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Even as national public-transit ridership hits levels not seen since the 1950s - the decade when the new interstate-highway system began siphoning travelers off trains - federal funding has not risen in step, leaving the biggest systems struggling to pay for the very capital projects that could improve performance and safety. Meanwhile, the major U.S. cities that are most dependent on public transit - such as New York, Chicago, Boston, Philadelphia and Washington - receive a progressively smaller percentage of the federal funding that is available. The combination of increased ridership - triggered at least in part by higher gas prices, which...
...YORK, N.Y. — BookExpo America didn’t seem like the dregs of a dying industry. BEA, North America’s largest convention of publishers, authors, and printers, looked like the biggest book fair I’d ever seen: miles of aisles, spanning 22 acres, spread over 16 hours...
Iraq is preparing to open its doors to foreign oil companies in a big way. Petroleum experts believe the war-torn country is underexplored and could potentially rival Saudi Arabia in oil reserves. And so the biggest names in the industry will put in bids for 20-year contracts on six of Iraq's largest oil fields and two of its largest gas fields, with the Iraqi Oil Ministry scheduled to announce the winning bidders on June 29 and 30. In the running are Exxon Mobil, Shell and BP as well as smaller Chinese, Russian and other state companies. Winners...
...first seek Pyongyang's legal consent - effectively, a non-starter. Nevertheless, the U.S.S. John McCain, an Aegis class destroyer, has been tailing the freighter and will be replaced now by the U.S.S. McCampbell as the Kang Nam 1 nears the Straits of Malacca and Singapore, perhaps the world's biggest maritime pit stop. The city-state's government says it will act "appropriately" should the vessel call at its port with illegal materials on board. According to South Korean press, the Kang Nam 1 will need to refuel soon. (See pictures of North Korea's rubber-stamp elections...
...like to see Best Picture nominations for foreign-language films and documentaries. But the Academy-board poobahs aren't trying to make room for more gnarly little art-house entries. They know that more people watch the Oscars in years when truly popular movies are among the finalists. The biggest ratings in the past 15 years have been when Titanic and LOTR: The Return of the King swept to victory. Ratings were up a bit this year; but if two big audience favorites, Slumdog and The Dark Knight, had gone head to head, the numbers might have been astronomical. This...