Word: chicago
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Dates: during 1980-1989
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Scott grew up in an integrated neighborhood in southwest Chicago. "I always believed I could go anywhere and mingle with anyone," said Scott. "It just didn't occur to me that Cicero could be so prejudiced." Still, it was impossible not to have heard of Cicero's reputation. Scott recalls how his family was appalled when Martin Luther King Jr. was forced to postpone a march through Cicero in 1966 because of the threat of violence. Scott was five years old at the time. Since then, there have been numerous assaults against blacks who attempted to live in Cicero. "Cicero...
...fire bomb. Beside the telephone is the number of the FBI. The Sleds have warned their relatives that it is not safe to visit them. "Half of these people have more schooling than I could ever get, and yet they do this," says Donald, his eyes shaded by a Chicago Bears cap. "I can't understand...
...afraid that the Sleds may be followed by other black families, that white residents will move, then property values will plummet, and the neighborhood will deteriorate. "I'm afraid of what could happen," said one 75-year-old woman. Until 1972 she and her husband lived in Austin, a Chicago suburb that went from predominantly white to predominantly black. "We had to sell our home for nothing," she said. "What happens if this whole doggone neighborhood gets up and leaves? We're too old to move again." She does not know if she can trust her neighbors not to panic...
RIDING A SMALL, FAST-MOVING VEHICLE. Anticipating the collapse, the managers of suburban Chicago's relatively tiny Mathers Fund moved 62% of its assets into cash in the months before Oct. 19. Then they plunged back into the market during the last 45 minutes of Black Monday and kept buying for nine days. Since then, their purchases have surged in value, helping to boost the Mathers Fund from $154 million in assets just before the crash to $201 million now. Its increase of 27% during 1987 was the best performance by any U.S. growth fund...
TAKE THIS JOB AND SHOVE IT. Richard Dennis, 39, known in Chicago as the Prince of the Pit, was one of the most successful commodities traders in the world. He launched bold invasions into markets ranging from Treasury bonds to precious metals. But he took a bath in financial futures after the crash and in grain during last summer's drought. His two public commodities funds lost an estimated $50 million in the past year, or nearly 50% of their value. Dennis decided last month to pack up his diminished fortune, estimated at $200 million, and move on to another...