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...example, the new chief of state-owned British Airways is Sir Frank Mc-Fadzean, the former chairman of the Shell Transport & Trading Co. Further, the nationalized industries are being encouraged to bring prices in line with production costs; the Electricity Board, a state utility monopoly, has been permitted a 40% rate hike. British Steel Corp...

Author: /time Magazine | Title: BRITAIN: Edging Back from the Brink | 1/12/1976 | See Source »

...even economic. Now that average wellhead prices are above 50? per 1,000 cu. ft., the value of the new find is at least $500 million per trillion cu. ft. in Alaska, and perhaps three times that much delivered to the consumer. Thus money can be raised to transport North Slope gas. Indeed, two competing proposals-each of which would rank as among the very biggest private construction projects in history-have already been developed by competing energy companies...

Author: /time Magazine | Title: RESOURCES: The Alaskan Gas Rush | 12/29/1975 | See Source »

...while it looked as if it would be the worst Christmas ever for air travelers. Two major airlines-United and National, which together carry 28% of the nation's air traffic-were grounded by strikes, and their absence tipped the holiday-choked U.S. air-transport system into near chaos that meant frustrating delays and disappointments for thousands of air travelers. Suddenly, at week's end, there was hope that United and perhaps even National might be flying again by Christmas. Even so, strike-caused snarls were likely to plague travelers for a few more days...

Author: /time Magazine | Title: AIRLINES: Reprieve from Chaos | 12/29/1975 | See Source »

...agents, who late last week arrested Medlin in a New Orleans motel. Only $3,100 was found in his room. Medlin was turned over to authorities at a federal prison halfway house in Raleigh, N.C., where he had been serving two consecutive five-year sentences for interstate transport of stolen vehicles before escaping two months ago. Said O'Keefe, awed at Medlin's ability to flimflam network executives: "If he's a con artist, he doesn't need to be in crime. He should be in Hollywood. He would be making a million dollars a year...

Author: /time Magazine | Title: The Press: Flimflam Man | 12/22/1975 | See Source »

...power, Muldoon's National Party will probably try to dampen inflation and reduce the $970 million balance of payments deficit by imposing import restrictions and reducing or eliminating subsidies aimed at protecting consumers from rising transport, postal and electricity costs. Promising "a year of belt tightening," Muldoon could be in for rough times with organized labor...

Author: /time Magazine | Title: NEW ZEALAND: Looking into Mirrors | 12/15/1975 | See Source »

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