Word: telegraphs
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...celebrated troubles with broken equipment, overloaded circuits, inept operators and backlogged demands for service, American Telephone & Telegraph has retained the admiration of most businessman for its managerial skill. Now the flaws in performance are prompting the Bell System's critics to question management's ability to plan ahead. Last week Federal Communications Commissioner Nicholas Johnson, one of A.T. & T.'s most outspoken detractors, charged that, instead of finding innovative ways to increase telephone usage and company revenues, A.T. & T.'s managers have adopted policies that "simultaneously produce higher prices and worse service for the public...
Though the government ordered state-owned TV to carry no news of the insurrection, the revolt steadily picked up steam and sympathy. Two weeks ago, Italy's conservative C.I.S.L. labor union called a general strike in the Reggio area. Port workers, post office clerks and telephone and telegraph employees left their jobs. When railway workers followed last week, the 10 million people in Sicily and the toe of the Italian boot were virtually cut off from the rest of the ''country. Barricades and wrecked tracks forced trains from the north to halt two hours short of Reggio...
...this cleared a few heads, blew a few minds, and raised a lot of consciousnesses. Kids who went to Europe returned appalled and nauseated by the generally carnivorous attitudes of the continental man on the street. Some who went to California said it was better than Cambridge, except for Telegraph Avenue which was worse, and the ones who stayed in New York had no fixed opinions on street life whatsoever, having been forced to stay indoors all summer to avoid death by smog poisoning. There were also, of course, hundreds of kids dispersed across the country, picking watermelons in Georgia...
...summer borrowers have been waiting for evidence that a drop in interest rates would turn out to be the real thing rather than a temporary flutter. Last week they got a strong sign as the bond market passed a critical test. On a single day, New England Telephone and Telegraph and International Harvester simultaneously floated issues totaling $275 million, a financing load that in almost any week earlier this summer would have depressed bond prices and sent interest rates soaring again. Somewhat to the surprise of underwriters, nearly all of the bonds were sold promptly, and interest rates stayed down...
...Newport. The fad seems to have blossomed on the West Coast, in Los Angeles and San Francisco, and has reached its full glory along Berkeley's Telegraph Avenue, the Fifth Avenue of the counterculture. There the variety is dazzling, further enhanced by the almost universal adoption of the braless look. Manhattan's lively East Village is another showcase for the undershirt underground, but the shirts are no longer the exclusive property of the kids. In the swank summer resorts of East Hampton, Southampton and Stonington, Captain America shirts are showing up. At the America's Cup races...