Word: transition
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...system is notoriously unreliable. Three weeks ago, a train bound for Manhattan from Queens broke down, stranding 1,500 passengers in a tunnel under the East River for more than an hour. Concerned New York businessmen are banding together to lobby for change. One group called Business for Mass Transit has taken advertisements in the New York Times to deliver a warning to city and state officials: "The impending collapse of our subways, bus lines and commuter railroads threatens our businesses and the jobs of millions of workers...
With municipal budgets under severe strain, some cities are risking even further deterioration. Since 1973, Buffalo has reduced the number of its water-system workers by more than 40%. In the past two years, Boston has cut its mass-transit engineering and maintenance work force by 16%. Oakland, Calif., has trimmed its street-repair crew...
...miles along the Hudson River. The highway, with an estimated price tag of $1.7 billion, would receive 90% of its funding from the Federal Government. New York City Mayor Edward Koch has blocked the project in an effort to get parallel funds from Albany for mass transit improvements or to get Governor Hugh Carey to ask Washington to trade in highway funds for transit money...
...instance, added to the weight of the new buses and lowered their fuel efficiency. "It was like trying to build a camel by regulation," says a transportation lobbyist. Many cities are renovating GM's 1959-model "new look" bus, long the mainstay of public transportation. Notes a Chicago transit manager: "They're reliable and pretty much all the bugs were out of them." Other cities, including Atlanta, Seattle, Louisville and Los Angeles, are turning to foreign-made buses such as the West German M.A.N. and the Japanese Hino. Grumman, however, is standing by its bus of the future...
...about to leave neutralized grand gesture capital spending on the skids US recession Germany's slump Deutsche Bank fight inflation tobacco and alcoholic beverages oil revenues bank profits pep up hoteliers pomp and pegeantry Wedgwood Royal Doulton Ulster Weaving Company Lloyds of London petroleum Fao crossfire sabotaged oil revenue transit fees paper packaging newsprint 1.5 billion dollars capital spending about 1 per cent 400 million dollars less expanding most oil firms big changes are need imported autos color videocassette recorders semiconductors shoe imports sulfur industry 1 million additional tons gardens and croplands by product underground economy...