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...Bacon's key motif: tortured figures writhing within a bright, clinical space. Hirst's meticulous glass tanks have some of the same feel about them, sanitary enclosures for something menacing (that shark), visceral (a bisected calf) or even putrid (that cow's head). In recent years Hirst has also begun to absorb Bacon's actual imagery into his tanks of formaldehyde. Two years ago he showed a work derived from one of the anguished triptychs Bacon made after the suicide of his lover George Dyer - with slaughtered sheep substituted for Dyer. Hirst has been buying Bacons as well, five...
...hasn't exhibited any of these pictures, but I saw transparencies of some of them in London - figurative work in a dark Bacon-ish key. He's still finding out what kind of painter he is. He's even begun to think of his mass-produced paintings as a means he used to avoid becoming a painter of another kind. "The spot paintings, the spin paintings," he says, "they're all a mechanical way to avoid the actual guy in a room, myself, with a blank canvas...
Irrational Exuberance may have come out just as the market peaked in 2000, for example, but Shiller had actually begun voicing his worries about high stock prices years before. Fed Chairman Greenspan got an earful from the economist a few days before making his "irrational exuberance" speech in 1996 suggesting the market was overvalued. But prices kept rising, and Greenspan concluded that he shouldn't try to outguess the market. Other economists have since shown that acting on Shiller's bearish advice then would have cost an investor big gains over the subsequent decade. One man was no match...
...Michigan House of Representatives, was elected in 2001 as the city's youngest mayor, the charismatic African-American politician brought energy to the economically decimated city. In the years since, thanks largely to the construction of both a baseball park and an NFL stadium downtown, the city has slowly begun to rebuild. Small but growing numbers of young professionals have moved in from the suburbs to live in newly constructed loft apartments, helping to slow the exodus that has slashed Detroit's population in half since the middle of the 20th century...
...investment in City may have only just begun. Sulaiman al-Fahim, a residential- and commercial-property tycoon who led the takeover for ADUG, pledged to turn English soccer's ninth best team of last season into world dominators. "To reach that goal, there is no limit," the billionaire said. "We really have deep pockets." As if to underscore the point, al-Fahim said today that City would make an astounding $243 million bid to sign United's MVP, Cristiano Ronaldo, in January, as part of his plan to bring in the world's best players...