Word: chicago
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Dates: during 1970-1979
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DIED. James T. Parrell, 75, novelist who wrote the 1930s classic Studs Lonigan trilogy; of a heart attack; in New York City. As a scrappy, street-smart youth on the South Side of Chicago, Farrell acquired a passion for baseball ("my longest and most faithful love") and an equally durable horror of what he called the "spiritual poverty" of the working-class Irish "with their sad history and their great dreams that collided with the facts of American life." After dabbling in Marxism and liberal arts at the University of Chicago, Farrell chose to escape spiritual poverty by writing about...
...sales will remain strong but sailboats will be down," a sign that while millionaire boatowners remain secure weekend sailors are financially vulnerable. Then again, as always in recessionary times, women are continuing to buy cosmetics regardless of cost. At the fancy Georgette Klinger skin care salons in New York, Chicago, Beverly Hills and Bal Harbour, Fla., sales of treatments and assorted preparations have continued to rise at 20% per year. But this year, reports Owner Klinger, people are economizing by "buying larger quantities-two and three quarts of skin care products rather than...
Insurance firms and banks have been hit especially hard by the shortage, but the effects are also being felt in such "glamour" industries as publishing, television and advertising. Chicago's First National Bank has been giving $500 bounties to employees who recruit new secretaries, and the big CNA insurance firm offers color TVs. Sears, Roebuck and California's Crocker National Bank have held open house parties in an attempt to attract applicants...
...Chicago Attorney John Kennelly, 62, an air crash expert who has so far filed suits on behalf of the relatives of 22 victims in the Chicago crash, charges that the insurers traditionally stretch out the litigation to hold on for as long as possible to the large sums of money they will inevitably have to pay out. The interest on the money alone is worth millions; Kennelly argues that that interest should be added to the final award...
That will not happen any time soon, and the Chicago crash is shaping up as the most expensive aviation liability case to date. The record for damages is now held by the crash in 1974 of a Turkish Air lines DC-10 near Paris, which has so far cost its insurers some $68 million. But because of inflation and because the passengers were Americans with higher earning potential, the Chicago crash could cost as much as $200 million in claims, which may take several years to settle. Says one Los Angeles attorney: "I call it the megabucks of Chicago...