Word: virtualization
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...three-network bidding for the rights. This time, NBC was already locked into a fiveyear, $36 million deal with the rival American Football League, and so out of the picture; and ABC, which had just committed $15.6 million for two seasons of college ball, was "not terribly interested." The virtual elimination of the competition, however, did not necessarily make it a buyers' market for CBS. For one thing, the National Football League could peddle television rights to an ad hoc sports network on a station by station basis (as has been done frequently for golf tournaments). For another...
...have contributed to the reduction. But helicopter lifts are by far the biggest. After the high-grade first aid at the front line, there is always the helicopter that takes the wounded, whether American or South Vietnamese, on their next quick trip. Slow and bumpy ambulance rides have been virtual ly eliminated by the ungainly choppers that brave everything from bullets to a sheet of monsoon rain, day or night. "Man, that chopper's roar don't bother me a bit," said a young marine last week as he watched a noisy Huey land to pick...
...hooted at the idea-but they changed their tune when the Cardinal organization produced Rickey's famed "Gashouse Gang" managed by Frankie Frisch and featuring Dizzy Dean, Ducky Medwick, Leo Durocher and Pepper Martin. With as many as 32 minor-league teams operating full blast, Rickey had a virtual monopoly on young talent. The Cardinals won the World Series in 1926-and over the next 16 years they went on to win five Na tional League pennants and three world championships...
...Lord Coal managed to turn a modest $3.9 million profit, but rising competition, casual labor practices and overoptimistic expansion soon reddened the ink again. "If we were a private corporation," admits Robens, "the stockholders would have been bankrupt a long time ago." The government's protective measures (a virtual ban on coal imports, a twopence-per-gallon tax on oil) have been to no avail. And, despite promises that they will get new jobs, the 120,000 miners who will be thrown out of work by the pit closures are no longer sure that Alf Robens is their best...
...reported last week that consumer prices edged up again in October to a record 110.4% of their 1957-59 level, bringing the gain in the past year to 1.8%. Unemployment fell to an eight-year low of 4.2% in November, just a bit away from what the Administration considers virtual full employment. Still, the U.S. does not yet have classical inflation-a sustained price rise of more than 2% a year. Industrial production is rising faster than the supply of money required to absorb it, and wage gains have stayed comfortably ahead of price increases (see chart...