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...plain as a red signal on the main track, the ominous figures in quarterly earnings reports showed for months that the Penn Central Transportation Co. was in precarious financial condition. The nation's largest railroad and its parent corporation, the Penn Central Co., are among the wealthiest companies in the U.S. (assets: $7 billion). But the railroad is burdened with debt, beset by spiral ing costs, tangled operations, a drop in freight shipments and the $100 million annual drain of unwanted passenger service. As a result, a convulsion last week shook the once-mighty Penn Central and spread deep...

Author: /time Magazine | Title: Business: Uncle, Can You Spare Some Millions? | 6/22/1970 | See Source »

...Russian proposal-reasonable as it may seem on the surface-has thoroughly outraged the largest and wealthiest Orthodox body in the U.S., the Greek Orthodox Archdiocese of North and South America, claiming 443 parishes. The Russians contend that they have a canonical right to establish an "autocephalous" (self-governing) church in America, on the basis of historical preeminence: Orthodox canon law, they say, gives rights over a missionary district to the first hierarchy that establishes itself in a new area-and the Russians have had a diocese in North America since 1840. The Greeks, who did not establish their American...

Author: /time Magazine | Title: Religion: An American Orthodoxy? | 3/16/1970 | See Source »

Another victim of apathy is California education. The wealthiest state in the nation ranks fourth (after New York, New Jersey and Connecticut) in the amount it spends for the education of its children, and tolerates a second-rate public school system. In addition, a political crisis threatens the nine campuses of the University of California. One of the greatest public education facilities in the land, it boasts, among other things, some of the best science faculties?including 14 Nobel laureates?of any university anywhere...

Author: /time Magazine | Title: Modern Living: LABORATORY IN THE SUN: THE PAST AS FUTURE | 11/7/1969 | See Source »

Married. Karim Aga Khan, 32, spiritual leader of 20 million Ismaili Moslems and one of the world's wealthiest men; and Lady Sarah Crichton-Stuart, 29, stunning British divorcee and model; in a private civil ceremony, in Paris. The couple will be married again this week in an Ismaili Moslem ceremony in Paris...

Author: /time Magazine | Title: Milestones: Oct. 31, 1969 | 10/31/1969 | See Source »

Massell, a former real estate dealer and member of one of Atlanta's wealthiest Jewish families, has earned black support through his leadership of a statewide civil rights committee and local antidiscrimination efforts. Yet Cook also talks about the need for harmonious race relations and contends that he is "the only candidate able to bring people together." To cope with Atlanta's financial crisis, Cook urges that the city be consolidated with surrounding Fulton County. Massell bravely proposes a city income tax and invites nearby municipalities to join the city. The contest is close, and both Massell...

Author: /time Magazine | Title: Nation: CITIES: SHATTERED ELECTION PATTERNS | 10/24/1969 | See Source »

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