Word: globality
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Dates: during 1990-1999
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...When Hughes died, Faber & Faber chairman Matthew Evans would only say "the loss to his family is inestimable." If he meant to include the extended, global family who have felt touched by and connected to Hughes? work, Evans was right on the money...
Economic meltdown in Asia, collapsing hedge funds in Connecticut, mass layoffs at the brokerage houses, a falling market for expensive cigars and Ferraris--yet there goes the Bellagio, sailing into the teeth of the gathering global gale, with 3,000 of the highest-priced rooms in Vegas and something like $300 million worth of works of art nailed to its mast. All bought, over a little more than two years, by Stephen A. Wynn, 56, who had never collected anything except casino real estate and golf courses before--and who is, moreover, gradually losing his sight to retinitis pigmentosa...
...Vegas Valley, for instance, is heading into a glut of 127,000 hotel rooms--up a scary 20% from the current level. That's one reason gaming stocks such as Mirage's have lost one-third to one-half of their value in the past year. The weakening global economy is also taking its toll. The high rollers from Asia, the focus of a lot of attention, are nursing their bank accounts. At the Mirage and MGM Grand, both popular with the big-money crowd, second-quarter earnings were down 31% and 56% respectively...
...real estate heir who recently placed a full-page ad in Variety soliciting investors for his as yet unmade film, Princess Diana Saves the World. It is the story of how the dead title character rounds up other "good angels" (including Frank Sinatra and J.F.K.) and staves off global destruction. "Imagine Diana sitting at God's knees like a little girl--that's the first scene," Gallo explains. "This is a monster. This will sink Titanic." He clearly has a vision. I have a vision of my own: a democracy of moving images. Not everyone can be Martin Scorsese--that...
...refusing to resign, Clinton is saying he wants to go down fighting. The problem is that since he is President of the most powerful nation on earth, the victims of his anarchy will be global. Clinton's hardheadedness will soon start claiming victims, and they will be far-flung. No continent will be immune. Americans will be abdicating their responsibility for global leadership if they continue to pretend this issue is exclusively an American problem. PETER EGBE-ULU Lagos, Nigeria...