Word: burbanked
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...competition and the vast debt load that companies assumed in the 1980s, American firms can no longer afford to hire back workers anywhere near as briskly as they have done after past recessions. Quite the contrary: as banks, retailers, computer makers, defense contractors and other firms from Boston to Burbank slash their payrolls in the face of falling profits, experts say nearly half the 1.6 million jobs the economy has lost in just the past 13 months may never be restored...
Disneyites occupy a zany new Neoclassical corporate headquarters that Graves designed in Burbank, Calif. (the Seven Dwarfs, each cast 19 ft. tall in concrete, support the pediment). In December the first guests checked into Stern's two ersatz-turn-of-the-century hotels at Disney World in Lake Buena Vista, outside Orlando. May marked the opening of the most interesting of the Disney architecture, an administration building in Lake Buena Vista by Arata Isozaki. And at Euro Disney outside Paris, where a $4.1 billion theme park and resort will open next spring, buildings designed by Graves, Stern, Frank Gehry...
Even with the closing of a Lockheed manufacturing plant in Burbank last year and the loss of other industries to other Western cities, forecasters predict a net increase of new businesses in the five-county Los Angeles area in 1991. During the decade of the 1980s, in fact, 40% more businesses flocked to or were started up in L.A. than ran away, a burst of enterprise that covetous rival cities rarely match. Such economic success makes it easier for Los Angeles to endure its vile reputation. Says Mesa's Mayor Rubach with a shrug: "If we didn't also want...
Several Harvard faculty members appear on the list, including Martin S. Feldstein '61, Baker professor of economics; Dwight H. Perkins, Burbank professor of political economy and director of the Harvard Institute for International Development; and Stephen G. Breyer, U.S Circuit Court of Appeals judge and Harvard Law School professor...
Country and western stations are also getting into the act. Disc jockey Ken Cooper at KZLA in Burbank, Calif., came up with several parodies, such as a twist on Hank Williams Jr.'s "All My Rowdy Friends Are Coming Over Tonight" that goes "All My Saudi Friends are Coming Over Tonight...