Word: manhattans
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Dates: during 1970-1979
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...gimmicks, even became an excuse to throw parties. Inevitably, Chicken Little emerged as a dominant theme, now crying, "The Skylab is falling! The Skylab is falling!" The analogy was not quite apt, but feathers and beaks were the dress of the day for Skylab watch parties from Minneapolis to Manhattan. Guests at the "first and last annual greater New Orleans Skylab observation party" were asked to bring binoculars, telescopes and crash helmets. Jay Schatz, owner of a luxury high-rise apartment building on Chicago's Near North Side, scheduled a sub-basement party for tenants that would begin two hours...
...several cities, notably Denver Seattle and Portland, Ore., mass transport now carries nearly 50% of all commuters. In gas-starved southern Connecticut and Westchester County, the number of passengers elbowing their way onto Conrail's already crowded Manhattan-bound trains has increased sharply...
Executives of other leasing companies were soon rushing to London to buy the new policy. San Francisco-based Itel became the biggest user, taking out 48% of all the computer policies that Lloyd's underwriters issued. The leasing companies owned by Citicorp, Chase Manhattan and Bank of America, among many other big firms, got similiar policies. In all, the 57 Lloyd's underwriting syndicates and 17 individual insurance companies that were involved in the deal wrote more than 14,000 policies covering potential claims of more than $ 1 billion...
Early on, when Lloyd's underwriters offered only a limited number of policies, competition for them grew rough. Christopher, suspecting that Lloyd's members might be ready to cut off his coverage in favor of another leasing company, arranged for the electronic bugging of a Manhattan meeting between Nottage and representatives of the Chemical Bank. Unluckily for Christopher, the expert he hired to do the job was an FBI informer. Christopher was indicted in 1976 by a federal grand jury in Manhattan and wound up pleading guilty to illegal electronic eavesdropping. He was fined...
John Hanley, chairman of Monsanto Co., remembers his moment of conversion. Last March, at a Citibank board meeting in Manhattan, he heard a Georgetown University political analyst expound on America's deteriorating position in the world. As Hanley recalls, "I went home to St. Louis and sat down alone in my office and listed all the candidates from both parties who could conceivably run. Never mind if we could elect him, but who would have the best chance of changing the situation? It was clear as a bell to me that it was John Connally. I sent...