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...cost-cutting program imposed by Chairman William T. Seawell: 8,000 of 40,000 employees have been fired. By July of this year, matters were even worse. Losses were running in the $30 million range, and Pan Am and TWA, a line with even greater first-half losses but lesser troubles overall, had appealed to the Civil Aeronautics Board for federal subsidies of around $265 million for 1974 alone. In August, a desperate Pan Am declared it needed an immediate $10.1 million-a-month subsidy just to keep going, and insisted that it be retroactive to April. The Department...

Author: /time Magazine | Title: AIRLINES: Pan Am's Case for Subsidy | 9/23/1974 | See Source »

...could concur in both views but for the fact that some of these "underlings" are now serving sentences for lesser offenses than those from which the presumably more important defendants may be excused...

Author: /time Magazine | Title: Forum, Sep. 16, 1974 | 9/16/1974 | See Source »

...last June, Burlington posted profits of $27.5 million, about 20% above the same period last year. But the success has brought little harmony in the executive suite; with in a single week this summer, two executive vice presidents, Raymond E. Kassar and George L. Staff, abruptly resigned. Some 20 lesser executives have left or been dismissed in recent weeks...

Author: /time Magazine | Title: Business: Abrasion at Burlington | 9/2/1974 | See Source »

...dozen of his agents have already paid the penalty of conviction or face trial for crimes committed in his behalf? If all were pardoned in a grand gesture of healing, what of justice for such as Charles Colson, Egil Krogh, Jeb Stuart Magruder, Herbert Kalmbach, Donald Segretti and the lesser Watergate burglars who already have been imprisoned? What of justice in a historical perspective, when so many have admitted their guilt, if Nixon were allowed to cling to the fiction that he resigned only because he had lost his "political base" in Congress...

Author: /time Magazine | Title: JUSTICE: The Legal Legacy of Watergate | 8/26/1974 | See Source »

...only guess at those burdens, although I have witnessed at close hand the tragedies that befell three Presidents and the lesser trials of others...

Author: /time Magazine | Title: The Nation: Ford: Our Nightmare Is Over | 8/19/1974 | See Source »

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