Word: northland
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Early this past week, my favorite newspaper called me up and asked me to reflect on my trip to the Northland. With some trepidation, I talked about my "growth" since then and told my side of the story...
...answer from the Northland is, "Yes, but don't take it personally--you didn't know any better...
Mercantile's troubles follow the failure of two institutions in the oil- rich western province of Alberta: Calgary-based Northland Bank and Edmonton- based Canadian Commercial Bank. Incorporated in the 1970s, the two banks lent millions of dollars to oil and real estate businesses. Then in the early 1980s many of the banks' loans turned sour. Together the two banks controlled only about 1% of all Canadian bank assets, so the fallout from their failures was limited. But investors are anxious about the safety of smaller banks...
Many of the malls were convenient, innovative and handsome. Indeed, the shopping center became a glittering symbol of a modern, efficient America. But even some of its early promoters have had a change of heart. Architect Victor Gruen, who designed suburban Detroit's Northland and Eastland, Chicago's Randhurst and Philadelphia's Cherry Hill, as well as other successful shopping centers, is disillusioned with the ugliness and fast-buck approach of many projects. Says he: "I refuse to pay alimony for those bastard developments...
...Northland's Greatest Attack (Cornell's Mike French, Eamon McEneaney and Jonathan Levine) is slicker than College Park's Burliest Midfielder (Maryland's Frank Urso...