Word: collective
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Dates: during 1970-1979
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Senior Writer Michael Demarest, who wrote the story on the growing rage to collect everything from Bruegels to Barbie dolls, is a traditionalist in these matters. "A Louis XV marquetry cabinet would be nice," he says, "though I would be quite content to receive a second painting by Jack Yeats [Poet William Butler Yeats' brother] to go with the one I have." Demarest began covering the auction scene-and, inevitably, acquiring some treasures for himself-while stationed in TIME'S London bureau from 1958 to 1961. "It was convenient," he says, "and I got very good advice. Sotheby...
Pivar, who already owns canvases by Dante Gabriel Rossetti, Bouguereau and Burne-Jones, is constantly expanding his collection, which is already far too large to display in his cavernous two-story bachelor apartment off Manhattan's Central Park. He concedes that his paintings of diabolic winged creatures, furiously driven chariots and diaphanously clad maidens are basically "decor," adding: "You are not supposed to look at the paintings, they look "at you. The art puts out the energy." Anything that produces energy these days should be profitable, of course, and Pivar's collection is no exception. "Since I started...
...Soviet campaign only tended to strengthen the resolve of the British, West German and Italian governments. But it also contributed to the uncertainty of some of the smaller members of NATO, notably The Netherlands and Belgium. The opposition socialist parties in The Netherlands managed to collect enough support to put the Dutch Parliament on record as opposing the missile plan. Caught in a domestic political dilemma, Premier Andreas van Agt dashed off to Washington, Rome, London and Bonn in search of a compromise...
...five-man group favored a high tax but could not agree on the particulars. So each member sent a separate proposal to Carter. The differences revolve around the size and timing of the tax and how to distribute the projected $50 billion in revenues that it would collect. One popular idea is to rebate perhaps $40 billion to workers and employers in the form of lowered Social Security and income tax levies. Another suggestion involves using some $10 billion to help balance the fiscal 1981 federal budget...
More and more OPEC members are discovering that they can collect just as much by cutting production. Kuwait, Iraq, the United Arab Emirates, Algeria and Libya have all announced cutback plans for 1980, and others are likely to follow. Warns Gulf Oil Corp. President James Lee: "We estimate that OPEC could cut its exports by about 8 million bbl. per day, or nearly 25%, and still maintain balanced economies for its members." Reason: as the cartel sold less oil, the price for the diminished supply would automatically surge...