Word: auction
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Dates: during 1970-1979
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...Mansions. Brown's spare approach is most apparent in his life-style in office. The conservative Reagan had operated in rather sumptuous fashion; he traveled in a Cessna jet or in limousines guarded by a squad of highway patrolmen. Brown put the limousines up for auction; he flies commercial and rides in a 1974 Plymouth with one plainclothesman. He vows never to move into the $1.3 million Governor's mansion that was started by his predecessor. Instead, he lives in a modest Sacramento apartment and pays the $250-a-month rent out of his own pocket. Gifts...
Simon's difficulties have been increased by some faulty predictions and policy misjudgments. He returned from a Middle East trip last summer predicting that an oil auction by Saudi Arabia would break petroleum prices; high Saudi officials had told Simon that those events would take place and he believed them. At home Simon preached "the oldtime religion" of tight money and budget cutting to fight inflation. Last summer he opposed any substantial easing of the Federal Reserve's strangling credit squeeze and listed for President Ford possible spending cuts totaling $20 billion or more (Simon said they were...
...commodity: by museums which flaunt their directorial machismo by advertising the prices of their million-dollar acquisitions; by witless journalists whose only peg for discussing art is its price; by collectors who grub for investment; and by the horde of dealers, ranging from the little sharks to the dignified auction-room gents with faces like silver teapots, who have striven to give art the primary function of bullion. The present epidemic of art theft is ultimately their responsibility. In one day last week, in one Italian district-the Abruzzi-thieves made off with a 12th century Madonna and Child...
PROCEDURE. Many critics pointed out that the Interior Department depends too much on the oil industry for information. Senators Hollings and Tunney suggest that the Federal Government take responsibility for exploring before offering offshore leases for auction. Alternatively, New York State officials suggest that there be much tighter federal controls on all offshore-oil development...
...gunshot wounds; near Montauban, France. Together with his mother and sister, Jean-Louis barricaded La Fumade, the Portal family's 30-room mansion, shortly before the death of his father Baron Leonce in 1973, and refused to relinquish it to the farmer who bought it at a debt auction. After Portal shot and wounded two workers sent by the new owner to plow the land, 70 gendarmes assaulted La Fumade, braving fire from the young baron's elephant gun and mortally wounding him. The body of the father, which the family had kept in a coffin...