Word: dropoff
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Dates: during 1960-1969
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...resident, wakened at 5 a.m. by the sound of an approaching outboard, saw a white Boston Whaler being beached on a neighbor's lawn and, because of a recent rash of burglaries, phoned the police. Because the FBI had not bothered to notify the police of the ransom dropoff, two officers responded to the call. They spotted what appeared to be two men, one carrying a duffle bag, the other a suitcase and a carbine. At the appearance of the police, the two dropped everything and escaped. The duffle bag contained scuba diving gear. In the suitcase was Mackle...
...president and administrative head of the Penn Central, announced that railroad operating earnings in 1967 plunged from $43,554,927 to $1,233,610-a full 97%. Even with subsidiary endeavors counted, the Central's profits went from $60,215,400 to $10,996,000-an 81.7% dropoff...
...Piggyback" Discount. At the big midtown newsstands, dealers are returning twice as many unsold papers as usual, and sales are off 12.5%. The fat Times is faring best, say the dealers, with a dropoff of only 5%-not bad considering the fact that it has doubled its newsstand price to 10?. As for the Herald Tribune, which also hiked its price by a nickel, circulation is off-but just how much will not be known until the Audit Bureau of Circulation releases its next official, semiannual report sometime after Sept. 30. "It has held up better than we anticipated," says...
...primary cause of the dropoff is political and psychological. In January, after his advisers reported increasing resistance from potential U.S. investors, Puerto Rico's Governor Luis Muñoz Marin showed up at a Manhattan hotel to give a pep talk on the Commonwealth's economic possibilities to 500 U.S. businessmen. When he finished, the first question was: "What about Castro?" Fearful that Castroism has high export value, many U.S. businessmen wonder if Cuba's nationalization of U.S. investment (totaling $1.5 billion) may be an augury of things to come across the hemisphere...
...good. Yet ironically, competition is fiercer than ever. Because youngsters really want to attend the college they apply to, Ivy League campuses can no longer overbook freshmen classes, and may reject an even higher proportion of serious applicants. Colleges are not sure whether to fear or cheer the dropoff...