Word: sunk
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...know how. They were frightened out of their wits." Because of another communication gap, Boise Cascade's state-approved plan to create a hotel and resort complex on the island of Hawaii started a furor among people opposed to just about all speculative subdivisions. The company has sunk $30 million into the development but has not yet sold the first...
Along with ennui, tankermen are prey to fleeting fears. In the past two months, mysterious explosions have sunk three tankers off the coast of Africa. Last week four crewmen were killed when a Swedish tanker blew up in a Hamburg drydock. Loaded, the Europoort carries enough oil to pollute beaches from Holland to Spain, though Esso strictly bans any ocean discharges except in dire emergencies. Empty, the ship is as potentially explosive as nitroglycerin, with a rich mixture of oxygen and oil fumes in its massive tanks. To prevent inadvertent explosions, a Japanese company has designed an automatic system that...
...Price for Error. Lockheed Chairman Daniel Haughton thought that the proposal was impossible, but he was in no position to reject it out of hand. His company has sunk $1 billion into developing its 256-passenger TriStar jet, needs engines to power the plane, and has no chance of enforcing its contract with the old, bankrupt Rolls-Royce. Haughton will negotiate further in an effort to try to improve the proposed terms...
...cried when I read all about it later in the Times, the moralistic stories about the international hippies who were crashing in Vientiane and tripping constantly? Of course, it all would have turned out rather differently if I'd been smoking over there-the ultimate horror wouldn't have sunk...
...competition for supremacy in the market for giant jets, even the largest players have taken jumbo losses. Boeing Co. suffered severely when engines for its 747s were delivered late. Pan Am has had to scrub some 747 flights because of persistent bugs in the engines. Financially shaky Lockheed has sunk hundreds of millions into developing its TriStar jumbo jet, which is scheduled to make its first flight this week. Lockheed has 178 orders for the TriStar, far fewer than it needs to break even...