Word: backed
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Dates: during 1970-1979
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...kind of high-mindedness he had mocked as a student, ten years before, with an acrid parody of Puvis de Chavannes's Sacred Grove, into whose pallid scattering of muses he introduced a line of stray moderns from a Paris street, including his stunted self, back turned, urinating on the turf of Parnassus. Lautrec thought the timeless and the eternal a boring joke, and in At the Moulin Rouge he offered the alternative: let the aesthetes dedicate themselves to Higher Thought, but he would stick with gaslight, friends and the fallen soul...
...Street to the outwardly calm boardrooms of Zurich, the world's financial centers experienced a whiff of panic last week. In two days of frantic trading, the price of gold on the London exchange soared a breathtaking $50 per oz. to $447 at one point; then it plunged back down almost as steeply, closing the week at $385. Silver, platinum and copper also gyrated wildly. Said a New York bullion trader: "The market's gone bananas...
...more dollars, whose value declines almost daily. OPEC countries in particular are attempting to put new oil earnings into marks, yen or gold. Says Washington Economic Consultant Harald Malmgren: "The Arabs have learned that they pump oil out of the sand, hold the dollars, and the dollars turn back to sand." Nervous central bankers also fear that dollar holders will suddenly try to move large funds into another currency or into gold. Warns Karl Otto Pohl, president-designate of the German Bundesbank: "If this mass of dollars ever begins to crumble, it could start an avalanche that would bury...
...recruits, whose desolate backgrounds may have deprived them of a childhood, begin playing their lethal game. Victims are selected at random: women, children and frail men who cannot fight back. The murderers shoot or stab from behind, often leaving their victims in agony. They chortle over each attack, showing remorse only when they fail to kill. Then their eyes fill with tears. The more blood they shed, the more they seem to crave. One youth is picked up on the street, taken back to the loft and butchered piece by piece. The remains are trussed up like a frozen turkey...
...humor of The Ginger Man (1965) was unmistakably the effort of an authentic writer. Donleavy's recent works seem to be the chores of an author, necessary productions for the furtherance of a literary personage. Donleavy may not actually have dictated his new book while riding in the back of a rented Rolls, but the impression given by Schultz, a farce about an American theatrical impresario attempting to stay afloat in London, is of a novelist who believes that neither his subject nor his reader deserves close attention...