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...Fe...
Four years ago Southern Pacific agreed to merge with the Santa Fe railroad to form what would be the second largest U.S. line, after Burlington Northern (25,500 miles). The Interstate Commerce Commission, though, ruled that the combination stifled competition and that the new Santa Fe Southern Pacific Corp. must dispose of one of its lines. Last week the company said it would sell the Southern Pacific to the Rio Grande for $1.8 billion, creating the fifth biggest U.S. railroad...
...After the long-running, sunny times of the early '80s, many consumers feel little need for rainy-day reserves. Karen Peters, 43, of Orange, Calif., earns $48,000 a year as a county executive but typically keeps less than $1,000 in savings. On a recent trip to Santa Fe, she dropped $3,000 on a lithograph and a turquoise necklace. Says Peters, a widow who spends a portion of her income to help support her mother, 67, and daughter, 21: "Having money in the bank doesn't do anything for me. I figure I owe it to myself...
What was going on here? Well, it all seems to have started in the inventive head of Jose Arguelles, an erstwhile art historian who is a dedicated publicist for his book The Mayan Factor: Path Beyond Technology (Bear Publishing; Santa Fe). To anyone who would listen, Arguelles argued that his studies of ancient Mayan calendars showed that the "materialistic" world would end on Aug. 16 -- when three planets lined up with the new moon -- unless 144,000 true believers gathered in various "sacred sites" around the world and "resonated" sufficiently to bring on a new age of peace and harmony...
Chastened by a 1980 prison riot that left 33 convicts dead, New Mexico built a new maximum-security facility near Santa Fe with a surveillance system that was supposedly state of the art. But a snafu in the electric eyes plus a tight budget that cut out the nighttime roof guard allowed the Independence Day escape of two killers and five other felons...