Light rail was an attractive, economical, and environmentally sound technology until the auto companies crushed it. That, at any rate, is what a lot of people believe, and now the nation is spending billions to re-create an imaginary past.
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The unexpected consequences of J.P.Morgan's deal to create U.S. Steel, which controlled 60% of the US market, have vibrated through every decade.
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When the lives of a failed prizefighter, an aging horsebreaker, and a bicycle-repairman-turned-overnight-millionaire converged around a battered little horse named Seabiscuit, the result captivated the nation and transcended their sport.
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