Word: manhattanization
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
While stories like these are everywhere in China, few people but the most emotional predict the regime's imminent collapse -- or even want it. Most who do so live in Beijing, but in this respect at least, the capital seems as representative of China as Manhattan...
...American racial and ethnic groups on the way up, gaining control of city hall is confirmation of emerging political clout. So it was a triumphal moment last week when Manhattan Borough President David Dinkins defeated three-term incumbent Edward I. Koch to win the Democratic Party mayoral primary in New York City. Since Democrats outnumber Republicans 5 to 1, Dinkins became an instant choice to prevail over the Republican challenger, former U.S. Attorney Rudolph Giuliani, and become the first black chief executive of the nation's largest city...
...Burnham Lambert's Michael Milken pioneered the use of high- yield bonds as a means to finance hostile takeovers. In the wake of his indictment last March for insider trading and racketeering, Milken has resigned his Drexel post and stayed far removed from the market. But speaking at a Manhattan conference on high-yield debt last week, Milken suggested that it was time to buy, not sell, junk bonds. Said he: "There is tremendous opportunity out there today...
...bills mount, many parents suspect that institutions are kicking up their fees at will, knowing that families will pay almost anything to give their child the cachet of a Harvard or Yale degree. "It's Chivas Regal pricing," says Kalman Chany, president of Campus Consultants Inc., a Manhattan-based financial-aid consulting firm. "The most selective schools can afford to charge what they want because they've got lines out the door of people who want to go there...
Bloomingdale's may fetch as much as $2 billion in an auction that is expected to attract bidders from Manhattan to Tokyo. Among them is Marvin Traub, chairman of the chain, who is planning a management-led buyout. But selling Bloomie's will not be enough. Campeau's firm conceded last week that it may default on $1.27 billion in fourth-quarter debt payments. The disclosure sent prices of Allied junk bonds plunging 20% in value in just one day, while Federated's fell...