Word: manhattanization
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Cesar Pelli lives and practices architecture in New Haven, Conn., for him the perfect distance from Manhattan: close enough to visit for an afternoon, far enough to experience the New Yorkophile's delight each time he plunges into the city. "Coming down Broadway," Pelli recalls of a recent visit, "I suddenly noticed this burst of golden light up ahead." He smiles his sheepish, civilized grin. "It was this building of mine." Pelli, 64, has designed some of the worthiest large buildings of the past few years: the humpback blue glass Pacific Design Center in West Hollywood; Wall Street's vast...
...liquidation" office, with a 400-member staff, in Boston to dispose of the real estate it expects to be stuck with as banks in the region go bust. The Bank of New England (assets: $23 billion) "already has one foot in the grave," says an analyst. Even the big Manhattan-based "money center" banks are suffering from plummeting earnings and falling investor confidence. Chase Manhattan's stock has plunged almost 60% in the past year, to 16 5/8. Citicorp is down about 40%, to 17 3/4. Even J.P. Morgan, widely considered among the best managed and best capitalized major banks...
YOUNG PLAYWRIGHTS FESTIVAL. It's a bit like going to the U.S. Open for the girls' singles, hoping to spot next year's Capriati. This annual autumn event in Manhattan offers an evening of one-act plays by aspiring dramatists, who must be under 18 at the time of submission. The works, typically, are much ado about first love and sensitive, misunderstood youth; typically, also, at least one of the sketches shows potential genius struggling toward maturity. Through...
...Walter Cronkite nurse a grudge against his controversial successor, Dan Rather? In the past, the retired CBS anchorman was mostly mum on the subject. Now Cronkite, who has been relegated to an infinitesimal on-air role since he stepped down in 1981, let slip some frank criticism at a Manhattan gathering last week. When asked about his network's coverage of the Persian Gulf crisis, during which Rather landed an exclusive interview with Saddam Hussein, Cronkite acidly observed that Saddam "saved Rather's skin." While conceding that the younger man is a good reporter, Cronkite believes Rather has "blown...
...American melting pot, gangsters were the indigestible pieces of ethnic gristle; country of origin was as crucial as turf. So we need some Irish gangsters. In Phil Joanou's State of Grace, they are based on the Westies gang, who ran the rackets in Manhattan's Hell's Kitchen. Other Irishmen run a big-city crime factory, about 1929, in Joel and Ethan Coen's Miller's Crossing, where, in the grand tradition, they fight the Italians and the Jews...