For the sake of a red light
Article Abstract:
A railroad accident in London, England, is thought to have killed over 70 passengers. A earlier accident on the same line in 1997 resulted in seven deaths. The privatization of the railroads did not cause the accident, though some critics argue that it did, and there is a need for reform of the regulation of the railroads. Privatization was aimed at reducing the control of railroad employees, and the government did not want to increase investment in railroads while employees were perceived to be benefiting. The way privatization was carried out created problems for safety regulation, since over 100 companies were set up, with responsibility diffused.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Carnage at Paddington
Article Abstract:
A railroad accident has occurred in London, England, near one of the main railroad stations. There have been 152 people injured, and an estimated 70 deaths. The accident raises concerns about the safety of the railroads, and there are unfavorable comparisons with Japan, where dedicated tracks is used for bullet trains which also use automatic safety systems. Drivers do not always stop in response to red lights in Britain. The crash is not directly attributable to privatization, but passengers will be asking for greater emphasis to be placed on safety.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Another crash, another crisis
Article Abstract:
The background to a British railroad crah is examined, including the role of Railtrack, and fragmentation of railroads as a result of the way the system was privatized.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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