Word: year-round
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...cash to Webb & Knapp. With the purchase of the debentures, Webb & Knapp will have further control over Freedomland and an $18.5 million stake in it. The park will be run by officials appointed by the real estate firm. By taking over the midtown Manhattan hotels, Freedomland will have a year-round income, hopes to be able to offset hotel profits with playground losses...
Hailed as "the new Liszt" at 19, Michelangeli has toured erratically and temperamentally, but today, at 40, is known chiefiy among other leading pianists. Perhaps his most important work: his year-round classes for hand-picked students from all over the world. At his summer home in Arezzo near Florence last week, Michelangeli was presiding over his latest international class of 34, enforcing iron discipline but treating musical problems with immense patience. He can dismiss a student at a moment's notice if he fails to show the "talent and good will"; yet he never takes fees from those...
...partial remedy for much heart disease, and the preventive for many premature deaths, Dr. Raab believes, is to be seen in thousands of Russian kurorty, where workers go for intensive physical training and reconditioning. West Germany has followed suit, with a dozen year-round centers for elderly and sedentary men. Will U.S. men voluntarily hit the shoe-leather trail? Dr. Raab doubts it and fears legislation may be needed to compel them...
...pushing its debt too high, expanding without careful study, Capital has been in competitive trouble for years and usually looked to CAB for help. The last time was in 1958, when CAB bailed out Capital by giving the line access to the lucrative Florida market, with a run from Buffalo. Cleveland, Pittsburgh, to Jacksonville and beyond. Object of the move: to keep Capital off subsidy for all time. Yet the line could not make the long-haul run pay off. Its year-round traffic estimates were too optimistic: its stations in four Florida cities cost more than they were worth...
...about the growth of Soviet missile power, it has underscored one certainty about present-day U.S. deterrent power: the U.S. deterrent is only as good as its reaction time. Today, the free world's one great deterrent is the Strategic Air Command's 24-hour-a-day, year-round ground alert system, a wonder of organizational achievement that keeps a rotating one-third of SAC bomber forces so sensitized that they can get off within 15 minutes' notice from any one of at least 65 SAC bases on the globe. Last week TIME Correspondent Ed Rees reported...