Word: manhattanization
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...editor Robert Asahina attempts to explain Ellis' intent and confront the inevitable controversy. "I don't think it's a novelist's job to give little moral lessons," says Ellis. But making moral judgments is precisely what he does, not only in the novel, with its hateful portrayals of Manhattan yuppies as mindless consumers, but elsewhere in the muddled handout that is intended to clarify his aesthetic. "The characters in all my novels are superficial," he writes. "They don't understand what's really going on in their own lives...
...real estate slump deepens, it is sending U.S. bank profits into the cellar. Last week Manhattan-based Citicorp, the largest U.S. bank holding company, blamed $573 million in bad real estate loans for a 38% decline in third-quarter earnings, which fell to $221 million. Chemical Banking Corp. reported a $43.7 million loss for the third quarter and slashed its quarterly dividend on common stock from 68 cents a share to 25 cents a share. In Los Angeles, Security Pacific's profits for the quarter dropped 27%, to $135 million. Other banks are expected to report substantial losses...
...learning his lessons well, applying them not only to his playing and composing but also to a whole music-centered philosophy about American life and culture. Sitting in the sparsely furnished living room of his Manhattan brownstone, with three Louis Armstrong statuettes peering down from the mantelpiece, he confidently mingles allusions to Picasso and the Iliad with appreciations of Duke Ellington and childhood anecdotes. The hardwood floor is littered with the toys of his two sons, Wynton Jr., 2, and Simeon, six months; their mother Candace Stanley, 28, is doing postgraduate work at New York University. (Marsalis...
ONCE ON THIS ISLAND. Manhattan's Playwrights Horizons has an enviable record: many of its limited-run hits, including Driving Miss Daisy, The Heidi Chronicles and Falsettoland, have moved on to greater fame on larger stages. The latest gift, to Broadway, is this musical folktale about love and magic on a mythical Caribbean isle, with a calypso-flecked score that may remind some of Disney's The Little Mermaid...
...abandoned babies. Sometimes, when the hallucinations become too vivid, Mike erupts in hostile words and angry gestures that frighten other people. Twenty-five years ago, Mike would probably have been locked away in a state mental hospital in some secluded locale. Today, however, he lives on a bench in Manhattan's Central Park...