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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...

Author: By Rich Weisman, | Title: Oh, Frankie...! | 10/28/1976 | See Source »

...minds of downtrodden U.S. commuters and rail travelers, the very mention of Japan conjures up visions of superfast trains and a superefficient railroad system. To a degree, the image is justified. The futuristic Shinkansen, or "bullet" trains, whisk passengers as far as 735 miles from Tokyo to Fukuoka City in the southernmost main island of Kyushu in six hours flat amid plush comfort. That trip costs only $31.15 for a one-way economy-class ticket with a $20.70 surcharge for first-class...

Author: /time Magazine | Title: TRANSPORTATION: The Bullet Is Broke, Too | 10/11/1976 | See Source »

...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...

Author: /time Magazine | Title: TRANSPORTATION: The Bullet Is Broke, Too | 10/11/1976 | See Source »

...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...

Author: /time Magazine | Title: TRANSPORTATION: The Bullet Is Broke, Too | 10/11/1976 | See Source »

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...

Author: /time Magazine | Title: TRANSPORTATION: The Bullet Is Broke, Too | 10/11/1976 | See Source »

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