Word: downtowner
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Dates: during 1980-1989
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They were bulky and loud and could squeeze unwary fingers, but millions of Americans relied on them for clean socks, shirts and underwear all the same. Since 1909, Maytag (1982 sales: $440.8 million) has turned out nearly 12 million wringer washers from its plant on the edge of downtown Newton, Iowa. But automatic washers and dryers have drained away much of the business for wringers, and Maytag will stop making them by the end of the year. "We're experiencing a great sense of loss here," laments a company executive. "The wringer was our only product for 42 years...
...proliferation of investment fields since the 1960s has multiplied the tasks of Cabot and his colleagues, who work full time in downtown Boston overseeing the University's $2.44 billion endowment fund. Because many of the highest earning investments are also the newest and riskiest, the company in the last six years has hired now experts, turned increasingly to outside consultants, and delved into at least a dozen new areas of money management...
...three, their eyes widening in astonishment as they stare at the 5-ft.-long model of the Boeing 747 with its hundreds of miniature seats. Details about the disaster have seeped slowly into the Soviet Union, and the pedestrians passing in front of the Japan Air Lines office in downtown Moscow pause to ponder the tragedy of Korean Air Lines Flight 007. "Oh, is that the plane?" asks a wide-eyed schoolgirl. "It's so big." Murmurs her friend: "All those people." The exact death toll of 269 has not been made public to the Soviet people. "More than...
...says Art Kratkiewicz, 26, a Houston banker and member of the Texas Club. "It's not like going up to someone in a bar and asking them what sign they are." Notes Accountant Chris Sands, 31, whose habitat is the flashy McLean Sporting Club, half an hour from downtown Washington: "If you can't meet somebody here, you can't meet her anywhere...
...First National Bank of Chicago "Just caved in," says Norman Walkins, a worker at the Chicago branch of CALA. Weighing financial balances, the bank decided to forego its commission on the nearly $10 million in Krugerrands that it handled each year. "There is now no major bank in downtown Chicago that sells or handles Krugerrands," Walkins says...