital at night to knock on 1,400 doors and haul off 250 followers of ousted Dictator Juan Peron. Coming on the eve of a mid-term congressional election that no one can really win, the trouble pointed up the odd state of a democratic nation that is moving ahead, but almost totally without popular support...

Author: /time Magazine | Title: ARGENTINA: Crisis at Election Time | 3/28/1960 | See Source »

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