Could anyone tell me why "action" in this passage is marked with quotation marks?
The origin of the term can be traced to Albert Goldman and a 1964 article he had written in The New Republic titled "Lindy's Law".[6] The term Lindy refers to Lindy's delicatessen in New York, where comedians "foregather every night at Lindy's, where ... they conduct post-mortems on recent show business 'action'". In this article, Goldman describes a folkloric belief among New York City media observers that the amount of material comedians have is constant, and therefore, the frequency of output predicts how long their series will last:[7]
Original article: https://www.gwern.net/docs/statistics/1964-goldman.pdf