Word: centralizes
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Dates: during 1990-1999
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...philanthropic empire. One of his first ventures was in his native Hungary, where he supplied the country with photocopiers, an inspired application of technology to fight censorship. As the democracy movement gained momentum throughout Europe, Soros swept in to fund it, at times acting as a one-man central bank for struggling countries. He established philanthropic offices all over Eastern Europe. Nominally centered in New York City under the direction of Aryeh Neier, the former head of Human Rights Watch, Soros' network of foundations in 31 countries employs about 1,300 people. Soros has spent about $1.1 billion sustaining free...
Soros runs his philanthropy and his business from the same place, a couple of floors of shopworn offices in New York City. On two floors overlooking Central Park, Soros Fund Management operates with the standard mission-control banks of computer terminals, manned by frantic traders looking for profits in the interstices of monetary flows. His best-known division, the Quantum Fund, is a so-called hedge fund that invests for rich clients. (See box.) The company itself has $18 billion in assets under management. It is also a vulture investor, taking positions in distressed companies in anticipation of a turnaround...
...must for a better New York theater, then let the excavators be two of the town's brightest directors. Scott Ellis' 1776, at the Roundabout, and George C. Wolfe's On the Town, playing this week at the outdoor Delacorte Theater in Central Park but with eyes on a Broadway transfer, are refreshing summer mints that could be a treat for all seasons...
Comden and Green, who were in the Central Park audience on opening night, know that On the Town is no museum piece. For the 1949 film version, they replaced most of Bernstein's brassy score with more razzmatazzy tunes. But Wolfe has jettisoned Robbins' choreography for dances by Eliot Feld that don't buoy the production; they give it stretch marks. Better to cut these and let the show soar as an all-out musical comedy...
...sing) remind us of Broadway's continuing lure for talent. Though the musical is a perpetual invalid, kids keep coming to New York wanting to put the show on right here. Where else? When the music's great, the jokes funny, the women sassy and the moon over Central Park gloriously full, New York is once again a helluva town...