Word: manhattanization
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Dates: during 1980-1989
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...home, it is Milken who is being pursued. The U.S. Attorney's office in Manhattan reportedly issued a new round of subpoenas in the long-running insider-trading probe of Milken and Drexel Burnham, allegedly implicated by Ivan Boesky in 1986. Milken and his firm have denied any wrongdoing...
...other side of the continent, Kalif Beacon, 45, has set up his Temple of the Rainbow Food Kitchen in an empty lot on Manhattan's run-down Lower East Side. Beacon, who is homeless himself and wears a stovepipe hat that makes him look like a character out of Dickens, keeps a flame burning constantly under his 20-gal. pots of rice, soup and beans. The New York City kitchen, which serves as many as 1,000 meals a day, is not his first such endeavor. Beacon, who calls himself the Fire Tender, says he has set up similar "temples...
...annus mirabilis drew to an end, Nixon and his aides, John Erlichman and Bob Haldeman were busy in a suite on the 39th floor of the Pierre Hotel in Manhattan, assembling the new Administration, a new cast of characters -- Henry Kissinger, John Mitchell and the rest. The nation soon would be off on a different road, or so one imagined. It would be another four years before the U.S. withdrew from Viet Nam, and another seven years before the North Vietnamese armies would sweep south and accomplish the result that American power had sought so long to prevent. During...
...Ambassador East Hotel. According to the Distilled Spirits Council, the vodka martini, though spurned by purists, is now the most popular drink in the nation's capital. Its appeal has helped boost vodka imports from 51,000 gal. in 1976 to 5 million gal. today. At Bloomingdale's in Manhattan, Buyer Susan Davis cannot keep martini sets in stock. "I'm telling all manufacturers to get busy," she says. "We can move as many as they can make...
...since 1985, and faces billions of dollars in claims from women who say they were injured by Robins' Dalkon Shield, a small plastic intrauterine birth-control device. Yet in the past few weeks suitors lined up as if Robins had discovered a cure for cancer. Two U.S. drug companies (Manhattan-based American Home Products and the Rorer Group of suburban Philadelphia) and one foreign pharmaceutical and cosmetics house (Sanofi of Paris) made offers for Robins. As the bids proliferated, a federal bankruptcy judge gave Robins a Jan. 6 deadline to pick a suitor and file a reorganization plan...