Word: stanleys
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...rail system known as the Detroit People Mover, originally planned to open this month, is behind schedule, over budget, shoddily built and, critics say, unnecessary. Many Detroiters, whose only other public transportation is a creaky bus system, scorn the People Mover as "a rich folks' roller coaster." Says Ralph Stanley, the Reagan Administration's top mass-transit official: "It could be the nation's least cost-effective transit project in the last 20 years...
...downtown Detroit, critics say, the system's dozen cars, each with a capacity of 100 passengers, will never carry enough riders to justify the expense. Official estimates for the number of daily riders (at 40 to 50 a trip) have dropped from 70,000 to 40,000, while Stanley, who heads the Urban Mass Transit Administration in Washington, foresees no more than...
...lower echelon of employees." Harry Cohn, the caliph of Columbia Pictures, learns that Choreographer Jack Cole has pronounced a script for Ann Miller garbage. Cohn agrees, but demands, "What . . . does it matter to her? She's just a dumb broad with large thighs." Introduced to Kim Stanley, who was to be nominated for an Academy Award, Cohn asks her director, "Why are you bringing me this girlie? She's not even pretty...
...called a "virtuous cycle." This cycle is a mirror image of the vicious spiral of the 1970s, when soaring oil prices and roaring inflation created rising unemployment, slumping stock prices and economic stagnation. Now things are going the other way. Exults Barton Biggs, chief portfolio strategist for the Morgan Stanley investment firm: "It's like watching the movie of the 1970s run backwards...
Following graduation, both will join financial firms in New York City: Mr. Zhang at D.E. Shaw and Ms. Gu at Morgan Stanley. “I would never have gotten into the finance field without Beidi,” Mr. Zhang says. “It’s very special to have this relationship in addition to all the excitement of college, and then to be in the same industry afterwards.” Ms. Gu is also counting her blessings. “What are the chances of going to the same middle school [in China] and then...