Word: gone
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Dates: during 1980-1989
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...seems those days are gone. Now it takes me several hours just to stay on top of things, and several more to try to understand them. I'm inundated by the daily flood of headlines from Eastern Europe. 'Tis the season to be overwhelmed...
Nonetheless, the deal will bring Hollywood's two hottest producers to Columbia Pictures. That should help stabilize a struggling studio that has gone through three top management teams since 1978 and had been at a standstill while awaiting the outcome of the Sony-Warner battle. But after paying a spectacular price for admission to the U.S. movie business, Sony will expect its two hitmakers to deliver some true Hollywood miracles...
...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 to starve its museums...
...lease early, settle the difference between the lease payments and the original $3.96 million and take ownership of the Manet. All seemed well until an American adviser in 1987 pointed out to Chemical that by law the Manet belonged to the bank and not to Bond. Its price had gone up. So why shouldn't Chemical auction the Manet on behalf of its shareholders? On learning of this suggestion, Bond reportedly flew into an epic rage. Chemical backed down and let Bond pay off the lease and keep the picture...
Until now, the broadcast networks had not viewed the CNN partnerships as much of a threat, since most of the stories involved never ran on the networks anyway. Those days are gone. When NBC News delayed switching to live coverage the night of the California earthquake, for example, CNN effectively replaced the network for CNN's 45 NBC affiliates by feeding them the live coverage from KRON in San Francisco and KNBC in Los Angeles...