Word: panning
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Dates: during 1960-1969
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...preview of how the U.S. city's air transportation facilities will be organized in the future was given last week with the announcement that New York City is planning two new, stamp-size, in-city landing facilities. Already Manhattan provides a direct helicopter service from atop the Pan Am building that hurdles the traffic on the way to the major airports; and it boasts a scattering of private copter pads, including one for the two-state Port Authority. Mayor John Lindsay uses the fire department's East River pier or the lawn of his official residence at Gracie...
Soon the convenience of such close-in facilities will be available to a far wider public. Preliminary approval has been given to Pan Am's proposal to build a new heliport at 61st Street on the East River, which will service both private and commercial copters. Pan Am and New York City are also planning to build a 2,400-ft.-long runway out over the Hudson River between 59th and 68th Streets to handle S.T.O.L. (short takeoff and landing) planes that can carry up to 60 passengers, fly off airstrips as short...
...secret for the perfect omelet? Simplicity itself, says he. The eggs should be at room temperature, and they should be beaten lightly or the omelet will toughen. Don't allow the butter to brown, use at most just a pinch of salt, and be sure the pan is hot. Cook for precisely 15 seconds, stirring briskly in a circular motion with the side of a fork. Except for dessert omelets, he adds one special ingredient: Tabasco sauce. The later the night and the more the drinking, says Stanish, the more Tabasco...
...just ended, the airlines outdid themselves. Operating revenues rose 23% to $7 billion, and traffic gained 25% to 100 billion revenue passenger miles (the number of paying passengers multiplied by the distance flown). Yet the faster the airlines grow, the more they must strain for funds to finance tomorrow. Pan American World Airways last week obtained $180 million through 25-year notes placed with 50 institutional investors; at the same time, United Air Lines arranged to borrow $200 million from eight life-insurance companies until 1990; two weeks ago, Trans World Airlines negotiated $324.6 million of new loans from banks...
...fare increase for short hauls. The industry's profit problems battered the price of airline stocks last year as institutions unloaded major holdings. From their 1967 highs to last week's close, Eastern Air Lines fell 23% to $46.75, United 24% to $66, American 31% to $33.75, Pan American 35% to $23.88 and Northwest 36% to $86.50. TWA shares dropped from $90.75 to $50.63 for a 44.2% loss and Braniff's sank 44.8% from $84.25 to $46.50. Despite their soaring prospects for the long run, the airlines are in a spell of turbulent financial weather...