Word: chicago
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...gurus and probably started a few graduates on the path to success. But many mortgage lenders and real estate brokers, irritated by shaky financing schemes proposed to them by the no-money-down graduates, think the preachers make it look much too easy. Says Mary Burton, owner of a Chicago real estate agency: "People who call in after these seminars want everything. They want a cheap price, a good location and terrific terms. I see it as a waste of time...
...when their company agreed to merge with Texas Air. Reason: Texas Air Chairman Frank Lorenzo has earned a reputation as a fierce foe of unions. Now it appears that Eastern's workers may be maneuvering to foil the deal. Union representatives have been meeting with Jay Pritzker, a Chicago financier who controls Braniff Airlines and the Hyatt hotel chain. Pritzker is said to be considering a bid for Eastern in return for wage concessions from the workers. Texas Air controls 51% of Eastern stock, but Pritzker could conceivably make Lorenzo a lucrative offer that he could not refuse...
DIED. Mircea Eliade, 79, Rumanian-born historian of religions, authority on spiritual myths and symbols and longtime (1957-85) professor at the University of Chicago, whose works of encyclopedic research and interpretation, including The Myth of the Eternal Return (1949), The Sacred and the Profane (1959) and his definitive three-volume A History of Religious Ideas (1979-85), introduced to the West an appreciation of Eastern religions and of the parallels of thought and practice in vastly different cultures; in Chicago...
...cutting campaign, an alien notion in the high-living world of network television. Layoffs have hit nearly every part of ABC's TV operation. More than 70 people were let go in the news division; some 300 positions were cut at ABC-owned stations in New York, Los Angeles, Chicago and San Francisco. Such familiar trappings of the executive life-style as limousines and liberal expense accounts are now frowned on. Programming, too, may soon feel the knife. The network known for such blockbuster mini-series as Roots and The Winds of War is now shying away from these extravagant...
However, the image of professional athletes as complacent money grubbers has lately been suffering. Michael Jordan, pro basketball's most sublime subject, missed 64 games this year with a wounded foot but declined the Chicago Bulls' invitation to shirk the remainder of the season. Jordan would not even let the Bulls curtail his court time. "I am a basketball player," he declared, and rejoiced in scoring 49 and 63 points even while losing to the Boston Celtics...