Word: old
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Dates: during 1970-1979
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...result of the crushloads, mass transit companies are trying to patch up old equipment that should have been junked years ago. Commuter trains on Boston's Woburn-Winchester line are so decrepit that they are not allowed to travel faster than 15 m.p.h. Cleveland is refurbishing 50-year-old trolleys on the Shaker Heights line. Though the maximum efficient life for a bus is twelve years, Los Angeles is repairing some dating back to the early '50s. Kansas City has reactivated 60 rattletrap buses that it previously had retired. In desperation, Houston is leasing buses from Continental Trailways...
...nation's two other relatively new subway-and-elevated train systems are having mixed results. Ridership has purted 15% in the past year on San Francisco-Oakland's seven-year-old BART system (for Bay Area Rapid Transit), but it las been able to handle the crowds efficiently. Washington's newer Metro has coped as best it could but still has too few cars to accommodate the mobs. Even before they leave the first station, trains often have standing room only. Metro also is ridden with bugs: brake defects have forced cars to be withdrawn from service...
America's tenth largest industrial company is like an old gas guzzler hurtling along the dangerous edge of a cliff, and in this difficult year the road is trickier than usual. Chrysler Corp., long plagued by uncompetitive products and a lack of cash, is expected to follow its first quarter $53.8 million loss with a second quarter deficit that could come close to $200 million. The company may end the year with a loss of more than $400 million, double last year's $204.6 million deficit. Chairman John Riccardo has made a dozen trips to Washington since...
...relatively high-priced stocks usually have sharper swing than do lower-priced ones. Had IBM and Merck replaced Chrysler and Esmark in the Dow at this time last year, the average would have been more than 14 points higher than its 843 close on the last day of the "old...
...with Germany, Austria's troubles after World War I stemmed from Versailles, specifically the 1919 Treaty of Saint-Germain that broke up the old Austro-Hungarian Empire of the Habsburgs and reduced the country to a small republic. A political standoff between Roman Catholic right and Socialist left hobbled the new democracy, bringing it several times to violence. Then the Great Depression hit. When Hitler came to power in 1933, more than 300,000 Austrians were unemployed in a nation of only 6 million. For a time, a doughty little home-grown dictator named Engelbert Dollfuss opposed Hitler...