Word: costly
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Dates: during 1980-1989
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...years, there are rumors of looming food riots this winter, and Gorbachev is not the hero at home that he is abroad. It is no wonder, then, that the Soviets, as former U.S. arms negotiator Paul Nitze says, "have turned inward, looking at what the military establishment has cost the people, the society, the economy...
...problem in doing such programs is the cost. Elaborate special effects are too expensive for most TV series, and the tackiness can show. Superboy, for example, is an engaging adventure series based on the comic book, but the TV hero's cheesy superantics come straight from Woolworth's. Low-rent special effects have also turned War of the Worlds -- an update of the H.G. Wells novel and 1953 movie -- into a dreary stalemate. Last season the evil aliens seemed to do little but abduct unsuspecting earthlings and transform them Invasion of the Body Snatchers-style into blank-eyed automatons...
...Marina Del Rey, Venice and Long Beach are built on sandy soil and landfill that could liquefy during a temblor, amplifying its destructive impact. State transportation officials last week handed the city council a list of 48 highway bridges and overpasses that need reinforcement to withstand a powerful quake. Cost: $32 million. Los Angeles' city engineer Robert Horii informed the city council that $100 million worth of shoring up may be required on the city's bridges and viaducts. Said Horii: "I didn't believe the urgency was there until what happened last week." Pointing to the collapse of Oakland...
Only about one in five Bay Area homes was covered by earthquake insurance, and generally for only 85% to 90% of its value. (Earthquake insurance can cost as much as $800 a year for a $200,000 house.) Jack Byrne, chairman of Fireman's Fund, figures that insurers will eventually shell out $2.5 billion to repair earthquake damage. They stand to recover perhaps two-thirds of that from international reinsurers -- Lloyd's of London is the biggest -- which protect insurers against catastrophic losses. Still, the earthquake claims, coming less than a month after the devastation caused by Hurricane Hugo, could...
...another, and at whatever cost, the earthquake damage will be repaired. The bigger question is whether the Bay Area's prosperity will be affected over the long term. Though the region's economy is still growing, at least since 1983 it has fallen behind that of the Los Angeles area, and the Bay Area has lost relative importance as a financial, insurance and manufacturing center. It is too early to tell whether the earthquake will affect that trend, especially since the Los Angeles area is equally, if not more, vulnerable to the fearsome...