Word: seaway
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
When the St. Lawrence Seaway opened in 1959, Mid westerners envisioned the shores of the Great Lakes becoming "America's fourth seacoast." Today that dream has all but sunk out of sight. Despite the seaway's direct route to the bustling ports of Europe and the Middle East, the Great Lakes ports from Duluth to Rochester are suffering through a depression that looks almost impossible to reverse...
...longshoremen cannot be blamed for any of the worst problems, which are long-term and seem almost insoluble. The St. Lawrence Seaway has become virtually obsolete. Its locks are too small to let through the "super" ships (27-ft. draft or more) that move cargo most efficiently these days...
About the only hope for the Great Lakes is that long-divided dock workers, terminal operators and port authorities have formed an alliance to remedy some problems that are not rooted in the very nature of the seaway. They are asking the U.S. Maritime Administration for the same subsidies that are collected by the coastal shipping interests that compete with them. They also want moderation of the "Ship American" policy, which is mandated by the Merchant Marine...
...Louis fail, while the national average loss rate for all banks is .5%. Ghetto bankers accept those risks as inevitable if they are to do their job, but they also have difficulty building a corps of experienced middle managers and attracting capital. Richard Linyard, director of the Seaway National Bank of Chicago, wore three hats until he could find a qualified cashier and controller. Some help on the second problem is coming from white bankers: the American Bankers Association has set up a closed-end investment corporation that has raised $4.5 million in just over two years and invested...
...mountain-top hideaway in upstate New York. There a visitor could rough it while living in a guesthouse staffed by a butler and maid. A crew of woodsmen-guides was on hand to help explore the outdoors, while the less energetic could get a glimpse of the St. Lawrence Seaway from Mrs. Post's four-engine plane...