Word: sky-high
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...volume record and many of its price records have been broken as frantic traders have bid up many farm products. Early this year, for example, wheat was selling for around $1.48 a bushel for deliveries in March, but traders are now agreeing to pay $2.69 a bushel. Such sky-high prices will push the value of all commodities traded on the exchange this year to an estimated $120 billion, a 36% increase over last year's record of $88 billion...
...wish to express my great delight in reading about Construction Worker Tom Dowd's "good buck"-$94,000 a year [Sept. 181. Here is a story of a doer, a worker, a builder who can work skillfully with his hands if need be. Never mind the comments like sky-high paychecks, outrageous, grossly inflated, needless expense...
...Sky-high paychecks like Dowd's probably pose less of a problem than the aggregate of less outrageous but still grossly inflated wages paid to workers throughout the $110 billion construction industry. Yet Dowd's semi-millionaire status is an example of needless expense that will be passed on in turn to the World Trade Center's owner (the Port Authority of New York and New Jersey), to the buildings' tenants and ultimately to the public. The cost of the Trade Center, originally projected in 1964 at $350 million, has steadily increased; including some work...
...extortionist telephoned Cunard Lines and demanded a queen's ransom of $350,000. Six bombs were hidden aboard the Queen and ready to detonate, the caller warned. They had been placed there by an ex-convict and a terminal cancer victim who were fatalistically prepared to be blown sky-high along with the ship's 1,481 passengers and 900 crewmen...
...medical expenses, lost work time and damages to his car. For insurance companies, the cost of covering these actual losses should theoretically be the same as under the old system, while the cost of administering them ought to be drastically cut. The result should be reductions in currently sky-high premium rates, or at least a limit on yearly increases. At present, legal costs and sales expenses eat up 56? of every dollar paid for auto-insurance premiums. Says Professor Guido Calabresi of Yale Law School: "Any reparations system where half the investment goes for administrative costs is lousy...