Word: panning
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Dates: during 1970-1979
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That particular job offer didn't pan out, but Baxter plans to leave Harvard anyway this fall. "I'm gonna go where I'm going," he says, "and I'll be looking for a range of things from government to industry. There are potentials I haven't even explored because I've been at Harvard." Unlike many others, Baxter's story, at least to date, ends on an upbeat note. "In a way, I appreciate the way things worked out," he says. "I'm fortunate the job market has been so tight--it forced me to ask some question...
...Montano, twice the world champion, doubted tales that Pawlowski had been accused of espionage. "It is not the sort of thing one would expect of Pawlowski," said Montano. "He is so correct -a gentleman very much in the tradition of fencing." Added American Fencer Jack Keane, captain of the Pan American fencing team, who has often competed with Pawlowski: "He is such a Polish patriot; he would no more betray his country than he would his sport...
Skimpy Profit. Pan Am will not be grounded-at least not immediately. A small tax credit and changes in accounting methods enabled the airline to show a skimpy profit of $4 million for the second quarter. Through rigid cost-cutting measures that included reducing employment by 3,100, Pan Am has lowered its break-even point from a too-high 58% of seats filled to an acceptable under 50%. Still, the airline slipped back into the red by $4.7 million during June, and a huge loss for all 1975 appears inevitable. A new crunch will come in the fall, when...
Before long, too, the Government will have to make up its mind what help, if any, it is prepared to extend to Pan Am and the other major U.S. international airline, TWA (which lost $86.8 million in the first half of 1975). One senior Pan Am executive has constructed what he calls a "prayer mat": a graph that contrasts the lavish government benefits received by foreign airlines with the absence of any special assistance to Pan...
...Pan Am will soon be laying the prayer mat before Administration and congressional investigators. Secretary of Transportation William Coleman has ordered a study of Pan Am and TWA to consider all possible solutions. Among them: federal subsidy (which the two lines were denied last year), a forced TWA-Pan Am merger, or dismemberment of Pan Am and allocation of its foreign routes among domestic U.S. carriers...