Word: manhattanization
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...Ninety thousand dollars! One hundred thousand! Selling for $120,000!" The lucky top bidder at an auction late last month in a fancy Manhattan hotel had not just won himself a Picasso drawing or a letter from Elizabeth I; no, he had agreed to pay $120,000 for a soiled, gray, away-game jersey worn by Babe Ruth during his 1929 and 1930 seasons with the Yankees. Ruth's shirt was just one of 991 items that were offered during a two-day sale of gloves, bats, * rings, boxing trunks and a 1950s N.H.L. Zamboni ice-smoothing machine conducted...
...seat. And then I stare out. At the runway whizzing by, then at the crazily tilted world below as we climb, nose first, into the air. On clear days, I try to catch a glimpse of cities below. (Flying up the East Coast, you can make out all of Manhattan--the shape of the island, the green of Central Park, the shimmering top of each skyscraper.) On cloudy days, I spot the shadows of clouds on the land far below. On rotten days, the plane flies above the weather. Below you, stretching out forever, is a floor of cloud that...
...Continent. Barclay's Bank regularly finances Washington's grain deals with Russia, not from New York but from Miami. The Germans are snapping up waterfront property along the beach and Biscayne Bay. The mysterious Munich investor Thomas Kramer even has visions of building something between a modern-day Manhattan and a reconstructed Portofino at the tip of Miami Beach...
...they faced a different and unhappy prospect. The great era of frontier settlement was coming to an end. After being processed at Ellis Island in Upper New York Bay and other immigration centers, millions of these rural folk found themselves confined to the mean streets of urban ghettos like Manhattan's , festering Lower East Side, working at menial jobs and crammed into narrow railroad flats that lacked both heat and privacy...
...they provide more features, like a digital pager service. And while cellular growth has tripled to some 13 million subscribers since 1990, the technology has been losing ground. It is running out of channel capacity so fast, in fact, that 40% of cellular calls in high-density areas like Manhattan and Los Angeles fail to be completed. SMRs have capacity to spare, and service could eventually be priced 10% to 15% less than cellular. Dispatchers predict they will have at least 10 million subscribers by the end of the decade. There are now about 1.5 million users of SMRs...