Word: manhattanization
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...very heart of the svelte new company that Araskog says he wants to create. Recently ITT sold five Sheraton hotels for $200 million, without competitive bidding, to FelCor Suite Hotels, the largest owner of the Embassy Suite hotels. Then it quietly put the luxe St. Regis hotel, off Manhattan's Fifth Avenue, on the block, even though New York hoteliers stand to rake in profits for years. "ITT management is willing to do anything to keep their jobs," is the blunt assessment of David Wolfe, who follows the lodging industry for the investment firm Oppenheimer & Co. "They...
...Shabazz and Farrakhan, who helped raise funds for the family's legal expenses. An arrangement with prosecutors allowed Qubilah to avoid trial but also required her to undergo psychiatric, drug and alcohol treatment. She moved to San Antonio and began working at a radio station partly owned by former Manhattan borough president Percy Sutton, a family friend who was once her father's lawyer...
...this case is tall, good-looking Clyde Latham, 87, who lives in the dried-up little West Texas town of Spur (pop. 1,300), where the tumbleweed can outnumber the pickup trucks and the restaurant of choice is the local Dairy Queen. The son is Aaron Latham, 53, a Manhattan-based novelist and screenwriter (Urban Cowboy) and, child of Texas that he is, a splendid raconteur...
Campaign 55 does not account for taste, which has become a more complicated issue. The older boomers get, the more they worry about food quality. "McDonald's got obsoleted on their food," says Malcolm M. Knapp, a food-industry consultant based in Manhattan. "For a long time, it was good enough to be consistent and clean. Now America wants taste." That was the idea behind the Arch Deluxe, which the company unveiled last year after extensive testing, promoting the product as a burger for grownups. It bombed. Arch Deluxe failed to deliver on the taste front. Says franchisee LuAnn Perez...
...BOOKS . . . THE BALLAD OF GUSSIE & CLYDE: Manhattan-based novelist and screenwriter Aaron Latham has written the mother of all Father's day's presents with this spare, beguiling tale (Villard; 176 pages; $19.95) of how his widowed father Clyde courted the widow Gussie Lancaster, a childhood sweetheart who more than 60 years before had moved to California. "Latham tells his 'true story of true love' in deliberate, prairie-flat language, strewing the landscape here and there with verbal posies and perhaps a few too many quotations from 17th century romantic poetry," says TIME's Jesse Birnbaum. "Still, the style...