Word: reckonings
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Dates: during 1970-1979
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...cost to New York is more difficult to reckon. There was no official estimate of the loss, but some city officials thought the total?including damage to buildings and theft of their contents?might be a staggering $1 billion or more. Because of the blackout, the city lost $4 million in tax revenue and had to pay $5 million in overtime to policemen and firemen. Estimates of business losses?beyond the looting?included up to $15 million in lost brokerage commissions for Wall Street and $20 million for retail stores...
Faced with overpowering U.S. competition on world markets and suffering from the commercial flop of Concorde, the French aviation industry needs restructuring into a single, strong entity. Observers reckon that little by little, Dassault will be moved into the orbit of government-owned Aérospatiale, the biggest aircraft company in France (1976 sales: $1.8 billion). But Aérospatiale is ailing. Last year it lost approximately $125 million, thanks mainly to Concorde costs. Clearly this was a situation the government could not tolerate. Last week executives at Aérospatiale headquarters in Paris were jubilant. "Yes, we think...
...stimulus to American cigars," insists Carl J. Carlson, executive director of the Cigar Association of America. Since the embargo began, total cigar sales in the U.S. have receded from more than 6 billion a year to just 5.3 billion in 1976. A return of the Cuban smokes, cigarmen reckon, might inspire a whole new generation to sample the legendary product, then to buy American cigars as well - especially since they cost about 12? on the average, while their Cuban cousins often go for more than a dollar. What is more, before 1962 some 95% of the Cuban cigars sold...
...hasty anointment, one that failed to reckon with the cunning of Dellacroce. In contrast to Galante, he dropped out of sight. But he recruited one or more look-alike stand-ins to appear publicly in his place. He will have a double either check in at a New York hospital, to create the impression that he is sick, or relax outside the Dellacroce vacation home on Key Largo, thus setting off rumors that he has retired. The real Dellacroce, meanwhile, is running things from his discreet haunts in Lower Manhattan and Brooklyn...
...Russian naval authorities have formed a joint committee aimed at trying to control the chicken game, but it remains a hazard of the sea. Navy officials, who released pictures of the Voge incident last week to publicize the continuing gamesmanship in the Med, reckon that the Soviet skipper did not mean to hit the Voge but simply miscalculated. Said one officer: "He just goofed, that...