Word: canals
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...Groucho Marx's real estate huckster warned in The Cocoanuts in 1929, "You can even get stucco! Oh, how you can get stucco." But eventually, the lies always seemed to come true, because there were always new dreamers from cold climates, and worthless swampland was just a drainage canal and a zoning variance away from becoming a golf-course subdivision...
...danger of becoming a metaphor for America's sluggish response to our most pressing economic challenges. A recent U.S. Chamber of Commerce report shows a litany of problems: an overloaded rail infrastructure that needs new tracks, signals, tunnels and bridges. Most ports need dredging; almost half of all canal locks are obsolete. While China is spending nearly 9% of its gdp on infrastructure, Americans lose $9 billion a year in productivity from flight delays alone...
...environmental group American Rivers estimates will need about $390 billion worth of upgrades in the next 20 years. A recent U.S. Chamber of Commerce report reveals a litany of other problems: an overloaded rail infrastructure that needs new tracks, signals systems, tunnels and bridges. Ports that need dredging, canal locks that need replacing. While China is spending nearly 9% of its GDP - a massive investment - on infrastructure, Americans lose $9 billion a year in productivity from flight delays alone...
Soon after the first long-distance pipelines were laid in the Northeast in the late 1870s and early 1880s, the first oil tankers were allowed to pass through the Suez Canal, and the modern shipping system was born. Today crude oil travels in tankers that can carry up to 4 million bbl. With daily world demand at about 85 million bbl., petroleum represents about a third of all international cargo. And even though the commodity is also measured in kiloliters (in Japan) and metric tons (in Russia), thanks to whiskey, the units are always converted to the 42-gal. barrel...
Adam Clymer ’58, former president of The Crimson and chief Washington correspondent of the New York Times, is the author of Edward M. Kennedy: A Biography (1999) and Drawing the Line at the Big Ditch: The Panama Canal Treaties and the Rise of the Right...