Word: thrifting
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Though the strike caught the airlines at the seasonal peak of their biggest year ever, they still managed to plug a good many of the gaps in service to 231 cities. Pan American, for example, substituted cramped thrift-class seats for spacious first-class accommodations on all its New York-San Juan flights so as to squeeze aboard 200 more people a day each way. American halved service between New York, Syracuse and Rochester in order to add nine flights a day between New York, Cleveland and Washington. Mohawk Airlines stepped up its schedules where American cut back...
...York. As long as Freedom National wants to feel sure that these funds will not be withdrawn from its vaults, it cannot afford to take open stands on social issues. In Haryou's language, what appeals to the black masses alienates the white power structure. Hudgins' church sermons on thrift, followed by solicitations, cannot spark the same kind of enthusiasm which could be generated by playing up the fact that Freedom National has no investments in South Africa, unlike most of the larger New York banks. Fear of their white depositor's antagonistic reaction to publicity of this fact...
...savings banks and $746 million from 6,200 savings and loan associations, the largest losses in history for both. Though the loss amounts to less than 1% of the $111 billion that 40 million people keep in savings and loan associations, it prompted cries for help from thrift officials, spurred a congressional investigation and led the Johnson Administration to propose legislation to cool the rate race...
...York. As long as Freedom National wants to feel sure that these funds will not be withdrawn from its vaults, it cannot afford to take open stands on social issues. In Haryou's language, what appeals to the black masses alienates the white power structure. Hudgins' church sermons on thrift, followed by solicitations, cannot spark the same kind of enthusiasm which could be generated by playing up the fact that Freedom National has no investments in South Africa, unlike most of the larger New York banks. Fear of their white depositor's antagonistic reaction to publicity of this fact...
...Puritan tradition, it is hard to detect. Perhaps its strongest remaining element is what sociologists call the "work ethic." Executives and businessmen seem to work harder than ever (and certainly harder than the average union members), and so do students, whatever their other diversions. At the same time, thrift is no longer a virtue-it is, in fact, nearly subversive-pleasure is an unashamed good, leisure is the general goal and the subsidized life, from Government benefits to foundation grants, is eagerly welcomed. Such notions as waiting to marry until one can support a wife now seem incredibly quaint...