Word: 10s
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...Skytrain was so popular and profitable that in the past two years Laker, who owns 90% of the airline, borrowed $359 million to expand his fleet of DC-10s and Airbus A300s with the intention of adding new services between European and Asian capitals. Then trouble struck. Fuel prices surged, recession in the U.S. and Europe cut into passenger traffic, and the rise of the dollar's value against the pound upset Laker's balance sheet. Much of his revenue was in pounds, but he had to make debt payments in dollars...
...down to just two companies: Boeing and McDonnell Douglas. Both of them are also caught in the turbulence of the worldwide slowdown in air travel. Douglas had to swallow $144.3 million in development costs for the DC-9 Super 80 at a time when it sold only twelve DC-10s, and warned in September that it might have to stop production of wide-bodied DC-10s if the Air Force canceled orders for a military tanker version...
Laker's immediate problems are financial, and they have been sharpened by the yearlong rise of the dollar and the fall of British sterling on the world's money markets. For months, Laker has been seeking extra time to repay loans he took out to buy DC 10s and European-made Airbus A300s for his fleet. Included in the debts are $160 million in direct and guaranteed loans from the Export-Import Bank, and $131 million borrowed last January from a syndicate of 14 European and North American banks. His reason for seeking the extension: to avoid having...
...Godmother" Eileen Ford, trading les girls between continents as occasion and opportunity demanded. Then, in 1977, despite an unwritten agreement that he would not set up shop in the U.S., Casablancas descended on Manhattan. He promptly aggravated the assault by raiding some of Ford's most toothsome stars-10s or near 10s all-as well as some of her key operational executives...
That incident, as it turned out, was a harbinger of more disappointments. Going into the final rotation in the all-around competition, Comaneci was in sole possession of first place. She went to the uneven parallel bars, where she had scored back-to-back 10s in Montreal, and started her routine with glyptic precision and dancer's grace. Suddenly as she flew over the bar, she was unable to regain her grip and fell what seemed a dangerously long way to the mat. She resumed the exercise, receiving a 9.5 score, the maximum allowed after a fall. The Soviet...