Word: bonanzas
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Dates: during 1970-1979
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...page 12) goes back to the classic Army-McCarthy hearings of 1954, when he was an assistant to Joseph N. Welch, the Army's counsel. A poised and suave performer, he has brought an aura of aggressive confidence to Nixon's defense campaign. "Jim has been a bonanza for us," observes Alexander Haig, Nixon's overworked chief of staff. Haig describes St. Clair as a man who has "considerable acumen" in the highly charged and shifting political atmosphere of Watergate...
Uneven distribution of the energy bonanza is not Amtrak's only problem. As traffic rises, so do wear and tear on the 1,400 cars of Amtrak's fleet, some of them superannuated hulks in need of replacement. Amtrak executives are still choosing a design for new cars; most will not be in service before 1976. Until then, passengers on many runs face equipment breakdowns and a decline in comfort. Punctuality is also on the wane; the Metroliner's on-time percentage dropped to 63% last year from 76% in 1972, and some trains-including...
Blacks already are benefiting somewhat from the golden bonanza. Some 350,000 black miners work from 3,000 ft. to more than 12,000 ft. underground, sweat pouring off their bodies because of high temperatures and humidity. Last April the Chamber of Mines raised their minimum wages 30%, and in December it decreed a further 10% raise...
Name Problem. Yet somehow Burlington Northern has not so far made much money out of this bonanza. Operating revenues have climbed 31% since the merger, to $1.3 billion last year and net operating income has jumped 74%, to $108 million. But the firm's railroad operations are still only marginally profitable. Since the merger, Menk has managed to reduce the firm's payroll by 8% and retire 8,000 obsolete cars. But total labor costs have gone up 48%, and Burlington Northern has lacked the capital to buy enough new equipment to handle increased traffic. Last year...
...critics of the industry should look at not just the U.S. taxes but also the worldwide taxes that it pays. Exxon last year, he asserts, paid 60% of its global taxable income to various governments. The industry's defenders argue further that tax rules have given it no profit bonanza. Until last year, U.S. oil companies' profit return on investment was only about average for all manufacturing industries...