Word: panning
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Dates: during 1970-1979
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...settlement under which Standard Oil of California agreed to pay $2 million in lost wages to 160 older persons whom it had discharged, and to offer to rehire 120 of them. The settlement far exceeded the biggest previous award under the law: $250,000 paid to 29 employees of Pan American World Airways...
...devoted to U.S. and Canadian ethnic groups and their crafts. In one section, aromatic with Scottish haggis* acooking, clansmen show how to make bagpipes, boots, quilts and kilts, and invite youngsters to join in. In another section there are Indian tepees and longhouses, and a sluice where kids can pan for gold...
...thousands of everyday products, and roughly a hundred new ones appear on the market each year. Pot holders, ironing board covers, draperies, rugs, movie screens, electrical tape, automobile brake linings, vinyl floor tiles and metal alloys contain asbestos, as do a whole host of plastic articles ranging from frying pan handles to playdough. The asbestos-cement industry is a principal user, employing asbestos in the fabrication of shingles, insulation and plastic board, pipes, roadways, sidewalks, asphalt and almost every other fireproof or high-friction cement product. No satisfactory substitute has yet been discovered...
Under normal circumstances the ruthless paring would have flown Pan Am back into the black. Indeed, until the fourth quarter of 1973, the company was headed for a modest profit. But the promising climb turned into another tailspin when fuel prices began to rise, and Pan Am wound up 1973 with an $18.4 million loss. In the last three months of 1973, fuel leaped 8.8? per gal, to 23.3?, adding $31.4 million to Pan Am's bills. This year the company predicts that fuel will average more than 35? per gal., lifting the company's expenditures...
Equal Footing. Seawell contends that the only long-run way out of the bind is a combination of subsidies to cover increased fuel costs and a major restructuring of the U.S. international air system. Both are needed, he maintains, to put Pan Am and T.W.A. on an equal footing with foreign competitors, most of which are nationally owned and totally subsidized. Foreign competitors also benefit from discriminatory landing fees and route restrictions that deny U.S. airlines access to profitable routes...