Word: exoduses
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...north. All of this changed in the '60s with the arrival of the subdividers and developers who cut many of the farms into lots, built ranch and split-level houses in the $30,000 to $35,000 price range. Soon Black Jack was engulfed by the white exodus to the suburbs. Now the town is in the middle of a controversy that is certain to be one of the major civil rights issues of the '70s: Can the white suburbs that encircle the nation's big cities continue to zone out poor blacks...
...Soviets were so eager for West German trade and technology that they would be willing to guarantee the economic viability of the city and improve the lot of West Berliners by safeguarding the access routes between West Berlin and West Germany. Otherwise, Western firms will leave, and their exodus would cause an economic and psychological crisis in the isolated city...
...Mobil Oil and Uniroyal-have kept their home offices in Manhattan but have moved or soon will move a significant part of their staffs out of town. The figures, compiled by TIME with the aid of the Fantus Co., a leading adviser to companies considering relocation, show that the exodus from Manhattan is speeding up ominously. Fantus Chairman Leonard Yaseen says that "three-quarters of the top 200 companies in New York City are either moving or thinking of moving...
Even with the defections, Mayor John Lindsay's city runs no immediate risk of losing its standing as the nation's corporate capital. Of the 500 largest industrial companies, as measured in last May's FORTUNE list, 125 have their headquarters in Manhattan. The growing exodus, however, hits troubled New York City where it hurts the most: in prestige and the pocketbook. Already skirting municipal bankruptcy, despite the highest per capita tax load in the U.S., the city cannot afford a commercial hemorrhage. Trade and finance are the city's lifeblood, the main creators...
...bond issue referendums on the ballot to raise funds for public works projects. The banks were delighted at the prospect of bidding on the profitable bonds. He announced that high-rise apartments were the administration's official answer to the suburban exodus, and that the lake front and the central city would someday bristle with residential skyscrapers. The banks and real estate interests were enthralled. Planned expressways, all of them leading to the downtown business section, would be put on a hurry-up, round-the-clock schedule, and more parking garages would be built to accommodate the motorized shoppers...