Word: dot
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Dates: during 1980-1989
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City Scribe. "Once you're a habit, you've got it made," says San Francisco Chronicle Columnist Herb Caen. By that measure, the Sackamenna Kid, a bowdlerized self-reference to his Sacramento origins, has it made in three-dot spades: Caen's column has appeared in San Francisco for all but three of the past 46 years, and its six-day-a-week mix of gossipy tidbits, hand-me-down gag lines and occasional nuggets of hard news, all separated by three-dot ellipses, is the closest thing to universal wisdom in the variegated Bay Area...
...last week was taking bids for the Consolidated Rail Corp. Created in 1976 from the Penn Central and five other bankrupt railroads, Conrail required a $7 billion federal transfusion through 1982. Under the stewardship of Chairman L. Stanley Crane, Conrail earned a profit in 1983 of $313 million. When DOT tried to peddle Conrail to 20 firms last spring, the only offer came from the company's employees, who already own 15% of the road. But last week 14 bidders stepped forward to offer to buy the giant carrier, which hauls freight over 14,200 miles of route...
...wants to use Conrail in a complex tax deal. Hotelier J.W. Marriott Jr. and Guilford Transportation Industries, owned by Timothy Mellon of the Pittsburgh Mellon family, also made proposals. Transportation Secretary Elizabeth Dole will select the winning bid, possibly later this summer, after discussions with Congress and Goldman, Sachs, DOT'S financial adviser...
...reporters, cameramen and his aides counted off the seconds ("nine, eight, seven"), Mondale strode to the microphones in the Radisson Plaza at 11:59 a.m. on the dot and declared, "Today, I am pleased to claim victory I am the nominee. I've got the votes." He cited a precise number of delegates behind him: 2,008. Mondale pledged to work for "a unified convention," saying that he would make personal appeals to both Hart and Jackson to join him in that effort. He conceded under questioning that the friction among the candidates had been great, but he tried...
...That tends to be sort of a noisy, feverish, high-pitched, somewhat of an emotional climate," says Walter M. Cabot '55, president of the company. The staff's favorite football team is the Los Angeles Raiders, and black-and-silver caps dot the heads of investors, some of whom take advantage of a nearby Nerf basketball hoop to burn off the tension...