Word: railroads
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...from its desert border, the Islamic Republic next door bankrolled an extension linking Herat city to Afghanistan's remote northern provinces. Later this year, a host of Iranian-built schools, clinics and industrial parks around the city will be connected to the Iranian interior thanks to an $80 million railroad spur currently under construction. Homayoun Azizi, the head of Herat's provincial council, says he's grateful for the "huge impact" Iran has had in accelerating economic growth in the region, "But," he asks, raising an eyebrow, "what are they doing beneath it all?" (See pictures from Afghanistan's dangerous...
...there have been violent incidents in Spain, the U.K., India, and a number of other countries where homeland security is not as good as it is in the U.S. The fact that as recently as 2004, terrorists could kill more than 170 people on the Madrid commuter railroad system is an extraordinary reminder that some parts of the social and business infrastructure in the developed world are still terribly vulnerable. The notion that terrorists could attack commuter trains going in or out of New York City is imaginable and, perhaps even possible. (Read a TIME story on 5 years after...
...John Moody anticipated this problem when he published the first Moody’s Analyses of Railroad Investments in 1909. Moody prefaced the book with a note about its scope, cautioning that it was “in no sense a ‘manual’” and instead a tool to enable investors to “analyze the conditions back of all security values.” Like his future competitors, Moody specifically intended his credit ratings to enable analysis rather than be ends in themselves. Nonetheless, by 1970, when the firm switched...
...make: Harvard would build itself into an unparalleled center of interdisciplinary research, and it would do so by undergoing an unprecedented expansion. Thrust into prominence as the canvas for the University’s grand vision was the neighboring community of Allston—a city once dominated by railroad stockyards and cattle slaughterhouses that now bore the weight of a new president’s vision and a centuries-old University’s future. But the city’s newfound standing has not always been greeted cheerily by residents who, in the years since Summers?...
...make: Harvard would build itself into an unparalleled center of interdisciplinary research, and it would do so by undergoing an unprecedented expansion. Thrust into prominence as the canvas for the University’s grand vision was the neighboring community of Allston—a city once dominated by railroad stockyards and cattle slaughterhouses that now bore the weight of a new president’s vision and a centuries-old University’s future...