Word: costing
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Dates: during 1970-1979
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...shortage forces them to rely much less on their large cars, millions of Americans have run smack into a painful reality: unlike all other industrial nations, the U.S. lacks a coherent, efficient and low-cost system of mass transportation...
...they want, the time needed to build a system is staggering. If an 18-mile subway planned to link downtown Los Angeles with part of the residential San Fernando Valley gets federal funding this year, the line is not expected to be completed until 1990. Meanwhile, inflation makes original cost estimates ridiculous. In 1968 the entire 101-mile Washington Metro was planned to cost $2.5 billion; already $4 billion has been spent, but it is only one-third completed...
First there was the crash in May of the American Airlines DC-10 in Chicago, taking the lives of 275 people in the worst U.S. air disaster. Lloyd's underwriters hold 16.5% of the coverage of that flight, which could cost them many millions. If the plane is found defective, the product liability claims against the builder, McDonnell Douglas, would be even larger. Lloyd's underwriters carry much of that insurance...
Last January the unexpected happened: IBM announced its new 4300 series of computers, which are faster and more powerful than anything else on the market-and cost 30% less to lease. Immediately, some firms began switching to the new computers and canceling their leases of other models. Lloyd's underwriters stopped issuing their policy, as claims began to flow in from leasing companies. Last month one of them, Federal Leasing Inc. of McLean, Va., filed a $627 million damage suit against the London insurance group. Itel, though badly shaken by the new IBM machines, is more patient. Says...
...this Wimbledon, or something dreamed up by an OPEC entrepreneur? Not only was the price of strawberries and cream up sharply, from $1.20 to $1.65, but a glass of champagne cost $3.30, a dollar more than last year. To top it all off, an unseeded but well-endowed Californian named Linda Siegel, 18, momentarily popped out of her daring, halter-neck tennis dress in mid-stroke during a losing engagement with Billie Jean King. GAME, SET ... OUT! chortled a Fleet Street headline...