Word: manhattanization
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Here is how Grameen is trying to establish one: on a Thursday afternoon, Medina and 10 borrowers gather in Ziomara Suarez's apartment in the northern prong of Manhattan. As the borrowers - all women, all immigrants - pack into a room with shelves full of the herbal health remedies Suarez sells, they each hand Medina a small blue ledger with a loan payment tucked inside. If any one of the women doesn't pay her weekly installment, credit will be cut off to the entire group - stunting the small businesses they've each developed. Collateral and credit scores may be missing...
...Small businesses can build fan bases that rival any cult star's. Two of the best closed up over the holidays. Depression Modern, 29, was a mecca for collectors of Deco furniture and artifacts; each Saturday morning, dozens of the faithful would gather outside Michael Smith's Lower Manhattan store, ready to rush in and claim his latest treasures. (I could name two TIME movie critics, one in New York, one in L.A., whose homes are little museums of Depression Modern pieces.) When a leap in rent shuttered this SoHo landmark, Smith retreated to his other boutique, Adelaide...
...relics. A striking 1934 photomontage advertising the Normandie shows it sailing through Times Square past the Art Deco Paramount Building. Art Deco - that decorative fusion of Art Nouveau, Constructivism, Cubism, Modernism and Futurism - made its debut at Paris' 1925 International Exposition. In a New York minute, the style took Manhattan and was replicated in interiors, fabrics, typefaces and that local speciality, the skyscraper...
...methods and motives remain cryptic, but the carnage unleashed by Bernard Madoff is beginning to be revealed: in a New York City federal court, where the former Nasdaq chairman stands accused of masterminding a $50 billion Ponzi scheme; in congressional hearings; and in the Manhattan office of a French financier who killed himself after Madoff bilked him and his clients out of more than $1 billion...
According to Antoine’s ex-girlfriend, he studied at the Manhattan School of Music from when he was a young child until he graduated from high school. During his year-long leave of absence in 2006-2007, he worked as a steward at the Boston Opera House, where he could watch music performances for free. Whenever the opportunity arose, he would buy as many music scores as possible...