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...then, did we get such a tab for toting around a President? Unlike a Roman noble, Ronald Reagan didn't even ask for the new plane. He loves the one he's got ("better than any office I have"). But by 1990 the 707s will become almost extinct by factory decree. Spare parts will be scarce, the engines too noisy for flight rules. Reagan's 707 has 1,024,897 miles and 42 countries on it. A lobbying effort for this big bird was mounted back in Lyndon Johnson's time by the Air Force, the Secret Service, the White...

Author: /time Magazine | Title: The Presidency: The Loftiest Chariot | 7/21/1986 | See Source »

...many companies can reap handsome profits by giving away everything they produce. But in the newspaper business, an enterprising group of publishers is doing just that. By relying solely on advertising revenues, their papers prosper without charging readers a cent. From the suburban Boston Tab (circ. 150,000) to Berkeley's East Bay Express (circ. 45,000), free newspapers, most of them weeklies, are finding lucrative editorial niches and providing a sprightly alternative to established dailies...

Author: /time Magazine | Title: No Money Down | 7/14/1986 | See Source »

Free papers often try to complement rather than compete with big-time rivals. The Newton, Mass.-based Tab, which gives away most of its copies but also sells a few thousand on newsstands every week for 25 cents, leaves foreign policy and national affairs to the prestigious Boston Globe. Says Tab Editor Russel Pergament: "The key to our success is that we're relentlessly local." In most cases, free-paper editors carefully tailor their stories to readers' tastes. Berkeley's East Bay Express, which operates out of the former headquarters of the Black Panthers, caters to young urban professionals...

Author: /time Magazine | Title: No Money Down | 7/14/1986 | See Source »

Curbing the deductibility of business entertainment. Though few business executives still drink three martinis at lunch in these days of white wine and Perrier, they continue to run up huge bills. The committee's plan would allow businesses to deduct only 80% of entertainment expenses, instead of the full tab. The restaurant industry warns that the tax-reform proposal could eventually cost the jobs of some 1.3 million waiters, busboys and other workers. But business analysts think that any cutbacks in corporate let's-do-lunching would be largely short-lived...

Author: /time Magazine | Title: Thumbs Up for the New Tax Plan | 5/26/1986 | See Source »

...wings. Indeed, the ancient Romans used geese as guards. The web-footed sentinels are said to have saved Rome by raising a noisy commotion as the Gauls approached the city walls in 390 B.C. What is more, the entire goose patrol will cost the Army about half the annual tab for a single trained guard...

Author: /time Magazine | Title: West Germany: Enter the Goose Patrol | 5/26/1986 | See Source »

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