Word: baseness
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1980
Sort By: most recent first
(reverse)
Life returned to peace and profitability in the next few decades, as speculators and developers began to lay the base for the 19th century expansion that should turn Cambridge from a town into a city of the first rank. Andrew Craigie created East Cambridge out of almost nothing, purchasing acres of land through straw buyers on Lechmere Point. The success of his development was assured when he persuaded the county officials, over the loud protests of the "Old Cantabrigians," to move the county buildings to their present location, well out in East Cambridge. And the Neck was slowly being transformed...
During the late '50s, the firm of Cabot, Cabot and Forbes had planned a huge corporate office mall along Route 128, designed for companies like the First National Bank of Boston. The future of downtown Boston seemed grim. Its economic base was about to sprawl into the suburbs. But after Logue completed Government Center, First National changed its plans. Its corporate headquarters now stand as a landmark on Boston's skyline, and almost all the big corporations of New England have followed suit. Their headquarters are now congested into Boston's downtown rather than fragmented around its suburbs...
Today, however, the benefits from these disruptions far outweigh their initial costs. Boston boasts one of the lowest unemployment rates of America's cities; its revitalized downtown furnishes a stable economic base which in turn provides jobs for its citizens. As Robert Healy has pointed out in The Boston Globe: "The central city can never be separated from the neighborhoods. When the core of a city goes, as in Cleveland or Detroit, the neighborhoods are left to suffer the pain." Ed Logue saved Boston's core...
...decades after developing a plan to stabilize Boston's corporate economy, Ed Logue has come up with a strategy to solidify the industrial economic base of the South Bronx. He plans to bring jobs to the Bronx by assembling scattered parcels of vacant land for industrial developments. At the same time, the South Bronx Development Office is working to tap scarce government funds to better to South Bronx housing stock, improve human service delivery in the area, and direct government-subsidized job programs toward the goal of redeveloping the community...
While inflation has fallen back from the 18.2% annual rate hit last winter, TIME'S economists predicted that the rate of price increases would dip only to about 10% by the turn of the year or early in 1981, an alarmingly high base from which the economy will again begin growing. At best, the board predicted a 1981 year-end inflation rate of 9.4%. But any number of external shocks to the economy, such as big new oil-price jumps, a bad 1981 harvest or an excessively cold winter, could send prices leaping to far higher levels than that...