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...that it would have international appeal." State and local governments chipped in half of the $4.8 million budget, and new works were commissioned from a dozen or so major playwrights, composers and choreographers, including Tennessee Williams, Edward Albee, Lanford Wilson, Gian Carlo Menotti, Lukas Foss, Ned Rorem and Geoffrey Holder. To give the festival a festive look-and to remind everyone that this was, after all, flaky, flamboyant Miami-Christo, the site artist, was hired to wrap pink plastic ribbons around ten small, uninhabited islands in Biscayne...

Author: /time Magazine | Title: Show Business: Sweating It Out in Miami | 6/28/1982 | See Source »

...back when the deal expires. Since typical repos last for only a few days, traders normally do not take account of the accrued interest on a bond, bill or note when valuing it in the transaction. Instead, when the interest is paid by the Treasury to the current holder, the money is automatically passed back to the original owner of the security...

Author: /time Magazine | Title: Aftershocks of a Money Tremor | 6/7/1982 | See Source »

...largest bubble-gum bubble (19¼ in.), Hollingsworth for balancing a milk bottle on his head while walking 18½ miles (a truly dying art), and Father Hesburgh for accumulating more honorary degrees than anyone else ever has. Next month Hesburgh will surpass Guinness's current record holder, former President Herbert Hoover, who had 89. Hesburgh's 90th will come from Kalamazoo College in Michigan. That looks nice on the resume, but adds up to a problem in finding space for his colorful academic hoods and coming up with acceptance speeches. "It's difficult to tailor...

Author: /time Magazine | Title: People: May 17, 1982 | 5/17/1982 | See Source »

Although more than 20 Harvard team members qualified for last weekend's championship, only seven decided to complete. Among those who opted to stay in Cambridge to sun and study were All-Americans Darlenc Beckford and Kate Wiley, as well as University pentathion, heptathlon and hurdles record holder Mariquita "Skeets" Patterson...

Author: By Caroline R. Adams, | Title: Runners Seventh at Easterns | 5/17/1982 | See Source »

...addition, his wife Dena, 33, has charged her husband with desertion, and last week was named the temporary holder of his property. Merrill Lynch and Swiss American Securities also are suing the missing Lewellyn. In a final family humiliation, Lewellyn's father resigned from his bank, which has now been sold to the Hawkeye Bancorporation, a Des Moines bank holding company...

Author: /time Magazine | Title: Des Moines Stockbroker Lewellyn: Catch Me if You Can | 4/26/1982 | See Source »

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