Word: backe
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Dates: during 1970-1979
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...trip was part of a periodic exchange of visits between leaders of the two nations, and the agenda concentrated on the issues that currently matter most to both countries: Iran, Zimbabwe Rhodesia, Northern Ireland, defense, energy and the threat of recession. Back home Thatcher's own popularity has suffered as inflation has climbed to 17%, with the prospect of worse to come in 1980. Nonetheless, she seems to relish the challenge, openly acknowledging that her rigorously conservative policies will not begin to take effect until...
...their bidders' keepers-even dealers who are making wild profits as a result of the art boom evince a certain distaste for the whole process. London's Waddington points out that the auction world's Big Two, unlike most thriving corporations, do not plow back even part of their profits into research, grants for young artists or gifts to museums. Says he: "They are simply dealing in commodities." There is a gavel-size black cloud over the Big Two, however. Christie's, closely followed in London by Sotheby's, in 1975 tacked a 10% buyer...
...their peril." In practice, a buyer who wishes to remain anonymous prearranges his signals with the auctioneer. Thus a bid may be wigwagged by a nod, a wink, a patted handkerchief, a crooked finger, an arched eyebrow. Says one Manhattan auctioneer of a prominent patron: "When he turns his back on me with a cigar in his mouth and walks away, that means he's bidding...
...museum at its enhanced value, fueled the art boom. The inequity of such laws has been that, if the artist gives his own work to the same museum in the same year, he cannot claim its fair market price as a write-off: all that the IRS gives him back is the cost of canvas and paint. The unfairness is compounded when the artist dies: the state then assesses the paintings in his estate at their highest market value and makes his heirs pay tax on that. This may be why the geese are not cackling with rapture as they...
...clearly what is and is not Catholic doctrine, the isolation of Kung is particularly important because he has publicly questioned or denied outright the creed that Christ is eternally "one in substance" with God the Father, the belief that the church is based on an apostolic succession that goes back to St. Peter and the sacrificial nature of the Mass. Küng's doubts are influential, as several of his books have become bestsellers...