Word: drainings
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...subject is not startling enough to serve as underpinning for a satirical novel with intent to shock. As a corollary to the sex reversal, Berger describes extreme cultural and economic dilapidation. Is this merely the author's way of flushing the U.S. a few decades down the drain of the future, or is he questioning the competence of women-once in the saddle-to run things...
Both plans seem incomplete. Without some consolidation such as Brinegar wants, federal aid on the scale contemplated by the ICC could become a massive, endless drain on taxpayers. The root problem of the Northeast lines is that their track system was vastly overbuilt around the turn of the century; in an era of trucks and pipelines it no longer carries enough freight to keep all the lines alive. On the other hand, Brinegar's belief that no federal money will be needed is almost surely wishful thinking. "There is no way for a bankrupt railroad to raise money other...
...Dhabi has bought a 30% interest in the Columbia Broadcasting System, to add to a communications empire that already includes the Washington Star-News and Metro-Goldwyn-Mayer. The White House issues a statement welcoming the huge investments by "our Arab allies" as a way of stopping the dollar drain ("If they cause us trouble," adds one White House economist, "we can always nationalize them"), but it expresses some concern at reports that Libya and Iraq are negotiating with France to obtain nuclear weapons...
...major drain on Ogden was its Avondale Shipyards near New Orleans, which during the 1960s made unusually low bids to gain Navy-destroyer contracts and then saw costs soar. In 1969 the yard suffered a loss of $3.8 million. Ogden has since gathered the shipyard, its prosperous shipping business, which operates 20 vessels, and a stevedoring firm into a single transportation division, and last year the yard showed a small profit. Now Avondale expects to cash in big by helping to relieve the nation's growing fuel shortage. It is increasing production of liquefied-natural-gas tankers that sell...
...does want to avoid accusations of Yankee imperialism. It is the U.S. Congress, however, and not the U.N. Security Council, that holds the power over ratification of any new Canal treaty, and Congress is adamantly opposed to anything suggesting a giveaway. "The whole shooting match will go down the drain unless Torrijos and Tack [Juan Tack, Panama's foreign minister] stop acting like fire-breathing monsters," said an Administration official last week. "They've been taking courses from Castro, and sure as the sun rises the Congress will not brook that stuff...