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...long, stormy letdown of Pan American World Airways has been as visible as a thunderhead, and just as ominous. Pressed by soaring fuel costs and shrinking transatlantic passenger loads, Pan Am lost $18.4 million last year, despite a stringent cost-cutting program imposed by Chairman William T. Seawell: 8,000 of 40,000 employees have been fired. By July of this year, matters were even worse. Losses were running in the $30 million range, and Pan Am and TWA, a line with even greater first-half losses but lesser troubles overall, had appealed to the Civil Aeronautics Board for federal...

Author: /time Magazine | Title: AIRLINES: Pan Am's Case for Subsidy | 9/23/1974 | See Source »

...with "disbelief at first, then extreme disappointment and a letdown feeling." He was "dumbfounded, and then it turned to anger." House leaders, including the Judiciary Committee's Democratic Chairman Peter Rodino, laid plans to cut the House debate on impeachment from two weeks to one week. The third-ranking Republican in the House, Illinois' John Anderson, asked: "Why should we need more than...

Author: /time Magazine | Title: THE LAST WEEK: THE UNMAKING OF THE PRESIDENT | 8/19/1974 | See Source »

...anger and dismay. "We were just dumbfounded," said Ohio's Delbert Latta. "We'd put our trust in the President. We felt he was telling us the truth. I think every American has that right-to put his trust in the President. It was a terrible, letdown feeling." Indiana's David Dennis said that he was "shocked and disappointed." He had planned to fight for Nixon on the House floor. "We'd have got some votes too. The President would have gone to the Senate not in all that bad shape." But now Dennis was convinced...

Author: /time Magazine | Title: THE LAST WEEK: THE UNMAKING OF THE PRESIDENT | 8/19/1974 | See Source »

...toast-so carefully worded-was delivered, the third summit meeting between President Nixon and Soviet Party Chief Leonid Brezhnev came to a quiet close last week. It had lived up to its advertised and modest expectations, and yet the result, despite the cautious advance billing, was something of a letdown. The dialogue had continued, the spirit of detente was nudged ahead by some useful if minor pledges of cooperation in scientific and cultural fields. What was worrisome about Summit III-and deeply disturbing about the future-was what had been left unsettled in Moscow. The meetings revealed, more clearly than...

Author: /time Magazine | Title: DIPLOMACY: Summit III: Playing It As It Lays in Moscow | 7/15/1974 | See Source »

...Kottke, at the Performance Center, will also be worth seeing. He's allegedly a genius on the guitar--the critics are constantly moaning about how the crass public leaves him relatively unnoticed. With that kind of buildup, he could turn out to be a letdown, but it sounds good anyway. Could be a good change of pace while you're recovering from the Clapton concert. July...

Author: NO WRITER ATTRIBUTED | Title: MUSIC | 7/12/1974 | See Source »

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