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...Harlem Chess Center, which opened four months ago, it is common for grownups to get thrashed by pint-size chess prodigies. In the same tough neighborhood, the Dark Knights team at Mott Hall, a middle school for gifted students, last year won the national championship in the prestigious U.S. Chess Federation tournament. The victory was especially sweet because the Dark Knights didn't have the private chess tutors used by many of their opponents and couldn't afford to compete in as many practice tournaments. Their win "sent a message to the community about achievement," says team booster Welsh...
Welsh runs the nonprofit Harlem Educational Activities Fund, which bankrolls the chess programs at Mott Hall and the Harlem Chess Center (with donations from, among others, a charitable arm of Time Warner, parent company of this magazine). Much of the credit for Harlem's love affair with chess goes to Maurice Ashley, 33, a grand master and the highest-ranked black player in history. Ashley, who established Mott's chess program a decade ago, saw the game as a way to foster academic achievement and self-esteem. "I call chess intellectual karate," he says. "It's about setting a concrete...
Pros: --Appreciate each other's Mott the Hoople stories --Can swap copies of Modern Maturity --Can bond over failed projects (Simon: The Capeman; Dylan: Christianity...
Meanwhile, scores of smaller stocks are "excruciatingly undervalued," as Prudential Securities analyst Claudia Mott puts it. The Russell 2000 small-stock index is down 16% in 12 months. Yet many small stocks have growth rates that exceed their earnings multiples, and the group tends to do best when the U.S. economy is strong and foreign economies are weak, as now. And small companies are ripe for a wave of premium-priced takeovers by big companies using their stratospheric stock prices as currency. Some foreign markets also look attractive. These conditions have been in place for a while; patience...
Lombardi's, 32 Spring St., between Mott and Mulberry Streets (941-7994): Little Italy has grown increasingly littler and less Italian over the years, but New York's oldest pizzeria shows no signs of flagging. Located near the upper end of Mulberry Street, where the feel is more neighborhood and less theme park, Lombardi's serves the best pizza in the city (a close runner-up is Patsy Grimaldi's, just under the Brooklyn end of the Brooklyn Bridge). For $12.50, a large basic pie (mozzarella, cheese, basil) feeds two. If the weather's warm enough...