Word: budd
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Dates: during 1980-1989
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...interest rates, including mortgage costs, are starting to rise from the low levels that have prevailed for the past few years. But as long as the heated demand lasts, the megabuilders intend to keep putting up mansions that Citizen Kane would not be ashamed to live in. Says Budd Holden, a Los Angeles luxury-home developer: "The people spending millions of dollars on a home are buying not so much a house as a life-style." And a pretty good one, at that...
...more immediate problem is oversaturation of the market. Like baseball expansion, the proliferation of comics has led to a diffusion of talent. "The quality is getting thinner," admits Silver Friedman, co-founder (with her ex- husband Budd) of the Improvisation club in New York. So far, however, the ranks are not dwindling. "The competition is unbelievable," says Comic Wright. "Every year I think it will level off, but it doesn't." Meantime, happy audiences seem willing to endure wisecracking dwarfs and Indian mystics in hopes that another Wright or Leno will be just beyond the next punch line...
Anyone who reads has toured parts of this fun house before. Budd Schulberg and Nathanael West spurned it in novels. Elderly actresses and directors have told gaudy lies to their tape recorders. What Author Otto Friedrich contributes in City of Nets (Harper & Row; 512 pages; $25) is a lucid, darkly funny recounting that threads the loopy stories and the titanic egos into a coherent narrative. Friedrich, a TIME senior writer, clearly cherishes the surreal nuttiness of Hollywood's great days...
...dwindling moderate contingent within the state's lagging second party, including party chief Andrew S. Natsios, had reportedly favored another candidate for the office--former Massachusetts Bar Association President Wayne A. Budd. Two other candidates were Robert S. Mueller Jr., now the state's first assistant U.S. attorney, and Jeremiah T. O'Sullivan, who heads the Justice Department's Organized Strike Force...
...House Budget Committee, led by its low-key but & effective chairman, William Gray of Philadelphia, held hearings on Reagan's proposed cuts in five cities coast to coast. "Ronald Reagan has declared war on the city of Chicago," fumed Mayor Harold Washington. The President's "dastardly" budget, exclaimed Budd Bell, head of the Florida Clearinghouse on Human Services at a hearing in Tallahassee, "will result in the dismantling of many lifesustaining programs." Ron Anderson, president of Parkland Memorial Hospital in Dallas, denounced cuts in Medicare, Medicaid, maternal- and child-health grants and childhood immunization programs as being likely to produce...