Word: manhattans
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Dates: during 1970-1979
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Evan Blum, 25, of Irreplaceable Artifacts in New York City, came to watch. He already owns a part of the façade of the old Chicago Stock Exchange and the cornice of Manhattan's Commodore Hotel. He suggests people start saving, for future investment, early formica tabletops "with the pink-and-gray blob design...
...America before World War II more accurately than did the leaders of industry. Franklin Roosevelt "anticipated history," said his friend Winston Churchill. Thus, within ten days after Roosevelt received the letter from Albert Einstein warning about the possible development of an atomic bomb, the U.S. rushed toward the Manhattan Project over the resistance of its own military leaders. The commanders were countered by a message sent out through Aide "Pa" Watson: "But the boss wants it, boys...
When Newsweek staffers arrived at their desks one morning last week, they found a cryptic memo from Editor Edward Kosner summoning them to a 10:30 meeting at Top of the Week, the conference room on the 40th floor of the magazine's Manhattan headquarters. When they arrived, they were surprised to find Katharine Graham, chairman of the parent Washington Post Co. Recounted one writer: "People began to murmur, 'God, we're closing down ... We've been bought...
...year ago, Berkey Photo (1978 revenues: $199 million) won a major victory over giant Eastman Kodak ($7 billion) in one of the largest private antitrust suits in history. A federal district-court jury in Manhattan found that Kodak, which made more than 80% of the film sold in the U.S. in 1973, when the case was first brought, and garnered over 60% of camera sales, not only had monopoly power in the amateur-photography field but had used this power unfairly. Berkey was awarded treble damages of $87 million. Now, in an equally stunning reversal, the U.S. Second Circuit Court...
...Porter wrote those lyrics, the word millionaire evoked images of power and plenty, of sprawling estates, Palm Beach tans, Locust Valley lockjaw accents and exclusivity. But millionaires, like almost everything else, are not what they used to be. A study released last week by U.S. Trust, an old-line Manhattan firm that specializes in handling O.P.M. (other people's money), reports that the nation's millionaire population, helped along by inflation, has in the past decade been growing at an average annual rate of 14%. Today, the company calculates, precisely 519,834 Americans-or about one in every...