Word: interestingly
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Dates: during 1960-1960
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...Pocket. Zeckendorf's firm of Webb & Knapp has holes in the ground and buildings under construction all over the U.S. and Canada, was carrying short-term debts of something like $100 million -some at interest rates as high as 20%. With no money to spare from company coffers to build his hotel, Zeckendorf had to find the financing elsewhere. He got off to a typically dazzling Zeckendorf start. He borrowed $16.5 million from a bank to buy the land. Then he turned around and sold the land to the Prudential Insurance Co., leased it back from them. Prudential would...
...cost him about $1,000,000; another $1,500,000 went to Toots Shor, whose sporty restaurant on the site came tumbling down. By this spring the estimated cost of the hotel had risen to $80 million, but Zeckendorf was still $35 million short. He scurried around trying to interest Hotelman Laurence Tisch and the Sheraton and Hilton hotel chains in bailing him out. All said no: construction and rental costs for the site were too high to make a hotel...
Although only a few copies of Stephen Sandy's Caroms are on public sale, and although the work will doubtless be totally ignored by most summer people, it would not be fitting if a publication of such interest to certain Cambridge readers were to pass entirely without mention...
Wall Street's Lehman Brothers has been one of the biggest floaters of growth stocks (Litton, Beckman, etc.). At first, most other big Wall Street houses showed little interest in the field. Smaller houses with low overhead and a hungry eye stepped in. Says Belmont Towbin of C.E. Unterberg, Towbin: "We've made 30 to 40 millionaires"-including himself. Wealth has worked no great change in the lives of most of the new executive millionaires. They are a new breed too interested either in their companies or in scientific research to indulge themselves with their new fortunes. Arnold...
...which is planning to bid on $5,000,000 worth of automating machinery for the Soviet Union. Cross has been struck by U.A.W. for nearly a year for refusal to recognize union as bargaining agent, though designated by NLRB. The union ca ble asked Khrushchev to prove his interest "in justice for the working people" by turning down Cross...