Word: panning
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Dates: during 1970-1979
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...Pan Am's merger bid is approved, it has enough stock to take immediate control of the company without having to negotiate with other shareholders. Despite its majority holdings, Pan Am, which paid $42 a share, or about $186 million, for the stock, does not control National. Under a CAB dictate, all the contenders must hold their National shares in a nonvoting trust. In addition, Pan Am still has several important hurdles to clear. For example, the CAB must still give Pan Am approval after consulting with the Justice Department about whether the merger violates antitrust laws. Finally...
Carter has not in the past looked especially kindly on Pan Am. In 1978, for instance, the CAB recommended that Pan Am be awarded a new route between Dallas-Fort Worth and London. Carter rejected the recommendation. Instead, he gave the route to Dallas-based Braniff Airways in what some critics thought was a blatant political bid for support of his energy program by Texas Congressmen. In short, though Pan Am's position is substantially strengthened by its majority holding, its merger with National is not yet guaranteed...
There is now a Girl Scout badge for proficiency in roller and ice skating, and at the Pan-Am Games in Puerto Rico earlier this summer there were 16 roller events -ten of which were won by Americans...
Costs range from $50 for the cheapest models, which are like running shoes with wheels, to $400 for custom skates with high tops for maximum ankle support. Dayton-based Snyder Roller Skate Co., which outfitted the U.S. athletes at the Pan-Am Games, makes precision-built skates for professional rollers. Sales of its basic but still pricey ($109 to $175) models have risen by 30% in the past year. The roller boom has spawned a flock of sidewalk entrepreneurs who rent skates from the backs of vans. But the people who are really cleaning up, besides the equipment suppliers...
Although visitors will eat most meals in their hotels, 150 restaurants, cafés and snack bars are being built near the Olympic sites and on main thoroughfares. The new eateries will serve European food, Soviet regional specialties and such national favorites as blini (pan cakes), borscht (beet soup with sour cream) and pelmeni (stuffed dumplings...