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Sources familiar with estate taxes say the Newhouse case is likely to drag on for years. Some past large actions have been settled when an estate agreed to pay half of the taxes demanded. That would still be a vast sum in the Newhouse case, but one that the family may be able to afford without selling any properties. The value of the Newhouse holdings is so large, experts say, that the heirs might be able to meet the taxman's demands out of their corporate earnings...

Author: /time Magazine | Title: Auditing the Grand Acquisitor | 10/24/1983 | See Source »

...director does create a few inspired and captivating images. The knights vie for Thaisa as hockey-masked, business-suited drag racers; the final act heightens Pericles' dejection by portraying him as a dirty bearded Howard Hughes bum in a box: a single swinging light on a black stage conjures a violent storm. And the opening, with narrator Brother Blue emerging from a turquoise pool of light and fog, works well. Simple scenes in the hands of Sellars can become striking: the discovery of Thaisa's coffin by villagers plays hauntingly, though many other poignant scenes fall flat. Background music takes...

Author: By Webster A. Stone, | Title: Beyond Interpretation | 10/21/1983 | See Source »

...amply demonstrated, the wings kept the boat from sliding with the wind when heeling and helped it stand straighter when tacking. The configuration allowed Lexcen to use a sleeker hull design so that the boat's wetted surfaces were smaller than on conventional twelve-meters, thus reducing drag...

Author: /time Magazine | Title: Sport: Our Cup Runneth Under | 10/10/1983 | See Source »

...golden triangle that is slowly projected toward the audience by a hidden cherrypicker lift. In Jesus' company come a sweetly sensuous, cheek-kissing Mary Magdalene, a quintet of Jewish high priests who call for a "final solution" to their Jesus problem, and King Herod-a queen in full drag. There is also the traitor Judas, played by a black whose considerable talent and limitless energy sometimes upstage Jesus. Clad in silver jockey shorts, Judas returns from the dead on a butterfly-winged acrobatic bar to ask the doomed Jesus "Why you let the things...

Author: /time Magazine | Title: SHOW BUSINESS 1971: The Gold Rush to Golgotha JESUS CHRIST SUPERSTAR | 10/5/1983 | See Source »

Despite the relatively bright outlook for prices, interest rates will continue to be a drag on the recovery. Eckstein pointed out that the real, or inflationadjusted, cost of borrowing money is four to five percentage points higher than the traditional level. One reason: investors and financial institutions are demanding more interest for their money because they fear that Government deficits will eventually force the Federal Reserve to expand the money supply enough to rekindle inflation. The Fed must chart a narrow course between providing too much money, which would fan inflation fears, and being too stingy, which might stall...

Author: /time Magazine | Title: Surging Up from the Depths | 9/26/1983 | See Source »

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