Word: railroad
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Dates: during 1970-1979
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...shake off his challenger, even though he spent $1 million-nearly twice as much as Sasser. The Democrat's big break came when the State Labor Council at a press conference compared Brock's extraordinarily low 1975 tax payment to that of a steel worker, a railroad engineer and an auto worker-who earn far less. Brock claimed that business expenses, charitable contributions and operating costs for a blind trust reduced his tax liability. Lapel buttons with the claim "I paid more taxes than Brock" began to sprout all over, and Brock remained on the defensive...
Despite Zappa's undeniably brilliant musical abilities--now, he's even into producing, having helped churn out the latest Grand Funk Railroad offering--he's still haunted by a past he largely denies...
...behind this façade of luxury and speed lurks a grim reality. Like many of the railroads of the world, the Japanese National Railway is on the brink of bankruptcy. Last week the line was barely saved from defaulting on $138 million in debts to 10,000 private companies when it canceled maintenance and construction contracts and received a $138 million stopgap loan from the Finance Ministry. Even so, more huge debts fall due next month, and the government is in no mood for another rescue. The Finance Ministry and private banks, which in the past have generously bailed...
...Japanese are caught in the classic cost-fare squeeze that has ruined rail service throughout much of the world. The J.N.R. is the nation's largest employer with 430,000 workers on its payrolls. Because the seven railroad unions are among the most militant in Japan, they have prevented the line from cutting jobs in order to save money. At the same time, the railroad has been barred by the Japanese government from eliminating unprofitable service in rural areas and from raising fares to bring them in line with operating costs; fares are so unrealistically low that last year...
Political Roadblocks. The government's official audit committee recently recommended that the railroad be granted greater subsidies, a temporary moratorium on debt payments and the right to hike fares. For its part, the J.N.R. management postponed $155 million in construction projects, and pledged to improve its efficiency and labor-management relations...