Word: wagnerism
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...York's Robert Ferdinand Wagner, 51, son of a German immigrant who became a U.S. Senator, rules over 250,000 city employees and nearly 8,000,000 citizens with a mixture of detachment and passionate involvement. Democrat Bob Wagner has won three terms as mayor under two hats: one of a Tammany Hall choice and supporter, the other of a reformer fighting the machine. Wagner has a talent for attracting controversies, but he is fortunate in his enemies; they always manage to make him look better with their own gaffes. Though his administration has been pockmarked by scandal, Wagner...
High & Low Life. In the face of a population decline in many central cities, the mayors and city planners are working hard to lure back suburban defectors-and head off any further exodus. "There is a great disenchantment with the suburbs," says New York's Mayor Wagner. "Many people are moving back to town." To attract them, Chicago is planning the construction of 50,000 new dwelling units in the heart of the city by 1980, has already cast at least one spectacular lure: the 65-story, twin-towered Marina City, with pie-wedge apartments and balconies with...
Harry Weinberg, 53, is an up-from-the-slums entrepreneur who has made a fortune by buying faltering city bus lines and then paring payrolls, slashing services, and raising some fares. Robert Ferdinand Wagner, 52, the mayor of New York with ambitions for higher office, is a consummate politician who wants to stay on the safe side with bus riders and labor unions. Last week these two determined men collided on the streets of New York, snarling public transit from the Bowery to The Bronx. The nation's biggest metropolitan bus line was stalled by a strike...
...Weinberg and friends bought up 23% of Fifth Avenue's stock for $3,500,000, put Weinberg in the driver's seat. Straightway, he began to complain that the company was barreling toward bankruptcy, demanded a fare boost from 15? to 20? to save it. Mayor Wagner, who had promised to hold fares down, would tolerate none of that. Roared Weinberg: "Somebody's a liar. Mayor Wagner says the company can operate with a 15? fare. I say it can't." Then Weinberg tried a whipsawing tac tic that he had previously used on balky city...
Last week it looked as if New York's Bob Wagner would win the power to buy out Fifth Avenue Coach at a court-determined price and turn its runs over to other local lines. Even so, Wheeler-Dealer Weinberg stood to gain. Attorney Roy Cohn looked forward to a "bonanza." The company's book asset value is $50 million; if the court orders the city to pay only half that much under condemnation proceedings, Weinberg will get $36 apiece for shares that cost him $18. He wants more. "I think $120 million is a fair price...