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...answer is the threat of charter competition and fear of Government deregulation. Fare cutting really began to take off after the Civil Aeronautics Board approved the Advance Booking Charters, liberalized charter schemes that promise to become the hottest thing in cut-rate travel. At the same time, the scheduled lines have concluded that it is wise to show some willingness to compete on price now that Congress is considering a sweeping airline deregulation bill, sponsored by Senators Ted Kennedy and Howard Cannon, that would allow airlines more freedom in changing fares and make it easier for new airlines to start...

Author: /time Magazine | Title: Business: Sky Wars over North America | 9/12/1977 | See Source »

...comic strip transplanted from the Yale campus daily, Philadelphia's Bulletin was among the first big papers to give the new entry a try. Seven years, a Pulitzer Prize and 400 newspaper subscribers later, Doonesbury had become one of the industry's-and the Bulletin's-hottest features. Last month Universal abruptly abandoned its old customer and, after an acrimonious court battle, gave Doonesbury to a higher bidder; archrival Philadelphia Inquirer...

Author: /time Magazine | Title: The Press: Syndicate Wars | 9/12/1977 | See Source »

...hottest takeover battle now going on is the struggle for control of Babcock & Wilcox, New York-based maker of steam-generating equipment and builder of nuclear power plants (estimated 1977 sales: $1.8 billion). Early in 1977, when the company's shares were selling for $35, Babcock management rejected a tender offer from United Technologies Corp. of $42 a share for all its stock; opposition continued when the offer was raised to $48. Last week Babcock accepted a bid from J. Ray McDermott & Co., a New Orleans-based firm best known for its production of oil-drilling rigs...

Author: /time Magazine | Title: Business: Return of the Big Deal | 8/29/1977 | See Source »

...hollow boast, perhaps, but the fact is that the Ethiopian empire of the late Haile Selassie is today threatened with disintegration. Indeed, the two hottest wars going on anywhere in the world at present are both taking place within Ethiopia. In the northern province of Eritrea, Addis Ababa's Marxist military government of Colonel Mengistu Haile Mariam has lost everything but the provincial capital of Asmara and the port cities of Massawa and Assab to the secessionist rebels. If Ethiopia should be defeated in both of its desert wars, it would lose more than 40% of its territory...

Author: /time Magazine | Title: AFRICA: Shifting Sands on the Horn | 8/22/1977 | See Source »

...most of the U.S. sweltered last week under the hottest weather since the Dust Bowl days of the mid '30s, the makers and marketers of air conditioners were hoping that the baking temperatures would bake a bit longer. With thermometer readings edging up into triple figures in many parts of the nation, heat-weary Americans rushed in the largest numbers in years to buy air conditioners. In New York and Chicago, sales mounted to double the June rate. On one sizzling day in St. Louis, a Carrier dealer sold out an entire shipment of 300 units before noon...

Author: /time Magazine | Title: INDUSTRY: Profiting from Misery | 8/1/1977 | See Source »

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