Word: deale
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Dates: during 1980-1989
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...debut playwright. Not only was the show on its way to Broadway with a 20-member cast headed by erstwhile Oscar nominee Tom Hulce (Amadeus), but it had been bought for the movies by producer David Brown, whose credits include Jaws, The Sting and The Verdict. He made a deal that could bring creator Aaron Sorkin, 28, a sum well into six figures. By the time the show opened last week, however, the publicity about a wunderkind proved a disadvantage: it imposed unreasonable expectations and, for some spectators, turned what would have been a pleasant surprise into mild disappointment that...
...First, the countries of Latin America must make concerted efforts among / themselves, then coordinate with other developing countries so as to enhance our bargaining power. There is a need for a new North-South summit that would deal with some issues involving the security of the whole world. I think we have to recognize that today's problems are global and that interdependence is both a problem and a solution. That's a central theme, and it's why a North- South conference is indispensable...
Auction has transformed the very nature of the art sale. In 1983 the old English firm of Sotheby's was taken over by A. Alfred Taubman, American conglomerator, real estate giant and collector. The deal had to be approved by Britain's Monopolies and Mergers Commission. At the commission hearings, Taubman declared that he would be "very concerned" if the public ever got the idea that Sotheby's was centered anywhere but Britain, and that the "traditional nature of the business and of the services offered would be changed as little as possible." Request approved...
...wholly honest people and flat-out crooks. It has never earned the right to be considered either self-policing or self-correcting. It needs regulation, but consumer affairs -- overburdened with the million complaints about small and large business violations that arise in New York, which it was created to deal with -- may not be equal to this task...
...Irises, in the event that Dallhold Investments -- the holding company through which Bond owned the picture -- defaulted. The auction house rejected this proposal. In late 1988 Bond himself reportedly tried to pass off Irises to the New York megadeveloper Donald Trump as partial payment on a $180 million deal for the St. Moritz Hotel. Trump, no collector, said the painting was worth only $30 million and turned him down...