Word: manhattanization
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Dates: during 1980-1989
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Already, the limited coming-to-grips with bad loans has wiped out 1987 profits at many major U.S. banks. Analysts expect most of the largest institutions to post overall losses. Among them: Citicorp, BankAmerica, Chase Manhattan, Manufacturers Hanover and Chemical Bank. Last week Pittsburgh's troubled Mellon Bank, the twelfth-ranking U.S. institution, disclosed that it would be about $220 million in the red for the fourth quarter, after boosting its loan-loss reserves...
...sign it, despite what he called "strong doubts about its constitutionality." Rejecting the measure would have been especially awkward for the President, since some of those under investigation are among his closest cronies. The Deaver verdict was a victory for Whitney North Seymour Jr., a former U.S. Attorney in Manhattan who was appointed special prosecutor in May 1986. After the verdict, Seymour, himself a Republican, lashed out at the Reagan Administration for its lack of ethical leadership. Without such a guiding example, he said, the best that special prosecutors can do is "put a thumb in the dike...
...Manhattan store boasts some 10,000 items, ranging from $10 wooden stairway spindles to the interior of an art-deco jewelry store for $135,000, complete with display cases and teller's cage. There are hundreds of marble fireplace mantels, pedestal sinks, lighting fixtures, wrought-iron gates and granite gargoyles. There are bigger chunks of history: a 5-ft.-tall, $3,500 brass-and-crystal chandelier found in a crate in Gimbel Bros.' basement, and a 9-ft.-high, 77-ft.-wide chestnut-paneled music room from a turn-of-the-century house in Southampton, N.Y. Cost: $30,000. Antique...
...foundation of the Great American Salvage Co. In 1970 Israel, the son of a Manhattan attorney, left law school for flower power in Woodstock, N.Y. There he learned alternative life-styles, the necessity of making a living, and carpentry. He later settled on a hardscrabble cow farm in East Corinth, Vt., to raise what he calls "organic beef." But he could never pilot his vintage motorcycle past a pile of old junk without stopping. "I'd always been a collector," he says, "but never had enough money to collect the stuff everybody else was collecting. Nobody else wanted salvage then...
Musical humor is no joke to perform, but it can be very funny, and Oil City Symphony, now playing at the downtown branch of Manhattan's Circle in the Square Theater, is very funny indeed. Whether grimly trying to keep up with the quickening abandon of a mock Hungarian czardas, or haplessly segueing from Verdi's "Anvil Chorus" to Iron Butterfly's In-a-Gadda-Da-Vida, or just getting down and funky with a little tune of their own called Beaver Ball at the Bug Club, the Oil City Symphony lets the good times roll, and in the process...