Word: downtowners
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Dates: during 1980-1989
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...arms of federal rescuers, moneymen across the country began nervously worrying about problem loans at other big banks. But they at least could take heart in the fitness of banks like Continental's archrival, First Chicago (assets: $40.5 billion). Located just three blocks from Continental in the downtown financial district, First Chicago seemed like a monument of strength. While many other big banks were posting shaky profits, it announced in July a second-quarter earnings gain of 23% over 1983. Last week, however, First Chicago made a stunning disclosure that stirred new concerns about the soundness...
...long as the practice does not represent a "real danger of establishment of a state church." For this reason, in a decision widely regarded as a bellwether, the court earlier this year allowed Pawtucket, R.I., to use public funds to erect a nativity scene as part of a downtown Christmas display. The court has upheld laws that have a "secular purpose," like promoting education, but advance religion as a side effect. Many court watchers expect the Justices this term to uphold a "time-sharing" program in Grand Rapids that sends public-school teachers into parochial schools for remedial programs...
What gives the New Republic its quirky, thought-provoking appeal is its openness to multiple points of view, often expressed in the same issue. The magazine's warren of offices in downtown Washington, eight blocks from the White House, has something of the atmosphere of a college dormitory during a particularly contentious bull session. The mostly young editors range from old-style liberals to neoconservatives, and while the magazine unequivocally supports Walter Mondale, several senior staffers say privately that they may vote for President Reagan. Says Editor Hendrik Hertzberg, 41: "We are carrying out in our pages the same...
...progress is Quinn's Book, another novel in the Albany cycle. Kennedy is increasing his nonwriting stake in the city as well. He recently bought the downtown rooming house where Legs Diamond was shot dead...
...class symphony, first class restaurants, the Michigan Opera, two zoos, Canada (across the Detroit River) and an industry which is the backbone of the nation's economy Construction has been increasing following Detroit's AAA bond rating and has resulted in the development of high rise riverfront apartments, a downtown office/shopping/ apartment/hotel complex, a light rail transit system, and other projects. And yes, Detroiters can also be proud of their Tiger's success. Yet despite all of this, Doctoroff unbelievably writes that Detroit "gives its citizens almost nothing in which they can take pride...