Word: hyperion
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...show doesn't necessarily translate into a hit book. It needs a theme. Erwyn Applebaum, publisher of Bantam Books, which put Seinfeld and Reiser into print, says, "Now comedians who have never been known to read a book are thinking that they can write one." Robert Miller, publisher of Hyperion, claims his company wanted Allen to do a book well before Home Improvement became a hit: "This guy had made his reputation and (stand-up) act out of getting way deep into the complexities of male- female differences. That seemed like a very good subject...
Contemplating the same life from the outside, Peter Manso, author of Brando (Hyperion; 1,140 pages; $29.95), plays the indefatigable investigative reporter. He spent seven years interviewing something like 1,000 people, and he has, it would seem, never met a woman Brando failed to bed or a man he failed finally to betray. His sense of propriety is typified by his willingness to trail Brando's daughter Cheyenne as she leaves her psychiatric clinic, corner her on a park bench and record without qualification her accusations about her father's role in the murder of her lover...
...Stays in the Picture (Hyperion; 412 pages; $24.95) is an NC-17 tale of mob lawyers, studio reptiles, coke dealers, starlets, domineering directors and the fast-talking operator at the center of it all. Aside from taking a few swipes at Ryan O'Neal, Francis Ford Coppola and Sharon Stone, Evans mostly tells stories on himself, charting his rise, fall and struggle to rebound with a keen staccato style usually found in hard-boiled mysteries...
...WRITES swampy, phosphorescent thrillers about New Orleans (A Stained White Radiance, for example), suffers from a terrible and mostly undeserved reputation for fine writing. Perhaps to confront this slur head-on, he throws in some undeniably lavender flourishes on page 5 of his new best seller, Dixie City Jam (Hyperion; 367 pages; $22.95). "The wind was hot and sere," he reports. And "the sun looked like a white flame trapped inside the dead water." And "an occasional fork of lightning, like silver threads trembling inside the clouds." It's a weather bulletin delivered by choiring angels...
Regulators have had two good excuses recently to push their oversight of derivatives. Typically, derivatives contracts make up anywhere from 2% to 10% of the assets of the mutual funds that hold them. But the managers of a $385 million government-bond fund called Hyperion 1999 Term Trust got carried away last fall. The trust put nearly one-third of its money into derivatives contracts that amounted to bets that interest rates would not drop anytime soon. When they did drop, the value of the trust's shares plunged about 25%. Just last week, a group of investment funds...