Word: tobacco
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Dates: during 1960-1969
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...George ("Gabby") Hayes, 83, who played the whiskery, whisky-soaked sidekick to the heroes of some 200 horse operas during his 32-year movie career; in Burbank, Calif. Though a tenderfoot from the old vaudeville circuit, Gabby became a paradigm of the comical coot who sprayed Bad Guys with tobacco juice and such shattering epithets as "You goldarned son-of-a-prairie varmint!" He made 22 Hopalong Cassidy films with Bill Boyd, rode with Roy Rogers and Gene Autry, and nearly stole the show from John Wayne in the classic Tall in the Saddle (1944). Said Hayes: "Gabby...
Sales Down. The Tobacco Institute, spokesman for the industry, called the FCC's proposed ban "arbitrary in the extreme." A number of Congressmen from North Carolina, Kentucky and other primary tobacco-growing states also raised objections. They had some important economic arguments. Altogether 18 states raise tobacco in significant amounts; millions of Americans are somehow involved in tobacco growing, processing or marketing; cigarettes last year contributed $8.4 billion to the gross national product and $4.1 billion to federal and local taxes. Beyond that are the intricate legal and moral questions of whether the Government has the right to limit...
...year-old General Agreement on Tariffs and Trade, to which the U.S. subscribes. Under GATT rules, the U.S. can neither match such export subsidies nor raise similar import barriers because it relies chiefly on other forms of taxation. Except for excise taxes on a few items-autos, alcohol and tobacco -the U.S. has no value-added taxes...
...Tobacco Road. An end to the popular, if only moderately profitable service would be another setback for Eastern, which is the most sorely troubled major U.S. airline. It ran a deficit of about $10 million in 1968, and few airline analysts expect it to fare much better in 1969. The price of its stock has dropped 50% since...
Eastern's main problem is that it is a relatively short-haul carrier. It generates 45% of its revenues within the crowded Golden Triangle and much of the rest from the short hops that Former Chairman Eddie Rickenbacker once characterized as "Tobacco Road stops." Fare structures are generally less profitable on short hauls than on longer flights. And Eastern's concentration on densely traveled routes has left the carrier vulnerable to the traffic congestion that the FAA is desperate to alleviate; delays cost the line $6,000,000 more last year than...