Word: manhattanization
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Just another autumn Friday night in Manhattan's Greenwich Village. The usual mixture of hoboes and bohoes, kids out for a good time and jolly parasites out to feast on them. Around midnight, 400 or so young people have lined up on either side of the Eighth Street Playhouse box office. Their behavior is genial and gentle, with no rock-concert jostling; there might be an invisible Sister Mary Ignatius patrolling the sidewalk. One couple chats in Portuguese; a trio converses in Czech. It's a U.N. in miniature--so much so that when a derelict wanders by, desperate...
...birthday parties as well. On Halloween Sal, Ron and 2,600 Rockyites--some from as far away as Montreal, London, Sacramento, Winston-Salem, N.C., and the Bronx--made a pilgrimage to Manhattan's cavernous Beacon Theater for a tenth-anniversary bash. Sal presented sham Oscars to each of seven R.H.P.S. actors, who tried not to look as if they had wandered into a Star Dreck convention. The audience judged a costume contest: dozens of odd fellows dressed as their favorite Rocky characters. Everyone had a ball. Richard O'Brien, dressed for the occasion in a cunning black tube top with...
...Manhattan previews, audiences giggled derisively through much of Revolution. A few saps (like the undersigned) were briefly moved by a three-minute close-up of Pacino fiercely nursing his son (Sid Owen) through some primitive Indian foot surgery. But then Kinski would launch into a furniture-smashing mad scene, or Donald Sutherland would drop by, a tuft of hair sprouting from his right cheek, and the toga-party roistering would recommence. If this reception is duplicated elsewhere. Revolution could achieve a dubious immortality as the campfire classic of 1986. --By Richard Corliss
Last May CITIC opened a four-member office in Manhattan's World Trade Center to deal directly with U.S. banks and corporations. Headed by Ding Chen, 56, a Harvard-trained economist, the facility hums with activity. Awed moneymen quickly dubbed Ding "Dr. Go" for his tireless jaunts around the country to acquaint firms with Chinese investment opportunities. At one Washington gathering, CITIC lined up $60 million of new business. In his talks, Ding is careful to soothe any fears about China's future. Says he: "China's open-door policy is not a transient expedient. It will not be changed...
Banks ordinarily would have been reluctant to extend more money to the debtors. But the Government's support made such big-city institutions as Citicorp and Chase Manhattan more willing to take the chance. Indeed, U.S. banks generally grew healthier in 1985 as they emerged from a two-year crisis of confidence among investors and depositors. Some other U.S. banks, though, had a tumultuous year. More than 115 failed during 1985, the highest number since the Great Depression. Most were small ones buried under a pile of failed farm loans...