The project began to lose speed with the 1929 stock market crash on Wall Street, which reverberated throughout the Western world and took away Kahn's fortune.

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But he said some towns - such as Nuneaton in Warwickshire - would lose out, as, in order to maintain their speed, fewer trains would stop there.

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The high-speed wireless carrier, which is majority-owned by Sprint, continues to lose oodles of money.

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I've opted not to lose any sleep over this dilemma for now, as the prospect of a high-speed rail line seems impossibly distant.

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