Word: madison
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Dates: during 1980-1989
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...Business for gifts. Arizona State is using $ 12 million it got from private industry to bolster its growing engineering program. Indeed, state schools are also trying to earn a buck just about any way they can. Wisconsin hopes to cash in on the 325 acres it owns in downtown Madison, and the University of Alabama has been developing coal deposits on land that the state received from the Federal Government after the Civil War to compensate for battle damage to the Tuscaloosa campus...
...takeover. Starting with a small auto-parts company in 1958, he assembled an incredible array of disparate businesses into Gulf & Western Industries (1982 sales: $5.3 billion). Bluhdorn eventually bought some 100 companies large and small, ranging from Paramount Pictures to publisher Simon & Schuster to New York City's Madison Square Garden. In one six-year period, he brought 80 firms into what became jokingly known as "Engulf and Devour." Bluhdorn died in February at 56 after a heart attack, and his successors are in no mood to keep up that pace. They are contracting Gulf & Western almost as fast...
...York City, developers commonly add plazas at the ground level of office towers in return for permission to erect taller skyscrapers. IBM was granted the right to build five extra floors for creating a tree-filled atrium at the foot of its Madison Avenue building. But now the whole zoning program is running into serious problems. Citizen groups complain that some plazas are so poorly designed and maintained that they discourage public use. At the Harley Hotel, which is co-owned by Multimillionaire Harry Helmsley iron spikes were installed in seating areas, which kept people out of the public space...
...America this week. First stop, Canada. Then, in mid-July, on to the States. Tickets for the two Los Angeles concerts sold out in 90 minutes. In New York, you have a better chance of hailing a cab driver who looks like Ziggy Stardust than getting two seats at Madison Square Garden for the original's own gigs on July...
...commercials are elaborate Madison Avenue extravaganzas. In one 60-second spot, which symbolizes the problems of inventory control in a small business, the Tramp stands at the intersection of two assembly lines in a bakery. He comes a cropper when the fast-moving line spews cakes onto the floor after he tries to jam a giant-size one into an economy-size box. Taping the sequence required 30 takes-and 150 layer cakes...