Word: levitts
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Subject to court approval, the parts to be severed are the Canteen Corp., Grinell Corp.'s fire protection division, Avis (Rent a Car) Inc., ITT-Levitt home builders, and the Hamilton and ITT life insurance companies. Geneen will have two years to dispose of the first two firms, three years for the rest. The divestiture, which ends three Justice Department lawsuits against ITT, is one of the largest trust-bustings in American corporate history. The subcompanies ITT will lose account for about $1 billion in annual sales, or about one-seventh of the conglomerate's total...
Optical Pollution. Fortunately, a few developers have tried to minimize their projects' ecological impact-a hard task. For one, ITT Levitt Development Corp., a subsidiary of the largest U.S. home-building company, is building "Palm Coast," the nation's biggest "new town." A gargantuan project, it will in 20 years plunk 750,000 people onto 100,000 acres of now uninhabited coast land near St. Augustine. Levitt spent nearly $1,000,000 on environment planning to achieve a community whose residents will live in virtually pollution-free neighborhoods connected by canals. Housing density will be 2.5 homes...
...last three weeks, our sales have doubled in just about all markets," adds Richard Wasserman, president of ITT Levitt Inc., the nation's largest home builder...
Almost every American courthouse has its group of hangers-on-unofficial legal scholars who keep a critical eye on judges, lawyers, jurors and witnesses. To discover who those people are, TIME Correspondent Leonard Levitt recently prowled the corridors of the New York State Supreme Court building in Brooklyn. He found amateur philosophers, sensation seekers-and a surprising amount of legal expertise. His report...
...pits, the sad, self-deprecating humor persists. But for a small, growing number of New York Jews, the cultural heritage of flight or passivity is being angrily, even bitterly rejected. Especially among the young, the poor and the Orthodox in the marginal neighborhoods of the city, TIME Correspondent Leonard Levitt found a new theme emerging: "We are not going to turn the other cheek. We are not going to take it any more. Sitting back and being passive only leads to Auschwitz." Here is his report...