Word: coaling
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Dates: during 1960-1969
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...railroads is nothing new (see map). But the plans for the Penn Central were the most am bitious yet. As Saunders promoted them, his tireless determination seemed to promise eventual success. Inevitably, it gave new impetus to a growing roster of other corporate unions: ¶ In the East, the coal-rich Norfolk & Western and the Chesapeake & Ohio-Baltimore & Ohio are moving toward a merger that will probably be consummated some time in 1970. The C. & O. took effective control of the B. & O. five years ago in a move that enabled the limping B. & O. to use C. & O. credit...
...takeover of the Virginian Railway in 1959 and laid the groundwork for the N. & W. to acquire the Nickel Plate and the Wabash. Born in McDowell, W. Va., Saunders grew up in Bedford, Va., within sight and sound of the N. & W.'s main line through the coal fields. He attended college in the town where the N. & W. has its headquarters. Even after he was graduated from Harvard Law School and set up a practice in Washington, Saunders retained his sentimental attachment to the region. In 1939, he and his wife Dorothy jumped at the chance to return...
...reaching nontariff barriers to trade. Impoverished Ghana, trying to combat its balance of payments problem as well as protect fledgling native industries, has simply ruled out import licenses for 79 products ranging from suitcases to incense. Industrialized Britain departs from its otherwise liberal trade policy by banning virtually all coal imports. In Japan, which officially restricts imports as disparate as golf balls and electric generators, the government uses friendly persuasion to get importers to cut traffic in other goods that are not formally excluded...
...countless labor spats with such dogged patience that even John L. Lewis of the United Mine Workers couldn't hurry up "Ching and his damned pipe." Both of them worked overtime in the post-war labor climate bringing about settlements, including accords in 1948's two coal strikes and 1949's crippling steel walkout...
...pushed industrial and natural-resource development programs that are now raising the country's gross national product by 9% a year; he also made Australia a major world supplier of iron ore, bauxite and alumina, as well as stepping up production of the copper, lead, zinc and coal that it has long produced. By the early 1970s, the government expects to be exporting $1 billion worth of minerals alone (v. $430 million last year...