Word: steamships
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Provided the student can play his way and can locate a steamship berth in the three or four ships now beating toward Le Havre, the French Government will greet him with arms open wide. Special arrangements are available for housing and the longer he plans to stay in the country, the better the chances he has for a suitable place to stay. But the condition of French economy is deceptively sound and while there is food enough to handle all expected tourists, there is certainly none to spare. The tourist compensates for his food consumption by his usually large outlay...
...steamship lines have been barred by CAB from operating scheduled airlines to foreign points, though foreign lines can do so. Last week Mobile's aggressive Waterman Steamship Corp. got around CAB. Through its subsidiary, Waterman Airlines, Inc., the steamship company made a deal to get control of TACA Airways, S.A., shaky Central and South American airline system (TIME, Dec. 31, 1945). As TACA is incorporated in Panama, it is beyond CAB's authority. Yet recently, under the reciprocal rights granted foreign lines, TACA was given the right to operate out of Miami and New Orleans on its routes...
...going concern today. In three years it has lost close to $4.5 million; last year's losses alone were approximately $2.6 million and were one of the big reasons that hard-pressed T.W.A. was glad to get out. But by tying the line in with Waterman's steamship operations from Gulf ports, Jack Thornburg thinks that he can get TACA flying high again. And Waterman also hopes to show CAB that steamship companies can operate an efficient, economic sea-air service...
...steamship Rossia wallowed in the fog at Marseilles' rickety pier G. At her stern, a red flag hung limply in the November drizzle; on her funnel was the hammer and sickle.* Above the monotonous slap of the waves came occasional harsh orders, the melancholy strains of a Russian song...
Fruits of Indigestion. Among its $20 million assets, W. & K. now owns hotels, apartments, a nightclub (Manhattan's glittering Monte Carlo), shipping piers, warehouses, a steamship company, shopping centers in Denver, Houston and Atlanta, a nine-mile railroad and a 2,300-acre oilfield in Louisiana (one well came in last fortnight from a depth of 10,000 ft.). To avoid pyramiding, each new permanent project has been financed independently...