Eminentoes/The Big Apple's Nomenklatura

...Or write: Drexel Burnham ATTN: B. Anthony Kirk 1st Vice-President, Investments 7701 Forsyth Suite 700 St...

...All you do is bore everybody around you," and the Dr...

...you can't go wrong with some-thing in khaki or kelly green...

...In fact, as Anatoly Shcharansky recently noted, socialist populations often "feel self-respect only by belonging to a big system...

...The quaint, historical, and picturesque town is devoted to two things: sailing and drinking...

...New businesses are leaving even faster, or not forming at all...

...New York is once again deep in a game of—ho-hum—political scandal...

...In New York the unwritten contract works slightly differently...

...McLaughlin is also charged with bilking $250,000 from New Mexico heiress Ann Maytag while administering her trust fund, using Maytag's money to cover up the kickback...

...Louis, Mo...

...If the United States fails to exercise this responsibility, there is no other nation, or coalition of nations, that is capable of filling the void...

...This year publication had to be delayed two months...

...forces of today will not be fighting the U.S...

...Now that master-builder Sam LeFrak has moved to Jersey City, he may yet lure Wall Street across the Hudson...

...Capasso's wife, Nancy, named Myerson as the "other woman" in her divorce suit...

...Consider the Health and Hospitals Corporation, whose officials fall regularly into disgrace...

...Well, step aside and let the big dogs drink," we bellowed, and had at the supply of Rolling Rock...

...and Mrs...

...They pay the highest tax rates in the nation to support a government that does everything from running a municipal radio station to providing subsidized housing for Broadway stars...

...They think of New York as the nerve-center of international capitalism—which, of course, it is...

...THE BIG APPLE'S NOMENKLATURA by William 'flicker Every spring New York City publishes "The Green Book," an official directory of city personnel...

...It is also chock-a-block with a few genuine and many fraudulent sailors, all of whose bar Joe Mysak is assistant managing editor of the Daily Bond Buyer...

...Johnson observation that all histories are narratives of misery...

...Unemployment re-mains higher than the national average and much higher than in neighboring states...

...improvements remain inadequate to make up for almost two decades of neglect...

...Such is the hazard of sitting in a rather too-bright bar and watching what one writer called "the pretty and privileged leading perfect lives...

...America if you eschew the tours of The Breakers, the rococo Vanderbilt beach house, and Hammersmith Farm, where THE AMERICAN SPECTATOR SEPTEMBER 1986 35...

...Yet the state has managed only a 1 percent tax reduction in the top brackets, and New York City is trying to raise taxes...

...Michael Lazar, the city's former transportation commissioner, has left a trail of scandal all over New York City...

...So what will New Yorkers do in the face of this stupefying level of corruption...

...Bess Myerson's Cultural Affairs Department has a budget of $132 million, second only to the federal government's arts program...

...Here is the scoreboard as of mid-July: *Queens Borough President Donald Manes killed himself in March, less than a month before a federal grand jury charged that he and Bronx Democratic boss Stanley Friedman had engineered a huge scam in which $5 million was to be raked out of contracts awarded by the city's Parking Violations Bureau...

...modernization program has been matched by a Soviet program that has "moved more aggressively than any of our estimates predicted...

...Fixed-Wing Combat 320 700 Aircraft Rotary-Wing Aircraft 235 550 Attack Helicopters 50 250 Other Military 185 300 Helicopters Tanks 1,375 2,700 Other Armored 1,700 3,500 Vehicles Infantry Combat 655 2,500 Vehicles Artillery, Mortars, 330 4,100 Rocket Launchers Anti-Aircraft Artillery 25 100 Major Surface 8 8 Combatants Amphibious Ships 2 2 Attack Submarines 3 6 U.S...

...So many city officials were being indicted and suspended that the book was already out of date...

...A Fortune 500 company abandons New York about every six months...

...Such depression, however, is worn like a hat, and may be doffed at will—and is...

...THE GREAT AMERICAN SALOON SERIES...

...For the drinking man, nothing can beat the massive pints of Bass Ale on tap at The Ark, located on Thames Street and arguably the top spot in Newport...

...The mixture is irresistible...

...Friedman and six others are now awaiting trial...

...According to re-cent Army testimony, the U.S...

...Right...

...New Yorkers are more than willing to give up free enterprise and let the government run everything in exchange—once again—for the promise of a better livelihood...

...But Wall Street, the advertising, publishing, and banking industries, are only exotic islands of free enterprise in a sea of municipal socialism..Those islands continue to erode...

...HHC operates sixteen hospitals, five nursing homes, and forty outpatient clinics...

...The Ark will do very nicely indeed, although it has been known to send more than one of the troops into bouts of melancholy, fit only for consideration of the Rusty Staub statement, "When people have a rough time, whoreally gives a damn...

...New York City simply tries to do more than any other city...

...A defense program that will not halt the unfavorable trends in the U.S.-Soviet military balance, let alone reverse them, is not a defense program...

...For example, it has 175,000 units of federal and state public housing—more than the next ten cities on the list combined...

...To be sure, it is the land of the $2.50 beer...

...He has been indicted in the Manes-Friedman case...

...In New York the joke seems to be, "We must be the richest city in the world...

...No one gives up his civil and cultural rights—God forbid...

...Elizabeth Holtzman has stated that at least one-third of all THE AMERICAN SPECTATOR SEPTEMBER 1986 33 school inspectors appear to be on the take...

...For a prospectus on this offering call: 889-4935 (local) Toll Free 1-800-392-8774 (Mo...

...The Putnam organization, founded in 1937, supervises over $9 billion for 23 mutual funds...

...Botnick is being investigated for shaking a $5,000 campaign contribution for Mayor Koch out of Nu-Med...

...Cuts in the defense budget will in all probability affect the readiness and capability of U.S...

...Distributions and share price, which are not guaranteed, will fluctuate...

...and $71,000 to former deputy commissioner Robert Mackesak...

...And since 1983, when the nefarious Australians made off with the America's Cup, the emphasis has been on the latter...

...In conventional forces, the United States continues to be outproduced in many critical areas...

...All of us have been stealing from the government all this time and we still haven't gotten to the bottom...

...Politicians Putnam Option Income Trust II offers investors a high current return primarily from writing covered call options on a portfolio of quality common stocks...

...The politicians have been stealing all these years and they still haven't gotten to the bottom...

...The city has fewer than 12,000 cabs serving 7 million people, while Washington, D.C., with an unregulated market, has 10,000 cabs serving 675,000 people...

...They must be busing them in from New Jersey," the arbiter said...

...chat, which is loud, windy, and full of spinnakers, tacking, money, and lies, could send even a placid hippo into a rage...

...Brooklyn D.A...

...budgetary constraints threaten not only to halt progress in improving our military capability but also to over-turn some of the gains made in the last few years...

...Toll Free 1-800-325-8180 (III...

...and all other states) Putnam Option Income Trust II Please send me a prospectus containing more complete information about Putnam Option Income Trust II, including charges and expenses...

...But in New York there are just so many more opportunities to get your hands into the till...

...Results for this period are not necessarily indicative of . future performance...

...Of course, all the really tony places were jammed, and the barnlike Dockside was the only bar that would have us, ruffians from Boston here "for the races," which, it turned out, had been cancelled...

...By contrast, Cook County Hospital—Chicago's only municipal hospital—has a budget of $240 million...

...You'll receive regular income and always have access to your money...

...The Dockside was doing a perversely conspicuous business in the Australian Foster's Lager, thick as yeast and served in oil cans, but we were all good Yanks and did not bite, oblivious to more than a century of allegedly unsportsmanlike conduct by the New York Yacht Club...

...If you really want to look correct—and another of Newport's great advantages is its informality—forget the brooding map...

...Meanwhile Donald Trump who wants to anchor the television industry in New York by building a huge "Television City" on the Upper West Side—is paraded around almost daily as "the man New Yorkers love to hate" Just recently Trump offered to rebuild the Wollman Ice Rink in Central Park in six months for $3 million, a job that the city goverment has been unable to complete in six years while spending $12 million...

...63105 1 4 ^ Current Distribution Rate in other cities may be just as corrupt, even more so...

...Hungarian writer Ferenc Koszeg noted recently that the people of his country have essentially entered into an unwritten compact with the government in which they agree to give up cultural and social rights in exchange for the promise of a higher standard of living...

...It may not be without peril, but as Theodore Roosevelt once said, "All men who feel any power of joy in battle know what it is like when the wolf rises in the heart...

...The lesson for New Yorkers is that the big money lies in and around the government...

...As Ken Auletta, a columnist for the Daily News, puts it, there are really only two parties left in New York City—the Democrats and the prosecutors...

...New Yorkers now pay 9.8 percent of their income to the city alone in taxes...

...Governor Mario Cuomo may soon have a $350 million tax surplus, and the Municipal Assistance Corporation (Big MAC), which oversees New York City's finances, has just turned over $1.6 billion in revenues to the city government...

...Dust from the site has nearly closed down a neighboring Coca-Cola plant andforced Shopwell, Inc., a private super-market chain, to move its warehouses to New Jersey, costing the Bronx 1,000 jobs...

...Of course...

...HHC is a quasi-independent, government-funded corporation whose $2 billion budget would rank it 182 in the Fortune 500...

...The Garden State is much maligned, but I had to agree that they were not Newporters...

...Job creation in New York has been only 60 percent of the national Looking for high rates...

...From 1980 to 1984, the Soviets deployed about 80 new weapons systems—twice the number deployed by the United States...

...The minimum initial investment is only $500...

...And another old salt recalled, "One waterfront bar had a band with three saxophones in it, and you've never felt the sap rise until you've sucked down fifteen Molsons while listening to dueling saxes, watching drunk underage girls get that feral look in their eyes, and inhaling the Atlantic all the while...

...Other nations look to the United States to counterbalance the growth of Soviet military power...

...Lazar's group bought the building for $1.3 million in 1980 and sold it in 1985 for $14 million...

...A month before Judge Gabel changed the terms of the settlement, Myerson hired her daughter as a personal aide...

...While accepting large deposits from cab companies, HYFIN had made unreported loans of $244,000 to Commissioner Jay Throff William Ricker is The American Spectator's New York correspondent...

...As a result of this outright public hatred for private enterprise, New York City's economy is slowly cutting the whole state adrift from the national scene...

...Given the unexpected qualitative improvements to Soviet conventionalforces, the U.S...

...On the day that Friedman was indicted, state and federal officials raided HYFIN"Help Your Friend in Need"--a Brooklyn credit union accused of mismanaging its $83 million in assets...

...As for corruption, well, that's just the price you pay for being saved from private enterprise and an unregulated market...

...New York City's taxi industry is so tightly regulated that cab medallions now go for $100,000...

...New Yorkers are pathological about their civil liberties...

...A comparison of weapons systems produced in 1985 shows the following: US...

...I will read it carefully before I invest or send money...

...In fact the party itself seems on the verge of a statewide debacle, in danger of losing both the State Senate and Assembly for the first time since 1935...

...Will there be a wave of "reform"--a campaign to "throw the rascals out," like the ones that brought Theodore Roosevelt to prominence in the 1890s or toppled Carmine DeSapio in the 1960s...

...deterrent capability in Europe is declining...

...Very depressing...

...But it seems to me that we've been getting more and more around here like that," observed the eminent Scoliard, social consultant and Rhode Island investment banker, gesturing toward two bumptious Golden Agers proceeding like ships of state across the street, he a vision in Haband and Sam Snead golf hat, she packed into the classic turquoise pantsuit and silver shoes...

...The Reagan Revolution has passed right over New York without creating a ripple...

...But property rights are a different matter...

...Simon has also been named in a civil suit charging he gave a city-owned Bronx property to a politically connected firm that used it for an open-air concrete-recycling operation...

...There is a joke in Russia which says, "We must be liv-ing in the richest country in the world...

...A few contractors complained to the Board of Education several years ago, but ended up addressing people who were in on the scheme...

...Newport, as I say, is a town of many attractions...

...emu s~~.~ NEWPORT LANDINGS by Joe Mysak When we die, if we are good, we will go to Newport...

...In any conflict, however, the U.S...

...Don't bet on it...

...In the face of a determined Soviet effort, U.S...

...The Ark has everything you need: loud and tedious sailors and their even worse wives, deadly sailing films on the bar's televisions, those big glass buckets of Bass, or Coor's, or the ubiquitous Budweiser, very fair bar chow (perfect for those on the high-sodium diet), and bar stools built for big dogs out for the long drive...

...Bess Myerson, the 1945 Miss America and now the city's commissioner of cultural affairs, is under investigation after family court judge Hortense Gabel drastically reduced the alimonypayments for Myerson's long-time companion, Carl Capasso, a big-time city contractor...

...Even while Botnick was bowing out, John McLaughlin, HHC's former $105,000-a-year president, was going on trial for allegedly extracting $150,000 in bribes from Nu-Med, a California management firm, in exchange for a contract to direct Harlem Hospital...

...By many of the measures which we have used to compare our forces, we have indeed lost ground...

...But it is also the land of cool ocean breezes, several genuinely comfortable saloons fitted out in under-stated nautical style, and thousands of blonde angels...

...Of course, I recognized them as Some-body's Parents, in this case a distinct form of grotesque, but one that I could not view without a modicum of sentiment...

...U.S.S.R...

...We have made many landings, amphibious and otherwise, in Newport since then, for the attractions of the place are numerous...

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...Editorialists and cartoonists have berated Trump for "trying to name the rink after himself...

...Well do I remember the first trip there, "for the races," which consisted of peering off a dock to the horizon for five minutes vainly searching for signs of life, and then adjourning for six hours to the friendly Dockside Saloon on Thames Street, now unfortunately closed for renovation...

...conventional forces first...

...forces of five years ago...

...John Manfredi, Philip Collela, and Rocco De Nigris, an area manager and two general inspectors with the City Board of Education, have been indicted for collecting several hundred thousand dollars in kickbacks over nine years on contracts for maintenance and repairs in the public schools...

...They will be fighting Soviet forces, which have also modernized extensively...

...Computed by annualizing most recent quarterly distribution of $0.475 ($0.10 income and $0.375 short-term gains) and dividing by the maximum offering price of $12.46 on July 31, 1986...

...Although completely private, HYFIN had developed incestuous ties with the City Taxi and Limousine Commission, which licenses New York's 11,800 cabs...

...and the bar-tenders in resort areas rarely if ever say, "Good luck, men...

...He was also part-owner of the decaying Candler building on West 41st Street, home of the Taxi and Limousine Commission, when it miraculously escaped condemnation by the city-run Times Square Redevelopment Project...

...Outsiders tend to be fooled by Wall Street...

...EMINENTOES...

...The Republicans haven't gained even an inch of ground from the political scandals...

...Bronx Congressman Mario Biaggi, Bronx Democratic chairman Stanley Simon, and Brooklyn Democratic Chairman Meade Esposito—and in-deed the whole Bronx, Queens, and Brooklyn Democratic organizations—are all being investigated by federal grand juries for a variety of schemes...

...The worst thing that happens when you have problems is to feel sorry for yourself...

...You can avoid Mr...

...The news-papers had started checking Botnick's credentials after he got into a fistfight with Barry Liebowitz, head of the Doctor's Council, the union of city-employed doctors...

...1 Name Address City/State/Zip Phone iL 34 THE AMERICAN SPECTATOR SEPTEMBER 1986 average, and two-thirds of the new jobs have been with the city or state governments...

...ibroff re-signed and the city government quickly folded HYFIN into its own municipal credit union...

...They have in-creased their numerical advantage more than expected and, more alarming, have reduced and, in some cases, reversed the qualitative advantage we held...

...Victor Botnick, protege of Mayor Edward Koch, was forced out as chair-man of the board of the city's Health and Hospitals Corporation (HHC) after it was revealed he had lied about having a college degree...