Word: railways
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...money that the relative level of effective savings, traditionally the most important pool of new capital, has not increased as fast as the economy as a whole. Another problem is competition between Government and private industry for available funds. Great Britain's current investment program for the nationalized railway and fuel industries alone totals $1.5 billion, v. $2.4 billion for the entire privately owned manufacturing industry...
...Russian virtues the fatal inability of the Russian ruling class to come to early terms with the nation's liberal professional classes. One of his daughters is an actress whose sole ambition is to play before the Czar; instead she sees his back in a railway station as he is about to make his exit from history. Another Arapov is a captain in a crack cavalry regiment, and one aspect of Russia's tragedy is seen in the inner conflict of this passionately loyal man who, amid mutiny and despair, does not know what his new loyalties ought...
...fourth largest rubber company, succeeding William S. Richardson, 63, who is retiring. Keener is slated for another early promotion, to succeed Goodrich's chairman and chief executive, John L. Collyer, 63, when Collyer reaches retirement age in September 1958. Born near Birmingham, the son of a Southern Railway conductor, Keener worked his way through Birmingham-Southern College, then the University of Chicago business school, in 1929 got a job teaching economics at Ohio Wesleyan. In 1933 he tried to go to work for Goodrich, was turned down, partly because the company was soured on college professors who drifted into...
...degree at Virginia Polytechnic Institute in 1934, President Rice got his start as a $155-a-month assistant engineer on the Pennsylvania, moved up to track superintendent by 1942, when he was called to active duty in the U.S. Army as a first lieutenant in a railway battalion and later (as a lieutenant colonel) in charge of the Army-operated Iranian State Railway in the Middle East. Returning home to the R, F & P, he helped make the line's route between Richmond and Washington, D.C. into one of the nation's most profitable runs, linking half...
Beyond the mountains, Castro's sabotage campaign damaged stored sugar, a railway warehouse, a railroad line. Bombs exploded nightly in Havana. The center of civil resistance was Santiago, where Castro has become a romantic hero. There, 26 women were arrested for marching through the streets with a Cuban flag and posters protesting the "killing of our children," and ordering Batista's police chief...