Word: blowup
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...greater. His L'Avventura (1960), which sets up a mystery it never resolves, quickly became a rallying cry and furious debating point for serious film lovers. La Notte (1961), Eclipse (1962) and Red Desert (1964) cemented Antonioni's reputation as an anatomizer of malaise and a supreme picture-maker. Blowup (1966), his first full-length English-language film, was a sensation for its frank view of sex, drugs and rock 'n roll in swinging London. It grossed $20 million (about $120 million today) on a $1.8 million budget and helped liberate Hollywood from its puritanical prurience...
...hoped to make a film about astronauts preparing for the moon voyage, he found a powerful supporter: President John F. Kennedy. "He welcomed the project with great enthusiasm," Antonioni said of JFK. "He invited me to the White House to talk about this film." This was long before Blowup, when the filmmaker was still a caviar taste in the U.S. (I'll bet Jackie urged her husband to spend some time with the dapper Italian...
...Shooting his new film in Spain, Allen took time out to talk with me about Bergman. We began by remarking on the death, the same day as Bergman's, of Michelangelo Antonioni - the Italian director of L'Avventura, Eclipse, Blowup and The Passenger, and another prime depicter of modern alienation...
Thorp, who at 74 no longer runs a hedge fund but still invests in a few, doesn't worry too much about a meltdown. "My opinion is that the most likely scenario is not a blowup but rather that hedge funds as a group will gradually and continuously lose their edge (if they haven't already) over other asset classes," he writes in an e-mail. "Then they will 'top out'--like mutual funds, real estate, etc.--and then just be a fluctuating fraction of total financial assets--part of the financial landscape...
...hedge funds isn't what it used to be. Once they were known for being secretive and small--for taking money from millionaires, making winning trades in exotic investments like swaps and warrants and collecting massive fees in near anonymity. The setup was disrupted only by an occasional, spectacular blowup. Over the past four years, though, assets in these funds have more than doubled, to $1.3 trillion, while returns have flagged--and that changes a lot of things...