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...serious losses. In return for more common stock, Hughes came forward with a major loan ($10 million) to keep TWA flying. In time, he hired a gifted administrator, Ralph Damon, who got the airline back into the black by pushing low-cost tourist fares. In 1956, Damon died of pneumonia, and TWA's fortunes plunged into five more years of turbulence. By now, Hughes had virtually vanished from sight, dealing with TWA's officers by phone, often in the dead of night, or through lawyers, or sometimes not at all. Carter Burgess, an Assistant Secretary of Defense whom...

Author: /time Magazine | Title: Airlines: Caught at the Crest | 7/22/1966 | See Source »

Died. Deems Taylor, 80, music critic and composer who tried his hand at everything from chorales and concertos to musical comedy and movie scores; of pneumonia; in Manhattan. Taylor the composer was subsidized by Taylor the newspaper critic, radio commentator and author (Of Men and Music) who forever delighted readers with his breezy, irreverent approach to the art. "The test of music," he once said, "is not the mathematics behind it, but how it sounds"-a test he applied to himself in some 50 highly popular works, most notably two romantic operas, The King's Henchman (1927) and Peter...

Author: /time Magazine | Title: Milestones: Jul. 15, 1966 | 7/15/1966 | See Source »

...Texas Railroad Commission, which regulates the state's oil flow (and in turn sets the pace for 30 lesser oil-producing states), who started in the days of unlimited production and prices of 10? per bbl., quickly devised a system of monthly quotas for every Texas well; of pneumonia; in Amarillo...

Author: /time Magazine | Title: Milestones: Jul. 8, 1966 | 7/8/1966 | See Source »

...such books as Erotic Rebirth, who later turned strident nationalist, blaming Germany's World War I defeat on Masons, Jesuits and, most particularly, Jews, and toured the country in flowing robes embroidered with Nordic symbols, preaching hate and accusing Hitler of being too far left; after pneumonia; in Tutzing, Germany...

Author: /time Magazine | Title: Milestones: May 20, 1966 | 5/20/1966 | See Source »

...1930s bought as much as $9,000,000 of air time annually, and, along with wife Anne, had as many as 20 shows going in the same week, including such interminable soap operas as Just Plain Bill (25 years) and The Romance of Helen Trent (27 years); of pneumonia; in Manhattan on March...

Author: /time Magazine | Title: Milestones: May 6, 1966 | 5/6/1966 | See Source »

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