Word: chicago
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Dates: during 1980-1989
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...name change, which is expected to cost UAL about $7.3 million. Allegis, Trump said, was "better suited to the next world-class disease." Along with the boyish billionaire, the Wall Street rumor mill named as possible UAL takeover partners the New York investment firm of Coniston Partners and the Chicago-based Pritzker family, which controls Braniff and owns 1% of UAL's shares...
...described by Dubinsky before about 3,000 United employees at a suburban Chicago sports center, the plan calls for employees to buy the airline by raising $2.3 billion and assuming $2.2 billion worth of the airline's debt. United pilots, who earn as much as $156,000 a year, have volunteered to give up anywhere from 5% to 25% of their salaries to help make the buyout work. A representative of Lazard Freres, the investment banking firm that employees have enlisted to help raise cash for the takeover bid, pronounced the venture "viable." One notable believer in the scheme...
...kind of town, Chicago is," crooned Mayor Harold Washington with more enthusiasm than tune. He had good reason to sing: the elated mayor was celebrating his re-election and emergence as Chicago's most dominant political figure since the late Mayor Richard J. Daley. Washington took 53.5% of the vote last week to trounce his archenemy, former Alderman Edward Vrdolyak (42.2%), and Republican Donald Haider (4.3%). Cook County Assessor Thomas C. Hynes withdrew from the race 36 hours before the polls opened...
Becoming the first Chicago mayor to win re-election since Daley did it twelve years ago, Washington gained the kind of clout he will need to recast the city council and the shattered Democratic machine to his liking. But Chicago's bitter political divisions remain: the mayor captured an estimated 95.6% of the black vote but just 20% of the white vote...
...boom in technology has been an added burden, especially for research universities that have to keep up with the latest computer and scientific hardware, regardless of price. At the University of Chicago, the $225,000 allotment that covered equipment for physiology and biology research ten years ago has grown to $1.4 million. Moreover, universities must scramble to replace outdated facilities. Says Northwestern's Weber: "We have buildings here that cost $1 million to build 80 years ago, and cost $5 million just to repair." And books are not any cheaper. To maintain its library, Northwestern orders 29,000 periodicals...