Word: buyer
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...lobby triumphed in its latest campaign, a $4 million effort against a sensible congressional proposal to strengthen existing federal restrictions on the sale of handguns. The legislation would have required gun dealers to wait seven days before completing a sale, giving police time to determine whether a buyer is a convicted felon, an illegal alien, a drug abuser or a mental patient. Last week the House meekly bowed to N.R.A. pressure and killed the proposed waiting period by a vote...
...Washington and House Whip Tony Coelho of California, supported the gun lobby. They contended, as has George Bush, who boasts that he is a life member of the N.R.A., that such restrictive legislation should be left to the states. But only 22 states require waiting periods. A gun buyer in a hurry need only cross a state line to speed his purchase...
...magazines and a daily racing-tip sheet be worth billions of dollars? Maybe so, if the buyer is Keith Rupert Murdoch. Last week the Australian-born press baron agreed to buy Triangle Publications, which puts out TV Guide (circ. 17.1 million), the Daily Racing Form (123,000) and Seventeen (1.9 million), from Walter Annenberg, the California businessman and philanthropist, for $3 billion. While TV Guide may be the undisputed king of television listings and boast the largest circulation of any U.S. magazine, media experts concur that Murdoch is paying a premium price that will add to his already considerable debt...
When Japanese and Hong Kong investors began buying prime shoreline property along Sydney Harbor late last year, the Australian government, citing home- buyer reaction against skyrocketing property prices, imposed limits on foreign investment in some areas. At the same time, however, Australia tried to assure the Japanese that it still supported the "special relationship" between the two countries that was envisioned by the 1976 Nara Treaty and other accords. In meetings last month with visiting Prime Minister Noboru Takeshita, Prime Minister Bob Hawke acknowledged strains but told his guest that the "vast majority of Australians welcome...
...Russian art. Several other Rodchenko works drew high bids, including the cubist-inspired Composition, 1916. The second highest price of $ the sale, however, was fetched by a contemporary Soviet artist, Grisha Bruskin, 43, who has been harassed by the KGB for displaying his paintings to foreigners. An anonymous buyer paid $416,000 for his Fundamental Lexicon, a witty but inconsequential series of 32 panels depicting statues of ordinary citizens in heroic poses...