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Dates: during 1970-1979
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...ferociously competitive business, similar tactics of search and cultivation are used by major auction houses across the U.S.: Robert W. Skinner Gallery in Bolton, Mass.; Adam A. Weschler & Son and C.G. Sloan & Co. in Washington, D.C.; Mortons in New Orleans; San Francisco's Butterfield & Butterfield; West Palm Beach's Trosby Auction Galleries. The so-called country auction where the city slicker might once snap up for a song a Revere salver or a federal highboy is as distant a memory as the nickel newspaper. Says Scudder Smith, editor of Antiques and Arts Weekly, "You look around some...

Author: /time Magazine | Title: Going... Going... Gone! | 12/31/1979 | See Source »

...what, exactly, does it mean? On the most obvious level, it means what everyone knows: that money is losing value. But it also means that we are in the grip of a wave similar to what, in 17th century Holland, was known as the Tulip Mania. The tulip was then a comparatively new import from the Near East, and mutant specimens, with irregular stripes, were prized as rarities-so prized that men would mortgage their villas and their fields. The tulips had little intrinsic value. Their worth as commodities was a function of pure, irrational desire, and their economic fate...

Author: /time Magazine | Title: Time Essay: Confusing Art with Bullion | 12/31/1979 | See Source »

Enter the subterranean reservoir, as well as similar experiments at a South Dakota gold mine, a Utah silver mine and a Minnesota iron mine. Based on the number of protons in the cavity's water (more than 10³³), Physicists John Vander Velde of the University of Michigan, Frederick Reines of the University of California at Irvine, and their colleagues figure that there should be about 200 decay "events" per year...

Author: /time Magazine | Title: Science: Diamonds May Not Be Forever | 12/31/1979 | See Source »

Princeton Theological Seminary, considered among the best Protestant seminaries in training preachers, requires three courses on the subject. One covers enunciation, pace, voice production, posture and similar techniques, and is taught by a layman trained in speech. A second analyzes the construction of model sermons from the past. The student learns to mine Bible commentaries, boil his message down to a single sentence, then write out a well-organized sermon. In the final course, students in groups of twelve deliver sermons and criticize one another's-performances...

Author: /time Magazine | Title: Religion: American Preaching: A Dying Art? | 12/31/1979 | See Source »

...force the pieces, he warned himself. Store them away. Patience. But how to be patient when he had so little time? ... All his professional life, it seemed to Smiley, he had listened to similar verbal antics signalling supposedly great changes in Whitehall doctrine; signalling restraint, self-denial, always another reason for doing nothing. He had watched Whitehall's skirts go up, and come down again, her belts being tightened, loosened, tightened. He had been the witness, or victim-or even reluctant prophet-of such spurious cults as lateralism, parallelism, separatism, operational devolution, and now, if he remembered Lacon...

Author: /time Magazine | Title: Excerpt: Books, Dec. 31, 1979 | 12/31/1979 | See Source »

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