Word: panning
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Dates: during 1960-1969
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...from Waldbaum's"-and beneath it advertised extra-large cantaloupes at three for 89?. A Long Island harness-racing track accompanied a picture of an astronaut stepping off the base of an LM mockup with the advice: "Hey, finish it later-Roosevelt Raceway opens tomorrow night." TWA and Pan Am eagerly accepted a spurt of new applications for the first commercial flights to the moon; one recent booking was made by California's Governor Ronald Reagan. Medals, pennants and assorted trinkets suddenly developed a moon motif-and found hordes of eager customers...
...among the leaders in the market's decline, down as a group by 37% since the beginning of the year. The drop is accelerating: the index of air stocks fell by a startling 11% in five trading days two weeks ago and again by 6% last week. TWA, Pan American and Western Airlines skipped their second-quarter dividends because of sharply reduced earnings...
...competition is heightened by the Civil Aeronautics Board, which generously grants new routes to satisfy every line so far as possible. After ten years of investigations, reviews, reversals and reappraisals, the CAB last week brought the hotly contentious Hawaii-route case to a characteristically unsatisfactory close. Where only Pan American, Northwest and United Airlines have competed in the past, eight carriers will now vie for a share of the market. As a result, profits on the Hawaii run are likely to be marginal at best. In anticipation of the award, Western Airlines alone added 35 planes to its fleet...
Airline stocks fell especially far last week after Pan American skipped a dividend as a result of a $19 million loss in the year's first five months. Traders were further depressed by a cutback in capital spending at Chrysler and news that retail sales dropped in June for the second straight month. These indicators might bring some cheer to the Federal Reserve Board, which has been desperately looking for evidence that its restrictive money policy has produced some slowdown. But New York's First National City Bank warned in its latest economic letter that, "to hold fast...
...years that followed, he was commissioned to design the University of Baghdad and new American embassy in Athens and was selected as a consulting architect for New York's Pan American Building...