Word: traveller
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Dates: during 1960-1969
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...because the U.N. job would not have permitted him the necessary latitude to criticize the incumbent's policies. When the Vice President decided to take leave of government entirely, Nixon called on his own experience to make the move a bit easier. Remembering his dejection at having to travel back to California aboard a commercial aircraft in 1960, the President arranged for Humphrey and his wife to arrive in Minnesota aboard a presidential 707 Air Force jet-a bigger plane than he normally commanded as Vice President...
...ECONOMICS of the airline industry are complex, but if you remember any Ec 1 at all you can understand the pricing policy pursued. By far the largest group of passengers are businessmen, who account for 40 to 60 per cent of all passenger seatmiles flown. Demand for air travel in this group is relatively inelastic: even a sharp reduction in fares would not substantially increase the number of businessmen who fly--and it would definitely lose money for the airlines...
...profitable level. At the same time, of course, they want to encourage more people to fly. Lower fares can greatly increase the numbers of non-businessmen using the airlines--grandmothers, students, housewives and virtually every middle-class group in society has a very elastic demand for air travel. In Ec 1 terms, the airlines know that through fare discrimination--one fare for the elastic sector and one for the inelastic business sector--they can greatly increase both their profits and the number of people...
Despite the arguments in Youth Fare's favor -- and the airlines presented many--neither the court nor the Examiner could find a legal basis for age being used to justify discrimination. As far as air travel goes, there is nothing about the 12-22 group that distinguishes it from any other subgroup of the population--all of whom would like to fly for less...
With the nine-man team championship won, the team of Nayer and Terrell, Hobbes and Gonzales will travel to Yale next weekend to try to bring back Harvard's third consecutive four-man title...