Word: drain
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Dates: during 1980-1989
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...people ride New York City's subways each day, most of them using 75? tokens. But so many foreign coins, manufactured slugs and whatnot are stuffed into the turnstiles that the financially troubled system loses up to $1 million in revenues each year. Now there is a new drain on income: a 17½? token issued in October by Connecticut Turnpike officials for use in the state's automatic toll booths that is almost exactly the same size and shape as a subway token. Says one New York official: "Somebody did some sloppy work on this...
John De Lorean probably saw his auto company going down the drain and subconsciously courted disaster. For many highly successful people the only alternative to spectacular success is dramatic failure. De Lorean was too shrewd not to be aware of the dangers a novice faces in the drug trade. Your story noted that he appeared calm and unsurprised when he was arrested. Perhaps De Lorean was also relieved...
...Hampshire gubernatorial candidates to veto sales or broad-based income taxes. Determined to protect the state's tradition, Republican Thomson came out of political retirement and filed as an independent. But the Republican nominee turned out to be John Sununu, a conservative ally. Fearing his candidacy could drain enough votes from Sununu to re-elect Democratic Incumbent Hugh Gallen (who refused to take the pledge this time), Thomson tried to withdraw but it was too late. His self-defeating campaign worked: Thomson got only 2% of the vote and Sununu upset Gallen...
...biggest transactions, Canada's Dome Petroleum spent $3.2 billion acquiring Hudson's Bay Oil & Gas, a subsidiary of Connecticut-based Conoco Inc. In the nationalistic climate of 1980-81, Canadian companies spent more than $7.3 billion on the purchase of foreign-held assets, creating a massive drain on the economy. Severely compounding the problem, Canadians invested at least $19 billion in the U.S. during roughly the same period...
Opponents have charged that this would destroy job, drain the state's water supply (through the requisite washing of cans and bottles) and prove costly to taxpayers. A study sponsored by Governor King's office however, showed that the provision would create a net increase of over 2000 jobs as well as decrease water use and costs of garbage disposal and collection...