Word: morgans
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Dates: during 1970-1979
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...certain Harvard properties, Cambridge citizens have discovered what they consider a useful tool for limiting the construction of large buildings in a city that was heavily zoned for industrial and commercial development in 1961. For the past eight years, down-zoning has emerged as a definite trend, Richard Morgan, junior planner for the city, says. Morgan notes that almost three-fourths of the requests for down-zoning since 1969 have been successful--because, he says, residents and developers have both realized that the city would become overdeveloped if the original zoning regulations were fully pursued...
...financiers play a key role in furthering investment in South Africa, providing advice and capital for U.S. corporations there. Recently, U.S. finance companies have organized huge loans to the South African regime. The Rockefeller banks, Chase Manhattan and Citicorp have been most active in this area; but Manufacturers Hanover, Morgan Guaranty and Kidder Peabody also play an important role. Between 1974 and 1976, Manufacturers Hanover participated in at least $730 million in loans to the South African regime and state-owned corporations. Morgan Guaranty participated in at least $490 million in loans to the regime and its agencies. Kidder Peabody...
...loans to South Africa have helped the South African regime counteract the outflow of investment capital since last June. For this reason, pressured by public interest groups, several banks have agreed to make no new loans to South Africa. Manufacturers Hanover and Morgan Guaranty have also been under pressure. For example, in July the furriers union in New York withdrew over $10 million from Manufacturers Hanover because it continued lending to South Africa...
Harvard owns $600,000 worth of stock in Manufacturers Hanover, and the same amount in Morgan Guaranty...
...with confidence, and the timid with smug self-satisfaction; often symbolizing an era to a degree aesthetes are unwilling to admit. Harry Crosby would have made a superlative court jester. If ever an artist appropriated the spirit of his era it was Crosby. This golden-haired nephew of J.P. Morgan spent a lifetime scrambling after insight and sensations others had long since experienced; obsessed with material possessions and the construction of elaborate mythologies. Yet his diaries ruthlessly expose foibles, and paint portraits in the starkest tones of a man and an era when flight -- physical and intellectual -- was a dominant...