Word: cabinet
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Dates: during 1970-1979
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Senior Writer Michael Demarest, who wrote the story on the growing rage to collect everything from Bruegels to Barbie dolls, is a traditionalist in these matters. "A Louis XV marquetry cabinet would be nice," he says, "though I would be quite content to receive a second painting by Jack Yeats [Poet William Butler Yeats' brother] to go with the one I have." Demarest began covering the auction scene-and, inevitably, acquiring some treasures for himself-while stationed in TIME'S London bureau from 1958 to 1961. "It was convenient," he says, "and I got very good advice. Sotheby...
...surface, Choi continued to receive the support of the officialdom, including the military, and high marks from most observers. His Cabinet, sworn in before his own inauguration, seemed to be both neutral and competent. Selected as Prime Minister was Shin Hyon Hwack, a technocrat and former economic planning chief. The new Defense Minister was General Choo Young Bok, known as "Tiger Choo" to American officers in Seoul, and, curiously, the first South Korean Defense Minister with a knowledge of English good enough for direct communication with U.S. commanders. According to President Choi's earlier promise, the newly installed Cabinet...
...high prices limited to paintings. Earlier this year auctioneers gaveled record prices for a French snuffbox ($150,000), a Roman glass bowl ($1.9 million), an American weather vane ($25,000), a Louis XV marquetry cabinet ($1.8 million), a Fabergé hippopotamus cigarette lighter ($55,000), a book of photographs ($100,000), a 2nd century A.D Roman head ($94,000). Per auctionem ad astra...
...hands off politics or risk a grave rupture in U.S. relations. For the time being, at least, that warning held. President Choi, for his part, sought to show that his political timetable was unchanged. Late Friday, a full day ahead of schedule, he announced the lineup of his new Cabinet. While it bore a strong military stamp, with generals named to the Defense and Home ministries, officials in Washington were nonetheless heartened that the Cabinet remained basically civilian...
...costly kerosene. In Dar es Salaam, Tanzanians line up for hours for deliveries of sugar and other basic necessities that are hopelessly delayed, partly because there is little gasoline for trucks. Gas is rationed; service stations are closed three days a week; and President Julius Nyerere urges his Cabinet members to ride bicycles to work. In Rio de Janeiro, Brazilian cab drivers crowd the streets and snarl traffic during a three-day strike to protest a 58% rise in gasoline prices. Meanwhile, riots break out in the Dominican Republic, and three people are killed after gas prices jump...