Word: manhattanization
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...those properties, taking more bounce out of an already soft market. Apparently, the worsening U.S. economy and the battering of Tokyo financial markets are forcing many giant Japanese companies to reconsider investment strategies. Among the first properties rumored to be on the block: three office towers in Midtown Manhattan and some major buildings in L.A.'s Century City...
Many of these industries are vulnerable to racketeering because of their high labor costs. Payoffs to the Mob can assure businessmen of prompt deliveries, labor peace and the ability to use cheaper workers. Following indictments in June involving a painters' union, the Manhattan district attorney's office estimated that an average $15 million-a-year painting contractor saved $3.8 million in costs by paying gangsters. How? The payoff entitled the contractor to use low-wage painters without getting any flak from the mobbed-up union. But in the end, consumers often pay the price. Economists estimate that Cosa Nostra...
...without the Genovese brugad getting its slice. Law-enforcement officials point to superagent Lee Salomon of the William Morris Agency as being linked to a top Genovese captain named James (Jimmy Nap) Napoli. In the late 1960s, at a time when the government was bugging the talent agency's Manhattan office, Salomon was arranging for Napoli's wife Jeanne, an unknown singer, to get star billing for her nightclub...
Even the currently troubled Donald Trump has allegedly paid his Genovese dues, perhaps unwittingly. Last month Trump took the stand in Manhattan's federal court to deny that he knowingly hired 200 illegal Polish aliens to demolish a building in Manhattan in 1980 to make way for his glittering Trump Tower. Members of Housewreckers Local 95, who also accuse their own president in the scheme, allege that Trump was able to avoid making payments that would now total $1 million (including interest) into the union's pension funds. % "You can bet there was a wise guy somewhere in the background...
Sometimes government paralysis is to blame for the Mob's gains. Since Luciano's day, Manhattan's Fulton Fish Market and its union have been Genovese-controlled. Each year upwards of $1 billion worth of seafood passes through this wholesale market, the country's largest. For 20 years, brothers Carmine and Vincent Romano were the family's point men, controlling all parking, loading and unloading...