Word: railroads
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Dates: during 1980-1989
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...alternative," shrugs a woman, her eyes fixed on the middle distance. "Jersey is the alternative," whispers a young man reading Great Expectations. Another standee, bedecked with gold chains, springs to the defense: "They are trying to move 285,000 people a day. It's the nation's largest commuter railroad. I'm not defending the equipment, you understand, but it's an almost impossible task. Take the averages--you're still ahead." Of what? "Well, it's better than the subway...
...generally acknowledged to have been the L.I.R.R.'s nadir, a period of such egregious discomfort that at least a small part of the growth of the Sunbelt can be traced to the conditions on the commuter line. The railroad was 150 last year, and there are definite signs of improvement. Last year 88.5% of the trains arrived within five minutes of the schedule--up 6% since 1979. It may be better than it was in the '70s, but it is not yet as good as it was in 1902, when Teddy Roosevelt's summer White House lay in Oyster...
Wyckoff, a widely known authority on the railroad, airline, and tracking industries, was best known for his work in transportation management and deregulation. The Marblehead, Mass, resident also visited China three times since 1979 to study transportation problems and recommend improved management methods...
...some 10,000 Ethiopian Jews have arrived in Israel, 3,000 of them as the result of Operation Moses. Prior to the present airlift, the typical method of escape was for couriers, financed mainly by private American Jewish organizations, to smuggle Falashas into Israel in small groups. This "underground railroad" usually took the emigres from Ethiopia to Sudan, then through third countries in Africa and Western Europe...
Chutzpah, one might say, but it comes naturally to McGowan. The son of a railroad union organizer in the coal country of eastern Pennsylvania, he worked his way through college, attended Harvard Business School on the G.I. Bill, then went to work for Mike Todd, the Broadway and Hollywood showman. McGowan subsequently launched several firms in electronics and computers, retired rich at 39 and took a trip around the world. Bored, he moved into the field of venture capital. That was how he discovered a nearly bankrupt little company that was trying to start microwave phone service between Chicago...