Word: manhattanization
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...watchers believe the rally will keep rolling in 1986. Says Mason Sexton, president of Wall Street's Harmonic Research: "You don't stand in the way of this bull if you value your life." He thinks the Dow will probably pierce 1600 before declining grudgingly. David Bostian, president of Manhattan's Bostian Research Associates, is optimistic about the longterm outlook for stocks but warns that the bulls may stumble in the next few months. Says he: "We're way overdue for a steep correction. An investor should not be doing aggressive new buying...
...Manhattan, people are calling it the Rehabilitation of Norman Mailer or, less formally, Norman Goes Legit. Mailer, 62, "embattled aging enfant terrible of the literary world . . . champion of obscenity," as he once called himself, has been remodeling his image--from rebellious to respectable. Throughout the autumn, he acted as an occasional master of ceremonies on a Broadway stage. He spent time sweet-talking the State Department. He rushed to the offices of a real estate magnate to make important deals. He even modified the cut of his clothes to fit his latest fashion. More often than ever, he has been...
...fact, was the major sticking point when the PEN American Center, of which Mailer is president, decided 13 months ago to be host of the congress. The center's annual budget is around $500,000. But Mailer had a fund-raising idea as inflated as the self-importance of Manhattan's literary circles: he would stage a series of eight literary evenings, with two writers entertaining each night, and charge $1,000 a subscription. "Even more than the Met!" cried one amused writer, referring to the price of a season ticket to the Metropolitan Opera. Says Mailer: "I believed...
...perfectionist who relentlessly drove his writers, directors and actors, but he commanded, or inveigled, loyalty: many who angrily quit his far-flung film sets at night were persuaded by morning to stay on. Born in what is now Poland, he produced his first U.S. picture, Tales of Manhattan (1942), under the pseudonym S.P. Eagle; only with Waterfront did he begin to risk his real name and reputation...
Peter Peterson, the Greek hash-house owner's son who rose to the presidency of Bell & Howell before he was 35, and Lewis Glucksman, the Manhattan lamp manufacturer's son who scrapped his way up through Lehman's unprestigious but increasingly profitable stock-and-bond-trading department, might have been born enemies. Peterson emerges as cold, almost oblivious to the people around him. A close associate who may have saved his life during a seizure recalls that Peterson never thanked him. Glucksman was mercurial, an "emotional volcano" in the phrase of a colleague, who might kiss or curse fellow employees...