BRITAIN: Pay Now, Fly Never

Businesses fail every day, but seldom with so reverberating a crash as the one that has just accompanied the collapse of Court Line, Britain's second largest travel firm. Some 49,000 British tourists, mostly members of the working class, were stranded throughout Europe, the Soviet Union and North Africa. Another 100,000 had to stay home; they lost not only their holidays but perhaps $15 million which had been prepaid, often with life savings. "We've slaved, actually slaved, for a whole year, cutting down on everything from milk to the pictures," sobbed one London...