Word: manhattans
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Dates: during 1960-1969
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...hour. The unions have had powerful, if often unnoticed allies in the industrial corporations that order new factories built, and will pay almost anything to get them finished on time. Such corporations urge contractors to pay heavy overtime, and if the projects are struck, says George Cline Smith, a Manhattan construction economist, the company often will tell its contractor: "Settle-we will pay the price...
Hungry Speculators. The swings tell less about Natomas than about the desperation of speculators and other investors to find a new outlet for their money. "People are hungering for something to get action out of," says Robert T. Allen, vice president of Shearson, Hammill & Co., the big Manhattan brokerage house. Especially hungry are the managers of "performance" mutual funds and hedge funds, both of which have sold themselves to investors on the promise that they could select stocks that would surge ahead no matter what the rest of the market did. The stocks that most of them selected-computer, conglomerate...
...growing demands for electric power (see ENVIRONMENT). Last week consumer wrath fell in almost equal measure on the New York Telephone Co., second largest in the Bell System. At a hearing called by the State Public Service Commission to investigate complaints of poor service, witnesses railed about everything from Manhattan's grossly overloaded Plaza 8 exchange to pay telephones in which the only working parts seem to be the coin slots. William Payson, president of the advertising firm of Avery, Hand & Co., said that two of his company's lines were apparently disconnected by mistake and were still...
...California-bound business executive walked into a branch of the First National City Bank in Manhattan last week and picked up a pair of tickets for a Hollywood Bowl concert. A Manhattan-bound Angeleno bought tickets for the Broadway hit Oh! Calcutta! at a Beverly Hills hotel. Both made their purchases through computer networks that are striving to bring the box office closer to the increasingly choosy buyer...
...console, the clerk queries a regional computer's "memory bank" and gets an instant reading on what seats are available. Customers then can have their tickets printed electronically on the spot. The T.R.S. Ticketron system charges a flat rate of 25? per ticket for local events. Manhattan ticket brokers normally charge more-$1.50 per seat...