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...important to remember that it has also been the fountainhead of economic growth in the U.S. Board member Robert Hormats, vice chairman of Goldman Sachs International, reached back to the 19th century to make the point. "In the 1880s, the U.S. built 70,000 miles of rail," he said. "In the 1890s, 40,000 miles of that 70,000 miles went bankrupt." Yet that infrastructure powered growth in the early 20th century. Likewise, the beating so many tech stocks took last year is only half the story. The tech revolution is still a fact...

Author: /time Magazine | Title: TIME Global Business Report: Who Will Drive... The World Economy? | 2/19/2001 | See Source »

...Ashcroft is widely expected to win confirmation, but the extended three-day hearing facilitated a vociferous opposition to his nomination, both in and outside the hearing room. Tensions rose as lobbyists like NARAL's Kate Michelman took the stand Thursday to rail against Ashcroft, painting his confirmation as the proverbial nail in the coffin of women's reproductive rights...

Author: /time Magazine | Title: The Abortion Rights Lobby: Why Is John Ashcroft Public Enemy No. 1? | 1/19/2001 | See Source »

Best of all, the man knew his audience. He didn't rail against our lack of an attention span; he played to it. The minute that big, easily bored, sugar-fueled baby that is the American public started to drift off, he'd grab a straw hat and a banjo and somehow get us back. And so we never turned him off. We sat and watched, grinning and glassy-eyed, waiting expectantly to see what the funny man with the fat red nose would do next...

Author: /time Magazine | Title: What I'll Miss About Bill Clinton | 1/8/2001 | See Source »

...reading your story on Amtrak's new Acela train [BUSINESS, Dec. 4], I sadly noted continued ignorance about why America lags behind the rest of the world in developing high-speed trains. The explanation lies in Washington's lack of a balanced transportation policy. Europe and Japan place intercity rail on an even playing field with other transportation modes for federal assistance. Washington, however, treats Amtrak like a bastard child that receives billions in "subsidies" while aviation and highways receive blessed federal "investment." Amtrak needs the same financial commitment enjoyed by the airlines and highways. DONALD SHAW Bloomfield, Conn...

Author: /time Magazine | Title: Letters: Dec. 25, 2000 | 12/25/2000 | See Source »

...involving performance of a classic play, and the minor characters and chorus ensure that the audience does not daydream. Best is Thomas Derrah as the Sentry, the farcical messenger who comes to Creon bearing bad news. He evokes a bratty 12-year-old impersonating a defensive but cynical rail worker who has caused a six car train wreck...

Author: By Benjamin E. Lytal, CRIMSON STAFF WRITER | Title: Bringing Out the Dead | 12/8/2000 | See Source »

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