Word: reckonings
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...Times has been the newspaper for competitors to reckon with ever since Adolph Ochs bought it in 1896, 45 years after the paper was founded by a Republican politician and a few months before it would have died of terminal mismanagement. Ochs (which he pronounced ox, its meaning in German), the Cincinnati-born son of German-Jewish immigrants, had at the age of 20 acquired the flagging Chattanooga Times and revived it. He set out to work a similar miracle on Park Row, the Times's home until he moved it north in 1904 to Longacre Square (which city fathers...
...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...