Word: recouping
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Dates: during 1970-1979
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...seeking to turn a profit-whether for themselves or the bank is not clear-by speculating in Deutsche Mark and dollars without reporting their trades on the books. Apparently, after losing on some initial misguided trades, they wagered more and more of the bank's money trying to recoup, and the losses snowballed...
...their public optimism, few W.F.L. owners are predicting quick profits. Chicago Fire Owner Tom Origer has said that he is ready to accept losses of $5 million before making a cent. Most owners are counting on the eventual higher value of their franchises to recoup their heavy initial outlays. With such N.F.L. superstars as Larry Csonka, Calvin Hill and Jim Kiick scheduled to come aboard next year, the W.F.L. investments may well turn into winners ahead of schedule...
...more expensive, partly because power companies have been passing along the increased costs of coal and fuel oil. The efforts of homeowners to conserve electric power during the energy crisis have had a devastating catch-22 effect: because electricity use declined, the utility companies' revenues fell off. To recoup the loss, the companies have jacked up their rates still further, in some cases to the highest levels since World...
...1920s the coal mines were consistently the scene of conflict between labor and management. Between 1921 and 1924 the industry prospered and the workers received a reasonable pay increase through the influence of Ramsey MacDonald's first Labor government. When foreign competition lowered industry profits, management decided to recoup its losses by cutting workers' wages. The solution was completely unacceptable to the miners, and despite intervention by a newly elected Conservative government, the miners walked off the job. The government's position in that case, as expressed by Prime Minister Stanley Baldwin, was that "all workers of this country have...
...guidepost for millions of Americans who are likely to wind up wagering as much as $200 million. 'The action for the Super Bowl is tremendous," says a federal official who monitors nationwide gambling patterns. "The bettors go for broke. Those who lost during the regular season try to recoup. The winners dream of doubling their money." For all its size, Super Bowl betting is just the tip of an illegal pro football betting business, run by bookies and betting syndicates, that handles as much as $15 billion a year. Law enforcement authorities believe the Mafia has sizeable interests...