Word: new
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Dates: during 1960-1969
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...trunk lines, wants with the money-losing carrier. St. Paul-based Northwest has earned more than $50 million in each of the past three years, flying high on routes that link the U.S. East and West coasts with the Orient. Boston-based Northeast is an odd amalgam of New England regional service, commuter runs to New York and Washington and vacation routes to Florida, Bermuda and the Bahamas. Its services to the South attract heavy traffic in the winter months, and little but heavy expenses the rest of the year...
...Northeast's jets for a bargain price and get a tax-loss carry forward estimated at $17 million for his company. Northwest, which earns most of its profits in the spring and summer, also could use Northeast's cold weather vacation traffic. In addition, Northeast's new Miami-Los Angeles run will tie in neatly with Northwest's newly granted routes to Hawaii and Japan...
Canada will continue to be the world's main supplier for the next few years, but enough new sources will be opened up by the mid-1970s to reduce the leverage of the Ontario unionists, who have a habit of striking at the expiration of each three-year contract. Inco has acquired concessions in Guatemala and Indonesia. The French firm of Le Nickel is mining in New Caledonia. Most important, recent discoveries show that Western Australia may some day rival Ontario as a "nickel province." For the moment, however, anyone who has a source of nickel can make...
...important advances in international relations this year is that the Western nations have surmounted their currency crises and, largely as a result of the French devaluation and German revaluation, entered a new period of monetary tranquillity. The world's confidence in the value of paper money is measured by the volatile free-market price of gold: the higher the price, the greater the doubts among investors as to the worth of currencies. Since, last month's upward revaluation of the West German mark, gold has dropped abruptly. From an early October level of $41.20 an oz., the price...
...group of wildly undisciplined shock troops who call themselves the La Mama Repertory Troupe,* Futz is merely a piece of fraudulent and fearsomely noisy theater of outrage. O'Horgan ceaselessly has his actresses jumping up and entwining their legs around any available male waist; and his notion of "new cinema" is to photograph scenes of idyllic love in slow motion and scenes of bestial passion through a red filter. Such effects make Futz about as avant-garde as a Head & Shoulders commercial...