Word: railroading
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...since the waning days of Philippine President Ferdinand Marcos has a national leader been accused of corruption on such an enormous scale. Before the Senate Subcommittee on Terrorism, Narcotics and International Communications, Blandon alleged that Noriega turned many of Panama's public institutions -- the customs and passport offices, the railroad, the airports -- into a huge kickback scheme. Among the beneficiaries: scores of army officers, top government officials and, above all, Noriega. By Blandon's account, Noriega is the richest man in Panama, with a dozen houses, a fleet of automobiles and net assets of between $200 million and $600 million...
...screens: people huddling outside overnight with little but the coats on their backs. Under blankets, newspapers and garbage bags, they slept on city steam grates to keep warm, huddled over fires in vacant lots, or hid out from the freezing wind in cardboard warrens constructed in the tunnels beneath railroad or subway stations...
...idea of a railroad as small as the Denver & Rio Grande Western (2,500 miles of track) trying to swallow one as big as the Southern Pacific (13,000 miles) conjures up memories of the Little Engine That Could. Yet the Rio Grande has emerged as the front runner in a heated competition to acquire Southern Pacific...
Four years ago Southern Pacific agreed to merge with the Santa Fe railroad to form what would be the second largest U.S. line, after Burlington Northern (25,500 miles). The Interstate Commerce Commission, though, ruled that the combination stifled competition and that the new Santa Fe Southern Pacific Corp. must dispose of one of its lines. Last week the company said it would sell the Southern Pacific to the Rio Grande for $1.8 billion, creating the fifth biggest U.S. railroad...
...Southern Pacific system, which stretches from Oregon and California over to Texas and Louisiana and up to Missouri. But opponents of the deal may try to persuade the ICC to block it. Kansas City Southern Industries wants to buy Southern Pacific, and so do union leaders representing the railroad's employees...