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...Robert Joedicke, an airlines industry expert with New York City's Lehman Bros. Kuhn Loeb investment-banking firm: "Air transport is the nation's only basic means of transportation beyond 500 miles. Without air transport, you absolutely hamstring the economy." Just how much it is hamstrung will depend on the duration of the turmoil in the skies...

Author: /time Magazine | Title: The Economic Perils of Chaos Aloft | 8/17/1981 | See Source »

Fresh-cut flower markets also depend on air transport of their products. In Colorado, where about 20% of the nation's carnations are grown, wholesalers initially feared that flight cancellations would leave tens of thousands of blooms wilting alongside the runway at Denver's Stapleton International Airport. In New York's bustling flower market, blooms arrive daily from as far away as California, South America and The Netherlands, and delivery delays can mean big losses. In fact, shipments arrived as expected in most markets around the country...

Author: /time Magazine | Title: The Economic Perils of Chaos Aloft | 8/17/1981 | See Source »

...nothing can replace the laborsaving, productivity-boosting powers of commercial air transport. Like a vast and intricate nervous system for the economy, air travel has stimulated business and fostered wealth wherever planes have flown. In the process, more and more businesses have come to depend on air transport as much as aviation has grown to rely on business. That mutual dependency has brought enormous benefit to Americans everywhere, and that should continue when air travel returns to normal...

Author: /time Magazine | Title: The Economic Perils of Chaos Aloft | 8/17/1981 | See Source »

...winters, of course, almost all of the entertainers look for more formal gigs or depend on conventional jobs. Sosna plays the college circuit and says that he prefers educated audiences because they are far easier to fool, "always looking for a complicated explanation for a trick." It's little kids he refuses to confront. "Too damed perceptive." he says...

Author: NO WRITER ATTRIBUTED | Title: You Can Put Me Out On the Street | 8/14/1981 | See Source »

...slim hope that a dark-horse buyer would come forward during the two-week grace period. Otherwise the nation's capital will be left with only one major newspaper, the Washington Post (daily circ. 618,000). This was cause for mourning in a city where decision makers depend on a full and vigorous airing of important public issues. "An extremely sad day," said President Ronald Reagan. Added House Speaker Tip O'Neill: "We ought to have newspapers expressing opposite philosophies." Even the victor in this journalistic struggle did not celebrate. "The demise of the Star," said Post Publisher...

Author: /time Magazine | Title: Press: Washington Loses a Newspaper | 8/3/1981 | See Source »

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