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...explanation for the casinos' failure to live up to their civic responsibilities is that only five out of twelve posted a profit last year. Overall, the casinos earned just $14.7 million after expenses in 1988, a meager return on the $2.73 billion that gamblers lost in the slot machines and at the tables, according to Marvin Roffman, a casino analyst with Philadelphia's Janney Montgomery Scott. The reason is the debt the casinos have taken on in the past three years, much of it through junk bonds, either to fight off takeovers or engineer them. Atlantic City's casinos have...

Author: /time Magazine | Title: Atlantic City, New Jersey Boardwalk Of Broken Dreams | 9/25/1989 | See Source »

Brattle St. is a traditional stronghold of the liberal Cambridge Civic Association, which is backing Duehay in the upcoming election and which opposes Independent councillors such as Walsh...

Author: By Matthew M. Hoffman, | Title: Duehay, Walsh Clash in Commonwealth Day Debate | 9/19/1989 | See Source »

...woman, I am insulted and feel abused by this cynical use of 'choice' as the latest, slickest and most misleading marketing trick on the part of the pro 1-2-3 forces," said Stephanie A. Gramolini, president of the good-government Cambridge Civic Association. "Make no mistake about it, the only choice that 1-2-3 offers is the opportunity for increased profits for the real estate industry," she added...

Author: By Brian R. Hecht, | Title: Prop 1-2-3 Foes Blast 'Misleading' Slogan | 9/19/1989 | See Source »

...three vacancies leave the race wide open. The good-government Cambridge Civic Association (CCA)--which has commanded a fourmember minority on the council since the early 1970s--and other liberal groups could make up a progressive majority on the council come next November. But given the edge PR seems to give incumbents, the CCA is facing an uphill battle...

Author: By Matthew M. Hoffman, | Title: Change Is a Certainty in a Wide Open Race | 9/15/1989 | See Source »

...three vacancies leave the race wide open. The good-government Cambridge Civic Association (CCA)--which has commanded a four-member minority on the council since the early 1970s--and other liberal groups could make up a progressive majority on the council come next November. But given the edge PR seems to give incumbents, the CCA is facing an uphill battle...

Author: By Matthew M. Hoffman, | Title: Change Is a Certainty in a Wide Open Race | 9/13/1989 | See Source »

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