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Although the Federal Government has smiled on most recent merger activity, every now and then a corporate union gets flagged down. Last week the Interstate Commerce Commission affirmed its year-old rejection of the proposed merger between the Santa Fe and Southern Pacific railways, citing "serious anticompetitive effects" as its reason. The combined railway would control more than 90% of rail traffic on the West Coast...
Nonetheless, satisfied users abound. Nancy Wallrich, 56, a homemaker in Santa Fe Springs, Calif., who has had rheumatoid arthritis for 30 years, says her water bed has brought her uninterrupted sleep. It has also improved her sex life. "For me, many positions and movements had become difficult," she observes. "Now I am able to move around more." That sounds a lot like what water beds were famous for way back when...
...minimal intervention that the Constitution seemed to contemplate when, for example, it authorized federal regulation of commerce "with foreign nations, and among the several States . . ." At the time, the Constitution's framers championed a free-market system with little Government interference. Says W. John Swartz, president of the Santa Fe Railway: "The Founding Fathers would be astonished at the amount of rules we operate under today. Regulators have gone much...
Nevertheless, Smith took the stand to give an emotional account of the experiences that led her father, a soft-spoken welder at the Santa Fe railroad yards and assistant pastor of St. John's African Methodist Episcopal Church, to join the N.A.A.C.P.'s legal struggle against segregation. She described the "feelings of inferiority" suffered by her children because they attended schools that were considered "black" though large numbers of white children attended them. Her lawyers contended that many of Topeka's schools remain "racially identifiable" because of a preponderance of black or white students. They argued that schools with...
...your hair but not to care for your child," observes Elaine Claar Campbell, a Chicago investment banker. She and her lawyer-husband Ray, armed with five pages of questions, spent three months interviewing more than 50 people, before settling on Clara Hawkes, 47, an artist from Santa Fe whose own daughter is a National Merit Scholar. "You don't want to gamble with your child," says...