Word: manhattans
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Dates: during 1970-1979
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...taxes on petroleum imports than OPEC does when it exports the crude. Eventually, everyone stands to lose. The world's poorest countries have borrowed so much to pay for oil that their accumulated indebtedness has risen to more than $210 billion. Such major U.S. lenders as Citicorp and Chase Manhattan have huge loans out to India, Pakistan, Turkey and many other countries. Fears are rising that sooner or later some borrowers will not be able to afford even their interest payments. The threat is not simply of defaults leading to instability, but of worsening hunger and unrest among the world...
...company remains wary and unsure of the public, and in its towering, glass and stone headquarters in Manhattan's Rockefeller Center there is a vague but persistent sense of being under siege...
...together a show. Though some of the programs perform a real public service (consumer-advice shows, for example), many are excruciatingly dull (talk shows on which people-in-the-street rattle on about nothing in particular) and a few border on pornography (nude dancing on Midnight Blue over Manhattan's Channel...
...face some serious obstacles to further growth. The cost of wiring major cities, where cables cannot be strung from poles but must be run underground, is extremely high (as much as $100,000 a mile). Partly for that reason, Chicago does not yet have a cable system and Manhattan is the only one of New York City's five boroughs where viewers can watch cable...
...last fiscal year, it increased revenues 34%, to $71 million, and profit 65%, to $10 million. At the end of 1978, Time Inc. completed a buyout of A.T.C. for a total price of $179.6 million. Among other things the acquisition added to A.T.C. the 100,000 subscribers of Manhattan Cable, which Time Inc. had bought earlier. Unlike Teleprompter, which is concentrating largely on adding subscribers in areas where it already operates, A.T.C. is eagerly bidding for new franchises. It is now building or about to build in 15 new areas, including Memphis (250,000 houses reachable by cable), Jacksonville...