Word: manhattans
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Dates: during 1980-1989
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...Koch, New York City's voluble mayor, recently recounted how he had toured Manhattan in the company of some mental health experts. Concerned about the mentally ill who live on the streets, Hizzoner had decided to do some sidewalk research. On the tony Upper East Side, the group encountered a bedraggled, incoherent woman lying in the street, having thoroughly soiled herself. The woman could not be forcibly committed to a mental health institution, said the experts, because she did not present an "imminent danger." Koch was stunned, and recalled thinking, "You're loony yourself...
...takes considerable nerve to name the ten worst-managed publicly traded firms in America, but FinancialWorld obviously has that. The Manhattan-based biweekly issued its first roster of corporate clunkers this week, based on such factors as stock performance, earnings and management errors. BankAmerica was criticized for bringing back Chief Executive A.W. Clausen, who had been accused of mismanaging the troubled bank before he retired. MCI Communications was named for taking on too much debt. Others mentioned: Wang Laboratories and Bally Manufacturing...
...Japanese real estate agent visiting Manhattan...
Never before have U.S. citizens witnessed so many familiar American landmarks and trademarks passing into foreign hands. Japanese investors last December bought the Exxon headquarters building in Manhattan's Rockefeller Center for $610 million, the highest price ever paid for a Manhattan skyscraper. The British, who burned Washington in 1814, have now built or bought an estimated $1 billion in District of Columbia property, including part ownership of the famed Watergate complex. Esteemed U.S. corporate nameplates are also changing citizenship at a rapid clip. Doubleday books has gone to the West Germans, Brooks Brothers clothiers to the Canadians, Smith + & Wesson...
...centers, will soon go to its new Japanese owner. The latest hit recording by Country Singer Kenny Rogers is a foreign-owned product; his record label, RCA, is now West German property. And what about breakfast (or a diamond ring) at Tiffany, or drinks in the literarefied atmosphere of Manhattan's Algonquin hotel? Those vintage landmark buildings are now Japanese possessions...