Word: travel
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Dates: during 1950-1959
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...Space Age, Aldous Huxley, one of its prophets, has sent a message: "Have second thoughts, will not travel...
Painter Ollie Harrington, who earns his living as a cartoonist for the Pittsburgh Courier and other Negro newspapers, enjoys the freedom to travel. "I like to swim and ski and deep-sea fish, all strictly restricted in the U.S. Here I can step into my car and drive wherever I like, certain that at the end of the day I will find a good hotel and a good restaurant, and that I can sit down without attracting the slightest attention, or exciting curiosity. In Sweden, that's still another matter; they run after you there. I can do without...
Touch & Go. At war's end Smith returned to American, convinced that the great strides made during the war in air transport would bring on the air age and a huge new air-travel market. Just as he had worked with Douglas on the DC-3, he encouraged the firm to build the four-motored, long-range DC-6s, boldly ordered a fleet of 125 DC-6s and shortrange, two-engined Consolidated Vultee CV-240s. As usual, he showed himself a master at timing and bargaining. So eager was Consolidated (now Convair) for orders to relieve its postwar slump...
...year or two, it looked as if he had speculated wrongly about the future of air travel, had dangerously overexpanded. A subsidiary, American Overseas, had started transatlantic flights and lost money with almost every planeload. Domestic air travel did not expand nearly so fast as Smith expected. In the first three postwar years, American piled up losses of $6.7 million...
...financing provided the money to ride out the postwar ups and downs. When the travel boom did arrive, American was in better shape than any other line to meet it. Like any good gambler, Smith decided to cut his losses on American Overseas by selling it to Pan American for $10.7 million. In 1949 American broke through the dark clouds with net earnings of more than $7,000,000. Thus encouraged, C.R. took a squint into the future and decided to expand again. He placed the first order for 25 of Douglas' big, fast DC-7s, which...