Word: toronto
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Dates: during 1990-1999
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Vitamin E may be particularly helpful in preventing free radicals from injuring the heart. Doctors speculate that giving the vitamin to patients during or shortly after a heart attack might help preserve heart muscle. One clue from a study at Toronto General Hospital: rabbits injected with vitamin E within two hours of a heart attack showed 78% less damage to heart tissue than was expected. The vitamin appears to speed recovery in patients who have had coronary-bypass operations, suggesting that nutrient supplements may one day become part of standard pre-op procedure...
Less than two days after that announcement, the Toronto headquarters of Olympia & York lobbed another bombshell by reporting a shake-up of the firm's management. To help confront its bankers, O&Y named a new president to replace Paul Reichmann: Thomas Johnson, 51, the former president of Manufacturers Hanover Trust. As financial advisers, the Reichmanns signed up some well- respected Wall Street names: investment banker James Wolfensohn and Robert S. ("Steve") Miller, who helped engineer the Chrysler bailout 12 years ago. Still, O&Y spokesman Peter Rosenthal stressed that "Paul and Albert remain the primary stockholders...
Olympia & York is feeling the sting of sharply reduced real estate values, which are down by as much as 50% in some Manhattan and Toronto locations. But the most serious problem facing the family enterprise is London's $6.9 billion Canary Wharf project. A 71-acre office complex in the out-of-the-way Docklands area, it is the largest commercial property development in Europe. London faces a glut of 40 million sq. ft. of unused commercial space, though, and 40% of Canary Wharf remains vacant. Even that figure is deceptive, because many of Canary Wharf's tenants only signed...
Michaels: Well, I try to go see a lot of shows in the summer, especially in Chicago, Boston, Los Angeles, Toronto. We're always looking for new talent...
Michaels: I read a lot. I guess that was more part of my English major at the University of Toronto than my own volition though...