Word: walls
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Dates: during 1960-1969
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Editor Clay Felker, 39, bought the New York name from the defunct W.J.T. last June. He has spent the intervening months rounding up private investors. Led by Wall Street Investment Banker Armand G. Erpf, they have enabled the magazine to "complete its initial financing," says Felker. He thinks it will take about $2,000,000 to get New York started, modestly pins his initial circulation hopes at something over 100,000, counts on picking up some of the all-important Fifth Avenue retail advertising. Priced at 40? a copy, New York will appear every Thursday. At the beginning, the sales...
Rarely taller or more distinctive than the factories, mah-jongg parlors, bookshops and tile-roofed rooming houses that hem them in, Tokyo's overcrowded university buildings line traffic-trampled streets rather than wooded malls. While top-prestige Tokyo University (15,879 students) has a wall to set it off from the city's bustle, even it has no greenery that could properly be called a campus. At many of these schools it is even rarer for a student to talk to a professor than it is at a U.S. multiversity. Nihon has 75,500 students, second only...
Voracious Demand. With the President's tax bill stalled in Congress, Wall Street is betting on a credit crisis. Already, the mere prospect has helped to depress the stock market (see following story), lift some interest rates to 46-year peaks and cause bond prices to plummet. On top of voracious corporate demand for funds, the federal deficit has forced the Treasury to borrow $16 billion since midyear (apart from replacement of maturing issues). The Government had to pay 5¼% interest for some of that money last month, its highest rate since June, 1921. Last week...
...heart attack; in Chicago. Founder and boss of his own highly successful securities firm, Day took over Chicago's floundering stock exchange in 1946, within a few years had combined with three other Midwestern stock exchanges to create the nation's biggest market outside of Wall Street...
...leading up to a shooting match, look like they're filmed in slow motion. They aren't. It's just that the camera--instead of sticking to a man, dogging him step by step--focuses on what's static around him. Expanses of desert or mountain or sun-bleached wall. So the violence that ensues seems less the result of cowboy determination than of fate...