Word: manhattan
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Dates: during 1970-1979
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...went in what must be record time: one hour. The chorus consisted of such New York City boosters as Polly Bergen, Robert Merrill, Ruby Dee, Celeste Holm and Guy Lombardo. They all assembled at a recording studio to perform one number, a snappily chauvinistic tune called Mad About You Manhattan. Sample lyric: "A double-decker bus is fun in Piccadilly Square/ But I prefer a subway car to take me everywhere." The idea is that the record will make money for the Citizens Committee for New York City, which is concerned with improving services in the debt-ridden city...
...race for supremacy between the nation's three leading banks, one is lagging badly. Last month, while the Bank of America and Citibank reported nearly 12% increases in earnings for the second quarter of the year as compared with the year-ago period, the Chase Manhattan reported a dismal 44.7% decrease in profits, to $30.1 million, v. $54.5 million for the second quarter of 1975. The Chase remains a powerful financial institution, with $43.9 billion in assets. But clearly it has lost its front-running momentum...
...Manhattan last week. Jimmy Carter met with TIME editors for 70 minutes. Excerpts...
Carter scores best with those businessmen who meet him face to face. Last week three Carter supporters-Henry Ford, who does not identify himself with either party, and Democrats Edgar Bronfman, chairman of Seagram Co., and J. Paul Austin, chairman of Coca-Cola-threw a meet-Jimmy lunch at Manhattan's "21" Club-and invited 49 of their colleagues. Carter assured the assembled executives that he favors "a minimum of interference of the Federal Government in free enterprise," and stressed his receptivity to criticism and advice. He also said he "would not do anything to minimize" the investment activities...
Securing Supplies. Shapiro restricted research and development spending, concentrating on coming out with few products annually (half a dozen v. 25) and marketing them more heavily. A Du Pont trade show in Manhattan last week displayed numerous ways that manufacturers could use polyester fibers other than in conventional double-knit materials, which appear to be falling out of favor with consumers who have shifted back to cotton and wool. Shapiro has also moved to assure that Du Pont, a major seller of raw materials, has adequate supplies for its own operations. The company has entered into a venture with ARCO...