Word: manhattan
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Dates: during 1970-1979
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...member of the college generation of the '60s, I feel strange talking about something as unfashionable as national pride, but that is what is at stake here. We can't let our biggest, most adventurous, most exciting city go down the drain. Manhattan, is not just an island; it is a part of our heritage. Have we forgotten how to be proud...
...cited the sizable salaries earned in New York City. You failed to mention the high cost of living, however. After one summer of Manhattan's rents and grocery bills, I appreciate California for more than its sunshine...
...program "highly responsible" and predicted that "the effects of default are containable" and would have "minimal" impact on major New York banks, which hold a total of $2 billion in city and Big Mac debt. According to an estimate by Wall Street analysts, Chairman David Rockefeller's Chase Manhattan is worst off, holding $400 million in city and Big Mac paper because of its commitment to helping New York. Wriston's Citibank reportedly has $340 million worth, the Chemical Bank $280 million, Manufacturers Hanover Trust $240 million, Morgan Guaranty Trust $210 million, and Bankers Trust Co. $160 million...
...businessmen themselves, by the way, have done a terrible job of creating a benign image for themselves; they talk just the way Ford expects them to. The Chase Manhattan Bank called for federal funds for the city in September, creating in its argument an impersonal clockwork world where there will be "sufficient controls," "checkpoints," "mechanisms in action...
...hypothesis. Let the historians decide. In the meantime--between, that is, now and December 1--city, state and federal officials should get busy making sure that the coming default does not set off financial panic or throw the country back into another recession. Everyone in New York, from Chase Manhattan to rookie sanitation men must be prepared to make some sacrifices. But these sacrifices will have to be imposed from outside, as the necessary price for saving the city and the nation from the unquestionably deleterious effects of letting New York twist slowly, slowly in the wind...