Word: underwritten
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Dates: during 1970-1979
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...resold for under ?200, or $560. Sir Edward Burne-Jones' Love and the Pilgrim, sold in 1898 for .?5,775 ($28,000), dropped to ?21 ($85) within less than 50 years. If artists who in their day were considered outstanding, whose work was underwritten by the capital and by the social opinions of a powerful empire, could vanish into the oubliette, there is no reason to suppose that the same thing may not happen to their modern equivalents-the Rothkos and Newmans, the Warhols and Johnses, and even (blasphemous thought!) some of the Picassos. What goes up is quite...
...been limited to small firms. Chemical Bank, which lost $6 million in post-Volckerism bond dealing, abruptly fired its trading manager. A billion-dollar sure thing- the issuing of IBM bonds last month- turned into a pumpkin for such blue-ribbon investment bankers as Salomon Bros., which had underwritten the deal. Because of difficulties selling the IBM securities, Salomon and other traders had to swallow losses of $10 million. For the once staid bond market, it has been a fitting 50th anniversary of the Great Crash...
...does a cop who stops the escaping Sutherland because the van carrying the swag to the airport has a malfunctioning taillight. Magicovsky was our last hope for some real excitement, but only modest suspense is generated by the encounter. Like everything else in this movie, it is underplayed and underwritten. Noel Black, who once did a curiously perverse little movie called Pretty Poison, is capable of stronger work, and so are these performers. Mere agreeability is just not enough to sustain a movie that has crime as well as comedy on its mind...
...arranging a visit to Riyadh by South Yemen's President, Abdel Fattah Ismail, in an attempt to relax regional tensions, ultimately leading to the departure of a reported 3,900 Soviet, Cuban and East German troops and advisers harbored by the South Yemen government. The Saudis, who have underwritten 1 billion dollars in arms for the northern San'a regime, immediately put their 45,000-man army on alert, recalled 1,000 troops assigned to the Arab peace-keeping force in Lebanon and joined North Yemen in demands for mediation...
...returned to Paris with some new acts. "It's harder and harder to innovate," he sighs. "My creations must always be more surprising." On Nov. 15 he will open a World Center for Mime on the Right Bank. The center, which already has 400 applicants, is largely underwritten by the city of Paris. "It's a dream that has been close to my heart," says Marceau. "The end of thirty years' effort...