Word: railroads
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...permits the Secretary of Defense to label as a defense facility "any plant, factory, industry, public utility, mine, laboratory, educational institution, research organization, railroad, airport, pier, waterfront installation, canal, dam, bridge, highway, vessel, aircraft, vehicle, or pipenne" from which suspected personnel may be barred or removed...
...aluminum and large portions of its glass, rubber and textiles. Last week in Lexington, Ky., Irvin Industries laid off 375 workers who make seat belts. In Stratford, Ont., the auto strike put 100 workers out of their jobs at Standard Products, which manufactures rubber parts. The beleaguered Penn Central railroad began laying off workers who normally handle shipments of G.M. cars and trucks. In a month, a million more men could be out of work across...
...railroad workers demand a 40% wage increase. Last week 45,000 workers halted trains for about twelve hours on Southern Pacific, Chesapeake & Ohio and Baltimore & Ohio railroads. The men returned to work under a court injunction, and late in the week President Nixon signed an executive order delaying any national rail strike for 60 days...
Dusty, my city: Long Island Railroad leaves me in my city, to walk dusty through streets of commuters (resentful) and cripples (dying), or risk ultimate trip (subterranean) and possible brain damage. I choose the underground; I must admit I generally enjoy the subways here (not Boston's sterile parody), in much the same way I might enjoy a roller coaster, a truly garish wedding, or a Fellini movie...
...rally from its late-May low of 631 on the Dow-Jones industrial average lost a bit of steam last week. Having climbed nearly 70 points since mid-August, the blue-chip indicator dropped nine points and closed at 762, reflecting profit taking, worry over possible auto and railroad strikes and concern about the danger of a new explosion in the Middle East. Despite the dip, analysts are generally cheerful. As the market moves into its traditional post-Labor Day period of reappraisal -both of economic prospects and of individual portfolios-many Wall Streeters think that prospects for a gradual...