Word: walls
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Dates: during 1990-1999
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...deus ex machina where the machina is his very own NationsBank automated-teller machines, and the deus wears cowboy boots. Last week McColl announced the boldest deal yet: a plan to merge NationsBank with California-based BankAmerica to create a golden Godzilla with deposits of $346 billion. On Wall Street, where financial stocks have sizzled this year, the marriage was greeted with huge plaudits. On Main Street, average customers (the combined bank will have millions of them) worried about what this would mean for their accounts. And in Charlotte? McColl wasn't talking, having unloaded the big news...
...week after insurance and brokerage giant Travelers Group announced plans to tie the knot with Citicorp, the second largest bank in the U.S.--a $76 billion marriage, not just of services but of two industry titans: Sanford Weill, who emerged from a messenger job at Bear Stearns to conquer Wall Street; and John Reed, the no-compromises Citibanker who manhandled his firm back from the edge of insolvency in the late 1980s. Suddenly the world of finance began to look less like the Norman Rockwell thrifts that built the great American economy and more like a Picasso impression of finance...
...banks running high-tech experiments with your money? One of the ideas behind these new superbanks is that with large customer bases they will be able to offer infinitely complex (and incredibly efficient) wealth accounts to the average investor. But taking complex finance out of the hands of Wall Street rocket scientists and putting it into the hands of consumers or even inexperienced bankers is hardly a riskless activity. "Banks have been making less and less money from traditional lines of business," says Douglas Gale, an economics professor at New York University who is considered a leading thinker about next...
Brill has stocked the magazine with impressive talent, hiring writers and editors from such publications as the Wall Street Journal, Business Week and TIME (former chief political correspondent Michael Kramer is Brill's No. 2 editor). Washington Post media critic (and author of Spin Cycle) Howard Kurtz will be a contributor, as will former FCC chairman Reed Hundt and humorist Calvin Trillin. Brill has even hired an in-house ombudsman: former New York Times editor Bill Kovach, head of the Nieman journalism fellowships at Harvard, will critique Content's own articles...
...opening game was held the same day the Titanic sank, in 1912. The home-team Red Sox have managed to stay afloat but haven't won a World Series since 1918. Still, no fan would want to miss seeing the Green Monster, the 37-ft.-high left-field wall painted in 1947. The Red Sox play Toronto (with ex-Red Sox legend Roger Clemens) on July 23, but before game day, spend a couple of days touring Faneuil Hall, the Boston Tea Party Ship and Museum, the New England Aquarium and the Freedom Trail. Boston by Foot has guided tours...