Word: manhattan
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Dates: during 1970-1979
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...Hamilton Jordan really snort cocaine on that 1978 visit to Manhattan's far-out Studio 54? The possibility is growing stronger that a special prosecutor will have to be appointed to investigate the evening's entertainment enjoyed by the White House chief of staff. Under the stringent provisions of the 1978 Ethics in Government Act, there may be no other way to determine whether it is Jordan or his accusers who are telling the truth...
...Jones certainly has a No. 1 physique: he weighs 248 Ibs., has an 88-in. reach (9 ½ in. longer than Muhammad Ali's) and a 15-in. fist (as big as Sonny Liston's). To prepare for his ring debut in November, Jones goes to a Manhattan gym daily to spar four rounds and punch a 150-lb. bag for another six. He then shadowboxes, works out with his trainer and does calisthenics before finishing up with six miles of roadwork. Some 70 offers for fights have come in so far, and Jones figures on three dozen...
DIED. Samuel I. Newhouse, 84, newspaper publisher who built the U.S.'s third largest chain (daily circ. 3.2 million); of a stroke; in Manhattan. A shy 5 ft. 2 in. dynamo who said that not being noticed "is the advantage of being a shrimp," Newhouse got big in newspapers quietly. Beginning in 1922, he acquired a succession of rundown papers and turned them into a string of profit makers that stretched from Alabama to Oregon. In the 1950s he started buying already lucrative properties, among them Conde Nast, publisher of Vogue. His family-owned dominion...
Hard up for cash, banks are willing to try just about anything to attract deposits. Some, like New York's Manhattan Savings Bank, are gemutlich meeting places where savers gather in the lobby to hear pianists play golden oldies. Others, like California's Crocker National Bank, have sought to humanize their temple-of-commerce image by handing out Teddy bears. Robert Klein, a marketing consultant to 15 banks in the West, reports that his savings-starved clients have given away 23,000 color television sets in the past three years and 650 mopeds in the past 90 days...
...Daniel Keith Ludwig; 82, the secretive shipowner and industrialist whose estimated net worth of $3 billion or more makes him the richest American. Tough-minded and intensely shy, Ludwig is sole owner of his enterprises and thus must answer to no one. Operating from offices in Manhattan's Burlington House, he runs a maze of companies (he has 19 in Brazil alone). His flagship firm, National Bulk Carriers, operates one of the world's largest private fleets of huge supertankers and cargo ships. He is also proprietor of an array of global enterprises, which include the Princess hotel...