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...advanced" styles), and as such it is the one regular national survey of American art held by a major U.S. museum. It pretends to be plain reportage, but it is nothing of the sort -- art-world pressures on it run too deep for that. Still, it serves as an index to the current scene and holds a mirror of sorts up to American painting...

Author: /time Magazine | Title: Art: Careerism and Hype Amidst the Image Haze | 6/17/1985 | See Source »

...barking dogs and radioactive babies. Another is Jean-Michel Basquiat, 24, much hyped as a sort of art-world Eddie Murphy and hence especially popular with Los Angeles collectors, his untutored and zappy scrawls routinely praised for their "energy." (This anxious hope for signs of energy is a sure index of cultural flabbiness.) But for postgraffiti art the writing is already on the wall, and such careers, rolling in their limos to oblivion, remind one of Robert Graves' Epitaph on an Unfortunate Artist...

Author: /time Magazine | Title: Art: Careerism and Hype Amidst the Image Haze | 6/17/1985 | See Source »

...Federal Reserve Board is able to let mortgage and other interest rates decline because inflation seems dormant. The Labor Department reported that the consumer price index rose at a moderate 4.6% annual rate in April and at a 4.2% clip for the first four months of the year. Inflation has been about 4% since 1982, and TIME's economists forecast that this pace will continue through the rest...

Author: /time Magazine | Title: Waking Up From a Slump | 6/3/1985 | See Source »

...last month, fueling criticism of the government's austerity prescriptions even from a member of Thatcher's Cabinet. Energy Minister Peter Walker, a moderate who is a contender to succeed Thatcher, advocated drastic action to combat the 13.5% unemployment rate. Until recently, Britain's low inflation index had been one of the government's points of pride; last week the rate stood at 6.9%, up from 5.1% a year ago and the highest since...

Author: /time Magazine | Title: Britain Thatcher Hits Stormy Weather | 5/27/1985 | See Source »

...weakness in the economy would make the plight of minority youths even worse. The Commerce Department reported last week that the index of leading economic indicators, a gauge that attempts to predict future business trends, dropped .2% in March, portending sluggishness for the rest of the year...

Author: /time Magazine | Title: Teenage Orphans of the Job Boom | 5/13/1985 | See Source »

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