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...nation's third-largest freight company. The new company will control some 29,645 miles of track serving most of the eastern U.S. The deal was cut as part of a push by CSX to stay competitive with rivals Burlington Northern and Union Pacific, both of which merged with rail systems in the past two years. Burlington Northern bought Santa Fe in 1995, while Union Pacific merged with Southern Pacific earlier this year. Each control over 30,000 miles of track. The news pushed CSX stock down four percent in early trading on the New York Stock Exchange, but lifted...

Author: /time Magazine | Title: CSX, Conrail to Merge | 10/17/1996 | See Source »

...Peninsula is, how so removed it is from the modern political scene that it cannot comprehend the fundamentally conservative policies of the United States in the 1990s. Perhaps these reactionaries would prefer to have lived during the 1960s so at least they would have had something legitimate to rail against...

Author: By Joshua A. Kaufman, | Title: Naming Names: Peninsula's Fascists | 10/15/1996 | See Source »

...stood before a group of senior citizens in Des Moines, Iowa, recently, Richard Gephardt was reminded that their cheers were at best a halfhearted embrace. The House Democratic leader had come to Iowa to stump for congressional candidates and to rail against Newt Gingrich for attempting to slash Medicare spending. The Republicans had so bungled their mandate and had pushed such an extreme agenda, Gephardt said, that Democrats should be given another chance. Which made sense to Arlyn Hodson. "We'll see you in the Speaker's seat!" the 66-year-old retired postal worker and Air Force veteran shouted...

Author: /time Magazine | Title: NEWT'S NIGHTMARE | 9/30/1996 | See Source »

...fact, the Netscape-Microsoft battle may be our first good look at information-age corporate warfare. Where industrial-age triumph was once measured in steamships built or in miles of rail track laid, victory today means little more than the right to come back and fight again tomorrow...

Author: /time Magazine | Title: WINNER TAKE ALL: MICROSOFT V. NETSCAPE | 9/16/1996 | See Source »

...Montauk Highway, which was long ago supplanted by the ever widening Long Island Expressway. Here it is still around 1948. The people work for a living, know one another's business, tend to their green squares of land and (most of the time) love America. Take the Long Island Rail Road from Manhattan, and you understand these places at once. After the conductor calls out the suburbs, the names of the stations get rougher: "Patchogue!" "Moriches!" You are too far east to commute to the city and not far east enough, or rich enough, to occupy what a young woman...

Author: /time Magazine | Title: TERROR ON FLIGHT 800: DEATH ON A SUMMER'S NIGHT | 7/29/1996 | See Source »

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