Word: teleporting
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Dates: during 1980-1989
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...Port Authority of New York and New Jersey, working with Western Union and Merrill Lynch, is building a gigantic $84 million Teleport on New York City's Staten Island. Its 17 earth stations will be beamed at all domestic and some international satellites and will feed communications into the World Trade Center, skirting the phone company in New York City. Citicorp, the largest U.S. bank, is installing its own $100 million system in Wall Street's financial district, which will take most of its communications out of the phone system. Even Salt Lake City's Mormon Church...