Word: drexel
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Dates: during 1980-1989
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...from the track," says Raymond Johnson, 31 a groom since 1976. "It's just a known fact: Cicero is Cicero, the same as it's always been-racist. You watch your step." In the fall of 1980, two black race-track families enrolled their children in Drexel Elementary School, three blocks away. A crowd of glaring white parents forewarned, confronted the five children on their first day of school. The principal declared that he could not guarantee their safety. The youngsters did not return after the first week, and no black in Cicero has dared to register since...
Hercules Segalas, a senior senior vice president with Drexel Burnham Lambert and Wall Street's leading expert on P & G, is already calling the cookie "a clear winner." He predicts that the product will be available nationwide with in a year and will generate annual sales of perhaps $400 million...
...Still, with models that range in price from $12,000 to $20,000, Volvo has succeeded in skimming some of the luxury cream off the automotive market, along with its prospering high-priced competitors Mercedes-Benz, BMW, Saab and Porsche. Notes Analyst David Healy of New York's Drexel Burnham Lambert: "Only the affluent can consider buying cars now. To them money is no object...
...working mothers and two-income families, who are frequent restaurantgoers, have found that Mexican food can be salvation for the budget. The average dinner-and-drink tab is less than $10 at leading Mexican dining spots. Notes Alan Creditor, a top food analyst with the Wall Street firm of Drexel Burnham Lambert: "Mexican restaurants have two things that are very attractive to Americans-taste and a good price...
...restaurant group: "You have to look at all these subtleties. It's critical in some places, particularly the Midwest." Soliman predicts that Mexican restaurants will double their business by 1985. Many others are bullish as well. "I don't think it's a fad," says Drexel Burnham's Greditor. "Is pizza a fad?" Says William Trainer, a restaurant analyst for Merrill Lynch: "I think Mexican restaurants have lots of room to grow." Regardless, the onrushing Mexican-food chains have already made tostadas, burritos and the like as familiar and as American as egg foo yung...