Word: yorke
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Dates: during 1970-1979
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Last week came the biggest blow: Trainer Laz Barrera pulled Cauthen off Affirmed, the horse he rode to the Triple Crown last year. Horsemen do not show slumping jockeys quite the paternal support that Leo Durocher, manager of the old New York Giants, gave a weeping rookie named Willie Mays after he had gone 1 for 26 in his major league debut ("Tomorrow's another day, kid, and you're going to be playing centerfield tomorrow"). Barrera said the decision not to let Cauthen ride Affirmed in the $200,000 Strub Stakes was "one of my hardest...
Unlike commercial banks, which can cover their costs by making high-interest installment loans, savings and loan banks are restricted to mortgages. In New York, Pennsylvania and other states that have usury laws, mortgage-rate ceilings are now lower than the rates banks have to pay on the MMCs. As a result, some S and Ls have begun using the cash they have received for MMCs to buy certificates of deposit paying 11% or more...
...least one stockholder has already filed suits against the McGraw-Hill management and others are expected to follow, claiming that they were financially damaged by the turndown of the $40 bid. Said Abraham Pomerantz, a New York lawyer who makes a specialty of class action suits: "There are squeals all over America from frustrated shareholders of McGraw-Hill. My telephone has been ringing all morning with calls from people who want to join the [lawsuit] parade...
...recent years it was the greatest private house in New York: not comparable to the great mansions of Fifth Avenue at their height of extravagance in the Brown Decades, but an astonishing survivor, a solid, heavy and opulent fossil, that went on living long after estate taxes had killed its rivals. It stood, 37 rooms of it, on the southern side of Gramercy Park, that most Jamesian of Manhattan's squares, and last week it was proceeding, slowly and irreversibly, to come apart, as the photographers, appraisers and people from Sotheby Parke Bernet moved through it, checking and cataloguing...
...stroke of irony that he would, no doubt, have relished, Ben Sonnenberg died last September, at age 77, during the New York newspaper strike. Thus he had no obituaries of any size, and his passing, though mourned by friends, made little news. But then, Sonnenberg's profession was to be the midwife of stories, not their subject. He was one of the first modern public relations men. Indeed he had been at the game so long-"fashioning," as he once put it, "large pedestals for small statues"-that many people thought he had invented the p.r. business...