A ferocious ball club owner, a city on the brink of financial collapse, a blackout, a free-wheelin' dad, and The Reggie Bar... that was the summer of my youth.
I have lived through the breakdown of law and order, the crack epidemic, suburban flight, financial meltdowns (several), blackouts, riots, gentrification, and real estate booms and busts (several), all of which have seemed to threaten New York's way of life.
The state has yet to calculate its overtime costs or the statewide financial impact of the blackout.
Last November, I wrote an article urging New Yorkers to eat in downtown restaurants to help ease the financial harm done by the blackout.
Odd circumstances abounded yesterday for the people who work on Wall Street, but, operating largely on diesel-fueled generators, the financial markets muddled through the blackout without fail.
For a modern economy, a massive blackout may involve financial losses exceeding the economic benefits resulting from market competition.
In the late 1970s when Edward I. Koch won his first term as mayor of New York, the city was in shambles, its coffers and confidence sapped by financial crises and a paralyzing blackout.
Frederick anticipates that the N.F.L. and other leagues will oppose the elimination of the F.C.C.'s rules by saying that blackouts are a financial necessity.
He also said the blackout had meant "significant financial losses" for the station, though he was unsure exactly how much money had been lost.
The most pressing problem, after all, is not the blackouts but the imminent bankruptcy of the utilities; their financial distress also indirectly contributes to the blackouts, because of the difficulty they have in paying suppliers.
