Word: railroads
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Richest Deal. On paper, the offering had the potential of becoming the richest real estate deal since Railroad President lames Gadsden bought part of Arizona and New Mexico from Mexico's President Santa Anna. Penn Central spokesmen suggested that they might collect as much as $1.2 billion, but others were doubtful. Says one top Manhattan developer: "Some of the parcels are good income producers and should be snapped up by institutional investors. Others have value only to those who are prepared to spend millions to buy out existing leases and construct new buildings...
...railroad officials tried to block the view of television cameras by holding up a large wooden board. A young woman reached through the railing and poked one of them in the nose. As the bewildered official retreated, another woman shouted: "Coward! Fighting with a woman...
...antenna that turned on wheels cannibalized from a Model T Ford, was made 40 years ago by a Bell Labs scientist named Karl Jansky. In contrast, the new German instrument is a model of engineering sophistication. The entire telescope can be rotated a full 360° on a circular railroad-type track in only nine minutes. Its plate-and-mesh reflector can be tilted 90° from a point directly overhead to the horizon in only half that time. Furthermore, the telescope has been so meticulously designed that the stresses caused by such movements deform its reflector by no more...
...relationship between living organisms and their technology." The first place winner will be given a trip to Washington. D. C. to receive the "Golden Fox" award, named in honor of the fox of Kane County, Illinois who has been harassing polluters. His actions have included hanging on a railroad bridge a 60 foot banner that said, "We're involved-in killing Lake Michigan, U. S. Steel." He has also blocked industrial drainage systems, scaled off polluting smokestacks, and dumped the effluent of a corporation in the lobby of its headquarters...
Whiplash. Both President Nixon and members of Congress have made proposals that would accomplish the latter, but none has worked hard for actual passage. The Administration plan, which is acceptable to railroad management and violently opposed by the unions, would provide for a three-man board to choose between the final offers made by both sides. The Democrats' Williams-Staggers bill would allow unions to strike individual railroads. But rail executives fear that under the plan unions would hit wealthy lines for high settlements that hard-up lines then would be whiplashed into meeting. A.F.L.-C.I.O. President George Meany...