Word: fray
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Dates: during 1980-1989
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...obsessed by the idea of a Viet Nam memorial in Washington. But Wheeler favors the final design; Carhart, a lifelong iconoclast, censures the "black gash of shame and sorrow, hacked into the national visage that is the Mall." George Crocker, the classic warrior-aristocrat, is far removed from that fray. He distinguishes himself in combat, rises to lieutenant colonel and becomes the liberator of Grenada, a John Wayne figure "doing men things in a manly manner with other...
Increasingly, the photographers also brought high-speed color film to the fray. By the end of the '70s, color photos of the week's events had become the staple of TIME and Newsweek, which had moved into the void left by the collapsing picture magazines. For many traditionalists, color marked a final capitulation to the values of television. But a group of younger photojournalists would begin to paint the news in bold colors. Like the U.S. after Viet Nam, these new practitioners were no longer satisfied by the old certainties...
...this year, a new progressive slate, the Working Committee for a Cambridge Rainbow, has added itself to the fray...
...Wall Street investors took a cautious first look at the proposed Time- Warner cash bid. Time stock, which had closed at 180 on Tuesday on rumors that major new bidders might enter the fray, fell to 162 1/2 a share on Friday. Warner stock rose to 59 1/4, up 3 1/8 for the week, and Paramount, which was also the subject of takeover rumors, closed at 58 1/8, down 1. Many takeover speculators, some of whom own stock in all three companies, seemed perplexed at the growing complexity and unpredictability of the triangular struggle...
...else failed, Time could seek a so-called white knight to save it from Paramount's grasp. But almost any bidder with enough financial backing could jump into the fray without being invited. Moreover, Wall Street analysts believe that all three companies are now up for sale, since their stock is falling into the hands of speculators who will gladly sell to the highest bidder. "I bet none of the three companies will exist a year from now," says Ellen Greenspan, a leading Wall Street arbitrager...