Word: transitioning
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...most pressing U.S. problems is mass transit-so it might seem that a company with plans for speeding the movement of people from home to office was well positioned to prosper. Not so: when inflation and recession struck, city fathers and taxpayers rebelled against any projects that did not seem absolutely essential. Among companies caught with unfulfillable dreams of tomorrow, none has suffered more than Rohr Industries, Inc. of Chula Vista, Calif...
...More People-Movers. For a time, Rohr sold enough vehicles to long-planned transit systems to push sales to nearly half a billion dollars last fiscal year. Nonetheless, it reported a $7 million loss, its first in 15 years. That was followed by a deficit of $47 million for the first nine months of fiscal 1976, which ended May 2. The company has suspended all dividend payments and is asking 18 banks and insurance companies to work out a new credit agreement (the lenders have already waived most provisions of a $110 million long-term loan). Meanwhile, the company...
...person that Scotland Yard would very much like to talk to about the robbery is Stephen Patrick Raymond, 30, a dapper, self-confident redhead who had worked for several months as a shipping clerk, filling in customs and transit forms, at Purolator's London office-until he failed to show up after the weekend of the theft...
...frightening−as the ride from one side of divided Beirut to the other, through a half mile of no man's land along the broad Corniche Mazraa that was no one's preserve but the snipers'. Dozens of people were killed and kidnaped during transit to a crossing point cynics called "Mandelbaum Gate"*: only intrepid souls risked it during periods of fighting when the final stretch had to be negotiated at nothing less than 70 m.p.h. Last week two American diplomats, Ambassador Francis E. Meloy Jr. and Economic Counselor Robert O. Waring, as well as their...
...another referendum in California, Los Angeles County voters defeated a proposed $5.8 billion mass-transit system that would have been financed by a one-cent increase in the local sales tax (TIME, May 24). It was the third time in nine years that Angelenos have decided to snub mass transit and continue their long-standing love affair with the automobile...