Word: transports
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Dates: during 1970-1979
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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...
...factor is that the recession severely reduced business travel and caused many family travelers to dally in making vacation plans. Finally, the slow winding down of the Viet Nam War rapidly chopped into the business of the nonscheduled airlines: Overseas National, World, Saturn and others. World's military-transport volume, for example, plunged from $51 million in 1969 to $27 million last year. Hoping to make up for these losses, the nonskeds began competing even more aggressively for passenger business over the Atlantic, offering charter-flight fares as low as $180 round trip in some instances. Today the nonskeds...
...exercise their freedom is an intriguing study in psychology. White-collar workers tend to punch in late and work late; factory men usually come early and leave early. The experiment has attracted the attention of the German government, which allows most of the 1,000 employees of the Transport Ministry to arrive and leave within two-hour margins. The Bonn Cabinet will review results and decide whether to extend staggered working hours throughout the government. Unions are paying attention too. They are asking for a 2% raise for workers on staggered hours, arguing that it is justifiable repayment for lower...
...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...
...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...