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...price of everything else seems to be going up, why are North Atlantic air fares coming down? One reason is that they have long been overpriced, and a reduction is overdue. International fares usually have to be agreed upon unanimously by the 108 members of the International Air Transport Association (IATA), with the result that the least efficient, highest-cost carrier sometimes vetoes lower fares. The only exception to the unanimity rule occurs when an airline is "ordered" by its government to make a fare change. Sabena recently used that loophole to introduce the youth fares...

Author: /time Magazine | Title: Business: Exodus 1971: New Bargains in the Sky | 7/19/1971 | See Source »

...copper properties that are to be nationalized by the Chilean government. Accordingly, Washington has adopted a stance of calculated ambiguity toward Chile. Last week the Administration decided to grant Santiago $5,000,000 in credits for the purchase of paratroop equipment and a $4,000,000 C-130 military transport. It was the first new military aid since the Allende government came to power last October...

Author: /time Magazine | Title: FOREIGN AID: The Politics of Leverage | 7/12/1971 | See Source »

...unleash an arms race" in Latin America. That did not, of course, keep Allende from accepting $5 million worth of U.S. State Department military-assistance credit last week for Chile's own armed forces. The money will be used to buy a Lockheed C-130 transport aircraft and paratroop gear...

Author: /time Magazine | Title: EXPORTS: New Muscle in Arms | 7/12/1971 | See Source »

...department, for example, refused to make public the list of military installations where liquor is sold to servicemen by the bottle. The Army once classified as a military secret a modern adaptation of the bow and arrow. The Air Force stamped secret on pictures of the interiors of transport planes that had been remodeled with plush lounges for the comfort of traveling brass. The Navy put a secrecy stamp on a report of attacks by sharks on seamen, even though they took place in New York Harbor (where few people swim any more) in 1916. When one of the Joint...

Author: /time Magazine | Title: The Nation: The U.S. Mania for Classification | 7/5/1971 | See Source »

After more than a quarter-century of flying in tight formation, the 108 scheduled airlines that make up the International Air Transport Association are girding for their toughest dogfight. Solidarity started crumbling late last month when a dozen carriers began advertising $199 to $220 round-trip youth fares between the U.S. and Europe, lopping as much as $253 off regular peak-season "economy" prices. Now there are reports that the "big four"-Pan Am, TWA, Air Canada and Britain's BOAC-will quit IATA if the cartel does not approve even broader price reductions for people of all ages...

Author: /time Magazine | Title: AVIATION: Air- Fare Warfare | 7/5/1971 | See Source »

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