Word: exodusing
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...rate mortgages were devised by the E.F. Hutton brokerage firm, working closely with city hall. Alarmed by the continuing exodus of Chicagoans to the suburbs-the city has lost about 50,000 middle-class citizens a year since the mid-1950s-Mayor Michael Bilandic warmly embraced the plan as a way to subsidize home loans without increasing taxes...
...stay to clean up the day's work rather than flee at the stroke of 5 p.m. to catch the next train. Some firms have even been able to lengthen their formal work week. The Olin Corp., whose 1969 move from Manhattan to Stamford led off the exodus to Fairfield County, cut its lunch period from one hour to half an hour; Union Carbide, which now works its employees seven hours a day in New York City, will adopt an eight-hour day next year when it moves to a site near Danbury...
...York's spirits have risen with the improvement in its economy. After a seven-year loss of 600,000 jobs, from 1969 through 1976, the city gained 9,000 in the period from February 1977 to February 1978. The exodus by large corporations has slowed. Four years ago, whole buildings in prime Manhattan areas were empty. Now 1 million sq. ft. of floor space has been newly rented since January. Says Lewis Rudin of Manhattan's Rudin Management: "I counted up $1 billion-that's billion-of privately financed new construction the other day." He listed, among...
Ending the crisis of vocation. The shortage of priests and nuns in the West is near the peril point in nation after nation, though there are signs that the exodus and the precipitous drop in new seminarians may both be bottoming out. In West Germany's church, engorged though it is with $1.9 billion a year from public taxes, the Limburg diocese expects to have more lay missioners than priests running parishes by 1985. The major reason for the crunch is the rule of celibacy. The next Pope may be forced to re-examine that rule?and the role...
Despite Paul's reforms, he saw the church being weakened by the dramatic departure of thousands of priests from the ministry; he called the exodus his "crown of thorns." Many of the priests left in order to marry, but Paul firmly resisted the suggestion that the centuries-old tradition of priestly celibacy be made optional. He extolled the celibate life as "the precious divine gift of perfect continence." Still, he left the door open for a successor to move further. He permitted the ordination of married deacons, who could exercise many ministerial functions, and he conceded the possibility...