Word: chicago
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Dates: during 1980-1989
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...crowds that filled the lobby of the Federal Reserve Bank of Chicago last week were looking for more than a chance to admire the ornate ceiling and marble columns. They came to cash in on one of this year's hottest financial plays: U.S. Treasury securities. Enticed by a surge in interest rates and put off by the stock market, individuals have turned the once staid investment into a popular favorite. Small investors bought three-month and six-month T- bills at the record pace of $2.5 billion a week during the first quarter of 1989, compared with $2 billion...
...Government is a tough rival. Its customers can save the $25-to-$50 commissions that brokers and commercial banks charge on Treasury sales by purchasing the securities directly from the Government at a Federal Reserve Bank. For many investors, safety is still the ultimate lure. Said a Chicago police officer after buying a Treasury bond last week: "If you invest in the Federal Government, the whole country has to fall apart before you lose anything." Despite the Government's profligate spending habits, most people think it can still be trusted with a citizen's nest...
...players do not seem to understand that golfing is meant to get them away from the office. "There is nothing as disturbing as hearing a cellular telephone ring right in the middle of your swing," says Steve Lesnik, president of the company that manages the Kemper Lakes club outside Chicago...
...teaching restaurants are a good deal for both schools and patrons. Proceeds from the dining room of little Dumas Pere culinary school in Glenview, Ill., a Chicago suburb, help underwrite tuition costs for the 14 students. "The course value is $28,000," says school director Juan Snowden. "But the dining room profit helps knock almost $20,000 off that." Mark Erickson, the director of culinary education at C.I.A., speaks for many food educators, though, when he says, "We're more interested in students' getting good training in the restaurants than in making a good profit...
...Jerry Hannifin, Steven Holmes, Richard Hornik, Jay Peterzell, Michael Riley, Elaine Shannon, Dick Thompson, Nancy Traver New York: Bonnie Angelo, Joelle Attinger, Richard Behar, Eugene Linden, Thomas McCarroll, Naushad S. Mehta, Marguerite Michaels, Priscilla Painton, Raji Samghabadi, Janice C. Simpson, Martha Smilgis Boston: Robert Ajemian, Sam Allis, Melissa Ludtke Chicago: Gavin Scott, Barbara Dolan, Elizabeth Taylor Detroit: S.C. Gwynne Atlanta: Joseph J. Kane, Don Winbush Houston: Richard Woodbury Miami: James Carney Los Angeles: Jordan Bonfante, Jonathan Beaty, Scott Brown, Elaine Dutka, Cristina Garcia, Jeanne McDowell, Sylvester Monroe, James Willwerth San Francisco: Paul A. Witteman