Word: costs
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Dates: during 1970-1979
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...from the brink of bankruptcy by becoming a mecca for overseas tourists who still associate it with glamour and bathing beauties. Tony Alonzo, a Cuban refugee who opened a small store in Miami in 1965, has built a million-dollar business by supplying Latin visitors with products that either cost them much more at home or are not available at all because of import restrictions. "Some tourists spend their vacation in my store," he says. "They buy their whole year's needs of brands they know-Arrow shirts, Levi Strauss and Wrangler jeans, Pierre Cardin and Christian Dior." When...
...quest for a cleaner, safer environment has forced companies to adhere to thousands of dizzying-and expensive-Government regulations. General Motors has figured out exactly just how high the cost is running for itself...
...Regulatory Analysis Review Group made its debut by persuading Labor Secretary Ray Marshall to put off new federal regulations against cotton dust in mills. Those regulations, proposed by the Occupational Safety and Health Administration, would have helped reduce lung disease among cotton-mill workers, but at an annual cost of $200 million...
...meeting Government regulations at GM came to $1,258,000,000 last year, or an average of $200 for every car and truck the company sold in the U.S. The work involved the equivalent of 23,700 employees. It included everything from putting in new production machinery to the cost of designing cars to meet federal pollution, safety, health, noise and other regulations. But it did not include installation of federally mandated parts, such as emissions-control systems and safety bumpers, on the cars. These costs also become part of the price the consumer must...
...mile-wide passage near the glacier to block outbound icebergs. Similar barriers already help keep Greenland harbors free of drifting bergs. A feasibility study directed by Kollmeyer concluded that 20 men could put the cable in place within 40 days after the glacier's retreat is confirmed. Estimated cost: $31.1 million. Declares Don Ryan, a marine safety specialist for the Coast Guard: "So far, no one has suggested that our study is wrong or that the barrier approach won't hold water...