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...play begins with a suicide and ends with a duel. There is plenty of cynical merriment in between. At the center of the drama is an elegant couple, Friedrich Hofreiter (Keith Baxter) and his wife Genia (Jennifer Harmon). He is a light bulb manufacturer with a roving eye, and she practices blind decorum as high diplomacy...

Author: /time Magazine | Title: Theater: La Valse | 3/9/1981 | See Source »

Neither is shocked to learn that a brilliant young pianist has killed himself out of unrequited love for Genia, or that Friedrich has been gallivanting with the wife of a mutual friend. Each is slightly chagrined by the booby traps set by their own hearts and in the hearts of others...

Author: /time Magazine | Title: Theater: La Valse | 3/9/1981 | See Source »

...marked taste for indirect and elliptical art, has also included an interesting painter from New Orleans, Jim Richard, 37. Richard's deadpan views of Southern suburbia do not justify Frank's claim that they possess "the most astoundingly lambent light this side of a Caspar David Friedrich sunset." That must be the most astoundingly nutty thing written by a talented critic about a talented artist so far this winter. But they do have a weird, banal intensity, especially in Viewing the Sculpture, 1980, where a number of chairs in a tract-home parlor survey a pressed-steel hardware...

Author: /time Magazine | Title: Art: Quirks, Clamors and Variety | 3/2/1981 | See Source »

...American Renewal effort. Says he: "TIME has always tried to interpret the news as well as report it. This week we are going one step further-we are offering some possible solutions to the difficulties the nation faces." For his story on U.S. political institutions, Senior Writer Otto Friedrich returned to many of the themes explored in TIME'S 1976 Bicentennial issue, which he edited. "Defining the changing role and the ultimate power of the Congress is just as important today as it was 200 years ago," says Friedrich. Diplomatic Correspondent Strobe Talbott analyzed American foreign policy and defense...

Author: /time Magazine | Title: A Letter From The Publisher: Feb. 23, 1981 | 2/23/1981 | See Source »

Chase's action set off a chain of legal moves by other banks to protect their outstanding loans by suing to attach Iranian property. Morgan Guaranty, for instance, obtained a lien on Iran's 25% interest in two of West Germany's best-known companies: Friedrich Krupp, a diversified steel and engineering combine; and Deutsche Babcock, a manufacturer of industrial equipment. Meanwhile, Bank Markazi sued in London courts to unfreeze $3.3 billion in Iranian assets held in five London branches of U.S. banks...

Author: /time Magazine | Title: Iran Hostages: How the Bankers Did It | 2/2/1981 | See Source »

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