Word: recouped
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Payoff. Washington so far has picked up 75%, or $175 million, of SST development costs, and the bill may well soar to $4 billion. The Government intends not only to recoup its money but also to repay the losing firms' investment through still unspecified production royalties. Boeing has poured in $30 million of its own, has 2,400 Seattle technicians at work on the project. Lockheed has invested nearly $31 million in ten years of research and facilities for 1,900 engineers and other experts. In the engine competition, G.E. has spent $20 million, United Aircraft about $15 million...
Ostensibly, the brotherhood was demanding an apprenticeship program to train firemen for engineer positions. It was clear, however, that Brotherhood President H. E. (Ed) Gilbert was angling to recoup the power lost by his union in 1963 when Congress, to break a negotiations impasse over featherbedding, enacted the first peacetime compulsory-arbitration law. The arbitration board subsequently approved the elimination from yard and freight crews of nine out of every ten firemen jobs. At least 18,000 jobs have since vanished. Reacting promptly to the walkout, Federal District Judge Alexander Holtzoff held that the union had failed to properly mediate...
Guided by Jockey Braulio Baeza, Graustark breezed to a five-length victory. Owner Galbreath could undoubtedly recoup his $1,350,000 investment by selling Graustark right...
...furniture and liquor stores did only half their normal business; jewelers and camera and hardware stores reported sales declines of as much as 80%. To recover, many Manhattan stores scheduled post-strike sales. "Most businesses," predicted Macy's president, David L. Yunich, "won't be able to recoup their losses...
...cities to recoup their taxable property losses is to put up buildings right over the highways, as New York City has done on the westbound approach to the George Washington Bridge. Last week, following that lead, the District of Columbia granted air rights to the Department of Labor to build a $47.6 million office building that will straddle the planned Washington Inner Loop Freeway near the foot of Capitol Hill...