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Better Risk. Pan Am Chairman William T. Seawell, who is still hoping for Government help, said that he was "heartened" by the measures. While the benefits from the plan would be longrange at best for cash-strapped Pan Am, the package might do just enough to keep the line from...

Author: /time Magazine | Title: AIRLINES: Clipping Pan Am's Wings | 9/30/1974 | See Source »

It was to be a showdown worthy of "High Noon," with Bond's 12-meter yacht Southern Cross rated as the best shot in the history of the event to wrest the awkward Silver trophy from its secure position in the headquarters of the New York Yacht Club in Manhattan...

Author: By William E. Stedman jr., | Title: 1974 America's Cup Challenge: Bond Bombs in Newport | 9/24/1974 | See Source »

A rather lucky 13 states have a generally painless form of taxation: the lottery. With tickets usually selling for 500 or $1, lotteries drum up huge state revenues. About half is spent on education, aid to the aged or other worthy purposes, and the rest is for prizes and operating...

Author: /time Magazine | Title: The Nation: Chancy Undertakings | 9/23/1974 | See Source »

Dry Well. In this situation, bankers have great powers to make or break, and they are under extreme pressures. Typically, Phoenix's First National Bank of Arizona (assets: $2 billion) does not have enough money to meet all the loan demands, and its officers must make agonizing decisions about...

Author: /time Magazine | Title: POLICY: Seeking Relief from a Massive Migraine | 9/9/1974 | See Source »

It was in his area of expertise that Nelson stumbled. He decided to cover a wall of the main building at Rockefeller Center with a mural worthy of St. Sophia, and he commissioned the Mexican artist Diego Rivera, a celebrated Communist, to paint it. All went well until an unmistakable...

Author: /time Magazine | Title: THE VICE PRESIDENCY: A Natural Force on a National Stage | 9/2/1974 | See Source »

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