Word: givings
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Dates: during 1980-1989
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...Chicago's James Wood the damage comes down to a confusion between aesthetic and material value. "When a work of art passes through our doors, it should leave the world of economics," says Wood. "Walking through a great museum is not going to give you a profile that reflects the auction market. You have to educate people to grasp that the money paid for a work of art is utterly secondary to its lasting value, its ability to make them respond...
American museums have in fact been hit with a double whammy: art inflation and a punitive rewriting, in 1986, of the U.S. tax laws, which destroyed most incentives for the rich to give art away. Tax exemption through donations was the basis on which American museums grew, and now it is all but gone, with predictably catastrophic results for the future. Nor can living artists afford to give their work to U.S. museums, since all the tax relief they get from such generosity is the cost of their materials. Thus, in a historic fit of legislative folly, the Government began...
...coach is expected to win at Notre Dame. Win a lot -- while still putting academics first and observing the NCAA rules of conduct. "If you keep the rules," the Rev. Theodore Hesburgh, then Notre Dame's president, told Holtz at his final pre-hiring interview, "I will give you five years. If you ever cut corners, you will be out of here by midnight." "We like to win," says the school's current president, the Rev. Edward A. ("Monk") Malloy, who as a Notre Dame undergraduate was a varsity basketball player. As a measure of exactly how much Notre Dame...
Cable's growth has made it harder for local stations to win viewers as well. The affiliates are especially hard hit, since they must take 21 hours a week of increasingly unwatched prime-time network programming. They are reluctant to give up that burden, since they receive at least $140 million a year each from the networks for shouldering it. Independent stations have somewhat more latitude, but both groups are hungry for programming that sets them apart from cable and from each other. Among their alternatives are better movies and syndicated reruns of popular network sitcoms like Cosby, Cheers...
...rebuffed Gartner's suggestion. "It's too late for the networks to go back to the old way, when / they were the only ones we associated with," said Bob Jordan, news director of NBC affiliate KCRA in Sacramento. "Too many affiliates have other partnerships now and are unwilling to give them...