Word: panning
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Dates: during 1970-1979
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...arguments to the contrary are just too immense. When the black leaders of South Africa themselves call for corporate withdrawal, I think it is fair to say that we should respect their perceptions. When the United Nations General Assembly, the World Council of Churches, the NAACP, the Pan-Africanist Congress, the National Congress of South Africa, the Black Consciousness movement, the Congressional Black Caucus, the AFL-CIO and so many, many others say "withdraw," then I wonder: upon what do we base our supposedly "moral" decision to stay...
Carter supports Kahn and holds up the CAB as an example of the price-cutting benefits of competition, but the two men are not always in accord. After the President overturned the CAB's award of the Dallas-London route to Pan American and gave that plum to Braniff, the fiercely independent Kahn openly criticized the decision and seriously considered quitting...
...start replacing obsolescent airplanes-so the big carriers have begun moving on aircraft purchases that could total $80 billion by the end of the 1980s. Last week two lines signed deals for $1.3 billion, the first sizable jet buys since the airlines' fat years of the 1960s. Pan American World Airways ordered $500 million worth of wide-bodied L-1011-500 TriStars from California's Lockheed Corp. Eastern Airlines handed the Europeans an important victory over U.S. planemakers by closing a $778 million package deal to buy 19 A300-B4 minijumbos from Airbus Industrie, a French-German-Spanish...
...orders brought delight to beautiful downtown Burbank, Lockheed's headquarters, and to Airbus Industrie's offices in cities across Europe. At Lockheed, which almost went bankrupt a few years ago, partly because of long production delays and lagging sales of the TriStar, happy executives called the Pan Am order for a dozen planes, plus an option for 14 more in the mid-1980s, the "order of the century." Johnson's Bakery, near Lockheed's offices, whipped up a cake with an icing decoration of a high-flying TriStar. Nora Winant, secretary to Richard Taylor, Lockheed...
...Great Britain, though, there was shop-floor cheering at the factories of Rolls-Royce, whose advanced RB.211 engines will power Pan Am's TriStars. To Rolls, Pan Am's initial order means $218.5 million in sales and an even richer psychological reward. Start-up costs for the RB.211 pushed the famous automaker into bankruptcy and its jet-engine operation into nationalization in 1971. Sir Kenneth Keith, 61, chairman of Rolls-Royce Ltd., believes that the future of the RB.211 program has been enhanced by the Pan Am deal. Said he: "It has been a cliffhanger. Six months...