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repeated anecdote about a welfare family living in a midtown New York City hotel at high cost to taxpayers. Even after some participants tried to steer him back to health insurance, the President repeated the totally unrelated anecdote. At a domestic-policy-council meeting on the health-insurance issue, Reagan read a letter from a 17-year-old California girl who has since died of cancer, even though it had no relevance to the plan for the elderly...

Author: /time Magazine | Title: Is He More Out of Touch Than Ever? | 1/26/1987 | See Source »

Above all Boesky made research about takeovers his obsession. From his lavishly appointed Midtown Manhattan offices the lean marauder directed batteries of lawyers and financial detectives to sniff out possible outcomes and hurdles in takeover deals. Usually standing rather than sitting at his desk, he worked 18-hour days behind a 300-line telephone bank. He cultivated the image of a man who lived and breathed only for stock deals, sleeping little, hardly seeming to eat, and apparently subsisting largely on gallons of black coffee...

Author: /time Magazine | Title: The Fall of a Wall Street Superstar | 11/24/1986 | See Source »

That kind of fast-as-light trading has made immediate information a vital concern. On his morning drive to his office in Manhattan's midtown General ! Motors Building, Howard Stein, chairman of the $35 billion Dreyfus group of mutual funds, stays in minute-by-minute touch with price moves of 72 selected stocks on a QuoTrex sideband FM receiver. The QuoTrex system uses the Security Industry Association's computerized data base, to which all U.S. exchanges report via the Intermarket Trading System...

Author: /time Magazine | Title: Manic Market | 11/10/1986 | See Source »

...permanent space in the new tower, 72 ft. of street frontage with a separate entrance, control over its own interior architecture and $750,000 in cash. "It's very unusual," says Craft Council Executive Director Norton Berman, "for an arts organization to own its own new facility in midtown Manhattan, free and clear of debt...

Author: /time Magazine | Title: Design: Handsome and Homemade | 11/3/1986 | See Source »

...capo. When Dellacroce died last year, Gotti was in line to become the new underboss. Castellano, however, had other ideas and seemed ready to elevate his chauffeur-bodyguard, Thomas Bilotti. Last year Castellano and Bilotti were mowed down in a brazen late-afternoon slaying outside Sparks Steak House in midtown Manhattan. The FBI believes Gotti ordered the hit, but so far no one has been arrested. Afterward, Gotti consolidated power as the head of the family...

Author: /time Magazine | Title: Two From the Neighborhood | 9/29/1986 | See Source »

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