Word: third
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Dates: during 1970-1979
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Success is the root of the problem. More than one-third of all passengers now fly on cut-rate fares, 20% to 50% below regular tariffs, and most would not be aloft without them. The bargains have been brought about by President Carter's plan for the eventual deregulation of the airlines. As a first step, the CAB, in the past wary of cut-rate fares, has been approving almost all applications. The nation's twelve major and ten regional airlines of fer at least 26 separate bargain fares, under such catchy names as Chickenfeed and Peanuts...
Poor management failed to respond to competition, first from European neighbors, and more recently from Third World countries where labor costs are lower. To keep C.I.T.F. going, Boussac mortgaged more and more of his possessions, which include race horses, half a dozen chateaux and the morning Paris newspaper L'Aurore. Finally, unable to borrow further, he reluctantly allowed the company to be taken over by a court-appointed receiver who will decide what, if anything, can be done to salvage C.I.T.F.'s 11,500 jobs. Last week, in an effort to keep C.I.T.F. alive, Boussac offered to give...
...controversial decision to allow the joining of the nation's seventh (Jones & Laughlin) and eighth (Youngstown) largest steelmakers into what will become the third or fourth biggest clearly hinged on Lykes' doomsday prediction. That prophecy could have proved self-fulfilling, because customers, suppliers and creditors all began to abandon the company for fear it would collapse. Bell rejected his own in-house advice that Lykes could be saved and competition maintained by selling assets to raise cash. The weakness of the company, he said, "led me to conclude that Lykes faced a grave probability of a business failure...
...Third, instead of fighting the other meat exporters, notably the Australians, the U.S. should join with them in pressing for large increases in meat quotas by Japan and the Common Market...
...court's civil appeals management plan, opposing lawyers are routinely brought together to explore the possibility of settling the case before the circuit court judges will even hear it. As a result, the number of cases settled or withdrawn before hearing last year in the Second was one-third higher than in the other circuits. If the case goes forward, further separation of wheat from legal chaff occurs. Purely technical motions that may obscure issues or delay hearings are quickly resolved. In simpler cases, lawyers are urged to make their points in typewritten "letter briefs" of no more than...