Word: downtowner
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Dates: during 1980-1989
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...panic spread to Baltimore's Merritt Commercial Savings (assets: $339 million) following news reports that state regulators had asked the thrift to bolster its cash position by selling a 39-story downtown skyscraper it is constructing. Maryland authorities tried to restore confidence by placing both institutions under the wing of state conservators, but that failed to stop the runs from spreading to other privately insured thrifts...
...with liberals and the press. He did away with Philadelphia's old-fashioned mercantile tax, which in effect imposed a sales tax on city goods no matter where they were sold, and replaced it with a more modern tax on corporate earnings. He helped create the current building boom downtown, where some 6 million sq. ft. of new office space is under construction. Says Ralph Widner, executive director of an association of Philadelphia's chief executive officers: "For the first time in 20 years, there is a warm, close partnership between the business leadership and city hall...
Indeed there has. The martini, once a symbol of American imbibing, memorialized in thousands of neon outlines of cocktail glasses, is becoming an amusing antique, like a downtown Art Deco apartment building. The new sign of the times? It should be the outline of the ubiquitous green Perrier bottle. Whether it is imported from exotic locales or comes from a local spring, cool, clear water is the quaff of the moment. "Everyone is drinking Perrier and iced tea," observes Sondra Gotlieb, wife of the Canadian Ambassador to the U.S. "White wine is almost daring now." The temperate mood is transforming...
...survived Auschwitz, said angrily, "I still can't believe I am here to see my President rehabilitate the SS." Sixty members of the World Jewish Student Union held a vigil in the town square. Reagan came close to a protest scene only as his motorcade passed through the downtown area en route to the air base. There was a brief scuffle as police carrying plastic shields broke up a fight that had started among the protesters. Overall, the demonstrations were smaller than expected and major clashes were avoided...
...more serious anti-American display occurred Sunday in Madrid, where Reagan was scheduled to begin a two-day state visit on Monday as the guest of King Juan Carlos and Queen Sophia. Some 500,000 protesters marched through the downtown area, burning American flags and calling Reagan a "murderer" and a "fascist...