Word: rent
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Dates: during 1960-1969
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...BOAC (12.6%). During the traffic-heavy summer months, efficient, unsubsidized carriers like Pan Am and TWA can gross $27,000 on a typical flight, earn $15,000 per trip-an operating profit of 55%. Even such heavily subsidized national airlines as Alitalia and KLM, which spend lavishly for high-rent offices and other promotion, can earn about $7,000 per flight during the summer, though slower sales in winter put some of them...
Less Airmail. The company has bought, stripped to its brick walls and wholly refurbished a 62-year-old, 24-unit tenement, then rented three-fourths of the resulting modern apartments to tenants who had lived there before. Workmen are giving the same treatment to another six-story shambles next door, and four more tenements in the block are in line for similar rescue. Rents, of course, have risen. The rent-controlled apartments once brought $20 to $40 a month. After renovation, U.S. Gypsum collects $65 a month for efficiency apartments, $78 for one-bedroom and $85 for two-bedroom units...
That is high rent for a squalid neighborhood, but most of the tenants somehow scrape up the cash. They also take pride in keeping their new oasis tidy: the eight cans a day of "airmail"-garbage hurled out the window-have now shrunk to only one. To earn rapport with tenants accustomed to being disregarded, U.S. Gypsum assigned Salesman Warren Obey as fulltime project manager. "When Warren came here," says longtime tenant Zion R. Paige, "he had three strikes against him. He was white, he was with a big company, and he was telling a story. Everybody around here...
Europe-minded Europeans can tune in Eurovision on TV, rent a Europcar, invest in the Eurofund. Their Eurocrats, helped by Eurogirl secretaries, run the Euromart in Brussels. And then there is the Eurodollar...
...avoid the label of Administration rubber stamps, are increasingly unwilling to support the President's proposals. All Johnson's talents of persuasion have not been able to give the Administration anything more than the narrowest victories for its two most original recent programs, the Teacher Corps and the Rent Supplements Bill. Moreover, these bills had to be so watered as to cripple them both. House Ways and Means Chairman Wilbur Mills, a weathervane of Congressional opinion, felt free to kill Johnson's bid to lower tariff's to Eastern European nations even before it could obtain a sponsor...