Word: harding
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Dates: during 1970-1979
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After four days of dispute, the meeting in Caracas broke up with hard-line hawks such as Iran, Libya, Nigeria and Algeria planning to charge a minimum of $28.50 per bbl. and perhaps $30 or even more, while other cartel members said that they intended to go no higher than $24. All in all, the rises add up to a big increase over the OPEC official maximum of $23.50 that had prevailed since summer, the $18 that Saudi Arabia, the cartel's leading producer, had posted until two weeks ago, and the $12.90 that OPEC averaged a year...
...dancers Leland Palmer and Ann Reinking) are virtually undisguised portraits of Gwen Verdon and the real-life Reinking. The hero's artistic associates are scabrous caricatures of past Fosse collaborators. Through a series of gritty backstage scenes and razor-sharp dance numbers, these players dramatize all the tensions, hard work and neuroses of idiosyncratic, inveterate show people. In Jazz's spectacular opening sequence, a Broadway audition, Fosse even creates his own capsule version of A Chorus Line...
That may be an exaggeration. The wealthy and the powerful have invested in art from time immemorial, though it is true that the great collections have been amassed by acquisitors possessed of taste and love for the objects they buy. They have not generally been dis couraged by hard times. On the contrary, in recessions and depressions and inflations, the smart ones tend to liquidate stocks, bonds and real estate and thus have all the more cash to invest in other fields. Like art. Given the scar city of beautiful things and the insatiable demand for them, the sales will...
...just that now few people wanted them very much, whereas before they had been invested with a kind of fetishistic and obsessive "rarity." Bullion is not absolute; its value is a matter of assignation, of social agreement. Tulip bulbs are no longer bullion, and it is not hard to imagine a time when art will not be either. It has happened before, and can easily happen again. Those who pronounce on art's power as a hedge against inflation-as a commodity that rides the inflationary spiral, always ahead of money-tend not to mention that when runaway inflation...
DIED. Ann Dvorak, 67, brunette film star of the '30s and '40s who debuted as Paul Muni's sister in the 1932 gangland classic Scarface; of cancer; in Honolulu. The smoky-voiced Dvorak was best known for playing suffering, hard-luck women opposite such stars as James Cagney (The Crowd Roars), Dick Powell (College Coach) and Spencer Tracy (Sky Devils...