Word: third world
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ATLANTA'S debut on the world stage is particularly stimulating to me because I was, until very recently, something of a self-hating Southerner. Despite being a third-generation Atlantan, I tried as hard as I could to make sure nothing about me--not my accent, not my political beliefs, not my musical taste, not my style of dress--could possibly betray me as Southern. In my mind, the entire Northeast was a cosmopolitan Manhattan and the entire South (except, of course, for my neighborhood) was a 1980s-era Mayberry...
...muscled out of many of their traditional lines of business by other segments of the financial industry. Most important, few major corporations still borrow from banks; they float their own commercial IOUs. When banks looked for borrowers elsewhere, they ran into one bad risk after another, most notably the Third World countries. Says Katherine Hensel, a banking analyst for Shearson Lehman Hutton: "Just look at the legacy here. On the heels of the ((Third World)) debt problem, other pieces of the pie are beginning to fall apart for banks, such as real estate, LBOs and other highly leveraged transactions. These...
...second reason is moral. I do not intend here to defend American involvement in the Third World. I agree with Mr. Morgan; no country has the moral right to impose its will on a sovereign state by military force. How we implement this is through actions behind our words. If it means that we have to send troops to tell dictators that they cannot invade defenseless neighbors with impunity...
...virtually every category, New York has the best, the biggest, the most -- except for civility, of which it has the least. With a flood of new arrivals from Europe, the Soviet Union and the Third World, New York's population has rebounded from its 1980 low of 7 million to an estimated 8 million, more than twice as many as runner-up Los Angeles. Washington may be the home of Congress and the President, but New York is the financial capital of the world. Even with the rise of Japan and Germany, the New York Stock Exchange remains the world...
...costs have driven the price of an orchestra seat to $60, and a healthy season yields no more than 35 new shows, only 12 of which are deemed successes. In dance alone, New York lost 55 world-class studios in the past four years. Others, including Martha Graham Dance, are considering following the example of the Joffrey Ballet by establishing second and third homes in other cities. That means a shorter season in New York. "This is the most expensive, difficult and competitive city for arts organizations," says David Resnicow, president of the Arts and Communications Counselors, which arranges sponsorships...