Word: cabs
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...Canadian Diplomat Herbert Norman, who killed himself in Cairo after a U.S. Senate subcommittee revealed that he once had Communist connections, inspired bitter diplomatic notes and an outburst of anti-U.S. editorials. Proud that their currency is robustly solid, Canadians are furious when some U.S. shopkeeper or cab driver turns down a Canadian dollar: "It's worth $1.05!" they protest in frustration...
Many of the experts responsible for advising CAB's five-man policy board argue that U.S. airlines are not so badly off as the operators claim, that the net operating income of previous years-a fat $224 million for 1955 and 1956-should carry the lines through any turbulence in 1957. Even this year, say the critics, U.S. domestic trunk lines will fly an estimated 41 million passengers, 10% more than the 1956 record, and enough to assure possibly a 20% return on investment v. the standard 8% return CAB considers "reasonable...
...last week, virtually the entire U.S. aviation industry lined up in support of the two bills to help the equipment-starved feeders get the planes they need. Though no one is sure how Congress will vote-or even if the bills will get out of committee this session-the CAB is solidly behind the Senate proposal for guaranteed loans to the feeders. The bill would guarantee up to 90% of any private loan up to a maximum face amount of $5,000,000 for each company, and estimates are that the lines will need a total $60 million...
...amount a man makes on his regular job does not necessarily determine whether he moonlights. It is the amount he wants to spend. Said a Chicago white-collar worker who drives a cab as a second job: "If you want to have a family and kids and a car and a house and TV, either your wife works or you work double." The California Teachers Association studied moonlighting among 17,000 male teachers under 30, found that 10,000 held other jobs, checking in supermarkets, clerking in clothing stores, selling insurance, etc. Among the married, the proportion ranged...
EASTERN AIR LINES will get first nonstop U.S. flag route from New York and Washington to Mexico City, worth $21 million yearly in ticket sales. CAB will take unusual step of revoking its examiner's suggestion that route go to Pan American World Airways...