May 24, 1990 |
President Bush today vetoed a bill authorizing funds for Amtrak, the nation's rail passenger service, protesting a provision to bring railroad acquisitions under new government scrutiny. Bush said the provision "represents a step backward for the entire rail industry." It was Bush's first veto of 1990. He vetoed 10 measures last year and has yet to have one overturned.
July 31, 1985 |
The federal government, after 12 years of debate, today announced safety regulations for the railroad industry that will prohibit employees from reporting to work drunk or on drugs. Transportation Secretary Elizabeth Hanford Dole said the new rules, effective Nov. 1, "will protect the public and railroad employees from the consequences of on-the-job drug and alcohol use."
May 25, 1990 |
President Bush on Thursday vetoed a bill authorizing $2 billion in spending by Amtrak, complaining that the bill's expansion of federal regulation over railroad acquisitions "represents a step backward for the entire rail industry." Bush took issue with a provision that would require the Interstate Commerce Commission to approve the acquisition of railroads by non-railroad companies.
April 12, 2000 |
Chase Manhattan Corp. said it's paying $7.6 billion in cash and stock for Robert Fleming Holdings Ltd., a British investment bank and asset management group, in a bid to help it become a bigger player in global investment banking. Chase, the third-largest U.S. bank with about $406 billion in assets, has agreed to pay $4.1 billion in cash and $3.5 billion in common stock for Robert Fleming, one of Britain's last independent financial companies. The deal requires regulatory approval.
CALIFORNIA | LOCAL
November 1, 1998
SCOTT R. BAUGH Baugh forged a solid reputation on both sides of the aisle despite a looming felony trial on campaign wrongdoing charges. * Party: Republican * Age: 36 * Residence: Huntington Beach * Education: Bachelor's degree in business administration, Liberty University, 1984; law degree, McGeorge College of Law, 1987. * Career highlights: Former railroad industry lawyer.
CALIFORNIA | LOCAL
December 1, 1999
Re "Woman Killed When Train, Car Collide," Nov. 8. This tragic accident in which a young woman in Somis was hit by a train at an unprotected railroad crossing is an all-too-familiar story. The accident occurred at a crossing that had no active warning devices. According to the Federal Railroad Administration, more than 80% of the nation's public railroad crossings are not protected by lights and gates. These are the crossings where drivers have no warning of approaching trains. And tragically, these are the crossings where more than half of the accidents and fatalities occur.
December 3, 2006 |
New federal research shows that computer modeling can reliably predict when members of freight train crews have an increased risk of accident due to fatigue -- a finding that might help solve one of the most persistent safety problems in the railroad industry.