Word: railroads
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...approve of the bill to help the railways [Dec. 24], but you do violence to the facts in characterizing it as "one of the biggest federal giveaways since Congress handed out land for a two-company transcontinental railroad in 1862." As a generation of historians has made abundantly clear, the rate reductions accorded the U.S. by all the federal grants between 1850 and 1871 brought back to the Treasury far more (some claim nine times as much) than the value of the granted lands. If the bill has a similar outcome, both the Treasury and the humble taxpayer will have...
...machinery, could reverse the Green Revolution of farm productivity that had been giving India's masses hope of being better fed. Also, the high cost of importing fuel will force the government to cut oil imports to the bone and allocate the tight supplies. The steel, fertilizer and railroad industries will receive priority, but even the railroads are building steam locomotives rather than more efficient, but oil-burning, diesels. Overall, says Sarwar Lateef, a respected economics journalist, the impact of the oil crisis makes India's five-year plan an exercise in "cuckoo-land optimism...
Contracts covering about 5,000,000 union members (including steelworkers, mineworkers, communications and electrical workers, East and Gulf Coast longshoremen, aerospace workers and railroad employees) come up for negotiation or reopening this year. The most significant bargaining, between the nation's ten biggest steel companies and 375,000 members of the United Steelworkers union, is already in progress. Last year, in what was hailed as the start of a new era in labor-management relations, the union and the companies agreed to submit to binding arbitration any unresolved bargaining issues in order to avoid strikes or expensive stalemates. Already...
...some of the $1.4 million spent at the two residences increased the value of the property but did little to protect the President. GAO officials maintain that Nixon should personally have borne at least part of the nearly $24,000 for landscape maintenance, $19,300 for building a private railroad crossing and cabana, $8,400 for property surveys, $10,600 for driveway paving and $3,800 for a new sewer line...
...aboard his yacht. The would-be assassins are a cartel of cliches: a loudmouthed, cigar-chomping Westerner, an unctuous Middle European, a fatherly Ivy League type. The movie makes their plot a matter of as much concern and surprise as whether Pearl White will be cut loose from the railroad ties be fore the locomotive flattens...