Word: costs
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Dates: during 1970-1979
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Phillips Brooks House, according to its charter, is available for rental to any outside group at minimum cost. Organizations from Scottish folk dancing to recruiting law firms have rented rooms there...
...million bbl. of crude-little more than a week's supply-has been stockpiled. What is more, Energy Department technicians are still struggling with technical problems regarding the seemingly elementary task of getting the oil out of the ground. These difficulties, as well as the ever rising cost of the imported oil involved, are sure to push the cost of the program far above the currently planned $14 billion...
...thing that DOE can do nothing about is the prospect of yet another increase in oil prices. Even a small scarcity in such a valuable commodity can produce large jumps in cost, and that is exactly what is now happening on the so-called spot market. There, oil companies bid for any available crude that is not already committed to customers under long-term contracts. Though the quoted long-term OPEC price currently stands at about $13 per bbl., spot-market oil last week was trading for as much as $17 per bbl. Warns Energy Economist John Lichtblau...
...only central exchange for dealing in such high-cost properties AMREX is prospering. It charges a ½% commission on the first $1 million of any transaction and ¼% each million above it. Twenty-five percent of this amount goes to the floor specialist who put the deal together. (Most specialists successfully close from three to five deals a month but may make as many as 20 prospective match-ups a day.) Though Jackson's expansion plans include opening a London office, his customers seem quite pleased with the present setup. Says Connelly AMREX is like a candy store. There...
Major problems remain. A first is cost: the alarm sells for $1,500; parent training sessions, social worker home visits and a 24-hour hospital team of doctor, nurse and alarm repairman can bring the final tab to a daunting $4,000. Moreover, many apnea-prone babies die from a first attack, before parents are aware of the need for medical help. Most discouraging, apnea is almost certainly not the sole cause of SIDS (one Boston specialist puts the incidence rate at anywhere from 5% to 90% of all SIDS cases), so the alarm can only be a stopgap measure...