Word: rail
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Dates: during 1970-1979
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...20th parliamentary elections with a claim to national power, the fundamental cause will be the serious erosion of the Christian Democrats in the modern Italy that they very largely created. Today the party is maligned and ridiculed as never before-and from every corner of Italian society. Urban youths rail against it as sclerotic and establishmentarian. Women, swept up in a drive for legal abortion and other rights, have turned away from it as unresponsive to their needs. Middle-class Italians, once the party's backbone, grumble about its ineffectiveness and vulnerability to scandal and corruption. Italian editorial writers...
...million-a-year tourist industry. The incidents also clearly illustrated the vulnerability of Rhodesia's lifelines to South Africa, which have become even more important since Mozambique closed its borders with Rhodesia last month (see following story). In fact, Salisbury now depends on the South African rail link for all of its oil and ammunition and most of its imports...
...train Rhodesian guerrillas and help them infiltrate and harass the white-ruled nation, it is itself slipping deeper into an economic and political morass. President Samora Machel's decision last month to close his border with Rhodesia and proclaim a "state of war" deprived landlocked Rhodesia of vital rail links to the sea, and is forcing it into a virtual siege economy. But the move will also cost Mozambique at least $50 million a year in Rhodesian transit and rail revenues and up to $30 million annually brought back by Mozambican workers in Rhodesia, which together account for about...
...loans have not restored to health. ConRail also now owns the Reading, Erie Lackawanna, Central of New Jersey, Lehigh Valley and Lehigh & Hudson River lines. Altogether, the six lines lost almost $2 million a day last year. But they carried too much freight (20% of the nation's rail total) and too many passengers (428,000 a day) to be allowed...
...derail the bold experiment. Stockholders and creditors of the six bankrupt lines have vowed to fight for higher compensation for their property, which could boost the eventual payout well above the $685 million in stock that ConRail is now offering them. Pressure from local politicians might force Con-Rail to keep unprofitable segments of line in service. Then there are labor difficulties. By refusing to give up archaic rules and procedures, railroad unions have aborted a planned $66 million sale of almost 2,700 miles of track to the profitable Southern and Chessie railway systems, thus saddling ConRail with...