Word: prospects
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Dates: during 1970-1979
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...Gang of Four is really a criticism of the infallible Mao himself. Not so, says the newspaper. An assault on the Gang of Four is really a blow to protect the thought of Mao. Still, the paper has admitted that many people are "trembling with fright" over the prospect that they may be attacked by radicals in the future for harboring a "wrong attitude toward Chairman...
...issue of a sweeping 33% reduction in federal personal income taxes over a three-year period. Kemp argues that the cut would be such a spur to the nation's production that the Federal Government would soon recover much of the revenues lost by the cut -a prospect that critics sneeringly refer to as a "free lunch." Under Kemp's prodding, many G.O.P. candidates are seizing on the issue; this fall the Republican National Committee plans to fly Kemp and the bill's cosponsor, Senator William Roth of Delaware, to various parts of the country to dramatize...
That is something Portugal needs badly, with inflation at an annual rate of 21%, hefty loans outstanding from the International Monetary Fund and the prospect this year of 3% economic growth. The question is whether Nobre da Costa can live with a parliament dominated by parties considerably to the left of him politically. Eanes thinks that Nobre da Costa can - and since no one, including Soares' Socialists, is anxious to have elections right now, he may be right...
...surprisingly, United and Pan Am, which are two of the biggest airlines, are the most vocal advocates of deregulation. Explains Pan Am's Chairman, William T. Seawell: "The brightest and most satisfying prospect in Pan Am's future is our entry?at long last?into the American domestic market, as part of the deregulation trend." Delta and Eastern strongly oppose deregulation. Smaller and medium-size carriers are trying to line up merger partners to keep from being swallowed up by the big airlines if and when deregulation goes through. Texas International is trying to take over National. Defensive linkups...
Assertive and gregarious, Economist Kahn, a former Cornell University Professor, thrives on controversy. In an interview with TIME Washington Correspondent Jerry Hannifin, he argued that the airlines are excessively panicked by the prospect of being exposed to the full force of a competitive marketplace. "What I suspect is that there is a search for another security blanket now that the CAB security blanket is being removed," he says. Rather than harming the airlines, Kahn contends, deregulation will help many of them prosper. "We are making every carrier in this country a potential competitor of the other carriers by saying...