Word: reopening
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...week after looters wrecked the R & M furniture store on East Tremont Avenue in the South Bronx, Co-Owners Irving Wiener and Richard Margolin stood in their showroom-empty except for four Day-Glo orange overstuffed chairs-and wondered if they could reopen. They had lost $100,000 worth of merchandise during the blackout and had not yet learned whether their personal disaster was covered by insurance. Explained Wiener bitterly: "Our policy covers damage by riots, but the mayor hasn't declared this a riot." Down the street, Polish-born Harry Sperber figured that he had to restock...
Broken Glass. A few blocks away, Lawrence Spanier was also concerned about the future. He had replaced the broken windows in his store and obtained enough clothing from his suppliers to reopen, at least temporarily. Said he: "We haven't decided whether we'll stay, whether it's worth the investment. This could happen all over again...
...owners of the 2,000 stores that were.plundered, Thursday was a day of reckoning their losses. It was a day of sweeping up debris, nailing plywood across jagged, broken windows and pondering whether to reopen. Alan Rubin, owner of the Radio Clinic discount center on Manhattan's upper West Side, told a reporter: "I'm responsible for 25 families?the families of the people who work for me. What's going to happen to them if I pull out? As bad as I got hit, there are other guys who got wiped out. What's going to happen if they...
Those willing to reopen were eligible for low-interest loans of up to $500,000 from the Small Business Administration. More than 400 store owners asked for information about the loans, but many others were skeptical. They said that they had been stripped bare and demolished, that all they had worked and saved for over the years was gone, that it was financially and emotionally impossible for them to start again. Declared Stanley Schatel, owner of Nice & Pretty, a badly damaged sportswear store in Brooklyn: "Get a loan? Are you crazy? You think anybody in his rightful mind would want...
...have scaled down Schmidt's confident prediction of a 5% G.N.P. growth rate for 1977 to 4.5% at best. Partly because of joblessness, West German youth are restless. Predicts one top-level federal Education Ministry official: "I think we can expect trouble in the fall when the schools reopen...