Word: manhattan
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Dates: during 1970-1979
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...biggest fear holding down investment is of a renewal of inflation to double-digit levels. Once a prod to "buy now before the price goes up," inflation has become a brake on capital spending. Says M. Kathryn Eickhoff, vice president of Townsend-Greenspan & Co., Manhattan economic consultants: "An inflationary environment makes calculating rates of return on new investment difficult, even though profits as a whole are likely to rise as inflation advances...
Last spring Koch decided to approach another generally ignored group of poetic prospects-the old. He believed that older people have rich and unexpressed fantasy lives. But even Koch feared that the task would prove too difficult when he saw his first class at the American Nursing Home on Manhattan's grimy Lower East Side. There were about 25 students, most of them arriving slowly in wheelchairs and looking, as Koch recalls, "old, sick, tired, uncomfortable." Many were blind or hard of hearing, and some seemed to be asleep or in pain. Recalls Koch: "For four or five weeks...
...just found out about these magazines and films this summer, and I've become a raving banshee over it," says Dr. Judianne Densen-Gerber, a Manhattan psychiatrist who has been barnstorming around the country in a crusade against this abuse of minors. Her effort is only one part of a new campaign against child porn. New York City has cracked down, and police have at least temporarily forced kiddy-sex periodicals and films out of the tawdry Times Square area. Some twenty states are considering child-porn laws. Last week the Illinois house of representatives approved a bill setting...
Though he is a big-city boy who was raised on Manhattan's Upper East Side, James R. Schlesinger has the air and craggy looks of an American woodsman-aloof, self-contained and utterly confident that he can master whatever emergency may arise. He explains quite simply his willingness to take on the most difficult but also most challenging task that the Carter Administration could give him: "Any time the President of the United States asks one to do a job that's doable, it's one's obligation to do it." And Schlesinger is quite...
Television: Marquee Moon (Elektra/Asylum). This group was one of the first, and is certainly the best exponent of punk rock. Its home is CBGB. a grotty Bowery bar that now exemplifies Lower Manhattan chic. There Tom Verlaine, who writes Television's lyrics, delivers raw, jabbing vocals in a declamatory, prepsychotic style similar to Patti Smith's. It is Richard Lloyd's nervy, blues-tinged guitar, however, that gives this band its distinctive sound. Lloyd has the potential to become a major spokesman for rock guitar. Joan Downs