Word: extent
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Dates: during 1970-1979
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Daley is at least partly to blame for the crisis. He had a habit of agreeing to generous labor settlements for teachers without knowing how he was going to pay for them. To some extent, he mortgaged the future of the schools to buy short-term labor peace. But he also had the muscle to keep the city going by prying additional aid out of the state legislature. Byrne will have to relearn some of Daley's lessons if the city that works is going to start working again...
...been quietly telling the Soviets for months that their intervention in Afghanistan is contrary to the spirit of detente and could jeopardize the passage of SALT II. Why are the Soviets ignoring these warnings? To some extent, they are trying to reinforce a faltering regime. But Western experts believe that the buildup may also be Moscow's deliberate reaction to the increase of American naval and air power in the region around Iran: an oblique Soviet warning of the dangers of superpower confrontation...
...covered by the press as Events; the sums paid for art used to be buried in newspapers along with ship arrivals. Now, with the tremendous increases in fine arts prices and the expansion of public interest, big auctions have become flash bulb and video-tape fiestas. To a large extent the transformation has been wrought by Sotheby's, the world's largest, canniest and most aggressive house. In the late '50s Sotheby's introduced such techniques as international telephone hookups, bidding by closed-circuit TV, the gala evening sale crammed with formally clad celebrities, assiduous ballyhoo...
...flood of undiscriminating investment capital that flows toward art these days may yet produce a crisis analogous to the one that nearly sank the Bordeaux wine industry in the early 1970s. A surge of investment in Bordeaux vintages, to some extent by people who could not tell Medoc from camels' urine, shoved prices so high that traditional consumers of claret switched to Italian and other wines, thus tearing the bottom out of the market...
...product of "crude pressure" by the U.S. against its allies, TASS declared that the plan was "dangerous to the cause of peace and to international detente." NATO planners paid little attention, convinced as they are that the present strategic balance in Europe favors the Warsaw Pact to a greater extent than ever before. They believe the new Western missiles will significantly strengthen the alliance and will, at the least, give it an important new bargaining chip in any fu ture arms negotiations with the Soviets...