Word: northeasterly
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Dates: during 1970-1979
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...stations that buy surplus gasoline and resell it at discount prices-are being squeezed hardest as major oil companies save what gas they have for their own stations. White Eagle Oil Co. of Chico, Calif., closed six outlets last month; Gibbs Oil Co., a 350-station chain in the Northeast, has shut 15 stations and may put others on short hours. Eleven Sears, Roebuck & Co. outlets around Miami have begun to limit motorists to ten gallons per visit. Metro 500 of Minneapolis has temporarily closed 16 of its 17 stations, and Owner Paul Castenguay is keeping the sole survivor open...
Sitting Bull's death brought Red Cloud and Big Foot together and the cavalry chased them to a meeting with death at Wounded Knee. The seventh cavalry captured the two chiefs at Porcupine, ten miles northeast of Wounded Knee. Four Hotchkiss cannons were mounted on the hills, and the Indians were asked to give up their arms the next morning...
...Interstate Commerce Commission proposed $150 million to $200 million a year in stopgap aid and imposition of a 1% tax on all rail, truck or barge freight movements in the country, with the aim of raising another $400 million a year to keep the Northeast railroads running. The next day President Nixon's new Secretary of Transportation, Claude S. Brinegar, rejected the idea of a federal bail-out and proposed instead a kind of freight version of Amtrak, the quasi-Government corporation that runs long-distance passenger trains (TIME, March 26). Brinegar would create one or more corporations, with...
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...
...Senate committee headed by Indiana Democrat Vance Hartke has been listening to other proposals, including outright nationalization of the Northeast lines, or nationalization of their rights of way and federal assumption of track maintenance in exchange for a toll charge paid by each railroad. Congress will have the final say, and if it cannot agree on some plan in about three months, the Government's hand may be forced by the federal court that is overseeing the Penn Central's operations in bankruptcy. Federal Judge John Fullam has given the railroad's trustees an ultimatum: devise...