Word: yorke
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Dates: during 1970-1979
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True, some big, old cities, notably New York, Boston, Chicago and Philadelphia, have extensive rapid transit But ila most without exception the equipment is rundown, the subway stations dingy and dangerous and the scheduling haphazard. In most other cities and towns, mass transit is either seriously inadequate or practically nonexistent. Without a car, it is extremely difficult, and sometimes impossible, to get from home to work or to shopping in many cities...
Pullman, once the proudest name in the U.S. rail car industry, announced in March that it was quitting the passenger field altogether. Only three months later the New York City Transit Authority sued Pullman for having delivered at least 235 subway cars that had serious structural flaws. Budd now remains the only U.S. maker of rail cars and trolleys. But because of the high price of its equipment, it is being beaten out by foreign competitors San Diego is buying trolleys for its 16-mile line to the Mexican border, on which construction will begin later this year, from...
...really a representative market measure. In hopes of improving it, the Wall Street Journal, which selects the stocks that make up the average, has revised it for the first time in 20 years. Result: the Dow now reflects almost 25% of the market value of all 1,566 New York Stock Exchange listings, vs. 19.3% before...
Lewis Foy, chairman of Bethlehem Steel, tells a story that is echoing around the business grapevine: at a New York City dinner for 26 powerful executives, the host asked each man to write down anonymously his own choice for President. All 26 picked Connally. Whether the incident really happened is less important than that business chiefs believe it could have...
...Jeune Marin II for its flowing strokes and color. Perhaps that was because they saw little of Jeune Marin I; Matisse sold it to Gertrude Stein's brother Michael, who twelve years later sold it to a Norwegian collector. Recently Marin I surfaced at exhibitions in New York and Zurich, a prelude to auction last week at Christie's in London. There, in spirited bidding on the floor and by telephone, the oil was knocked down for $1,584,000, an auction record for 19th and 20th century paintings. Christie's would only identify the successful bidder...