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...cost to New York is more difficult to reckon. There was no official estimate of the loss, but some city officials thought the total?including damage to buildings and theft of their contents???might be a staggering $1 billion or more. Because of the blackout, the city lost $4 million in tax revenue and had to pay $5 million in overtime to policemen and firemen. Estimates of business losses?beyond the looting?included up to $15 million in lost brokerage commissions for Wall Street and $20 million for retail stores...
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