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Some of our correspondents found subjects for books simply by plying their trade. Before leaving Tokyo for his new post in Los Angeles, Correspondent Edwin Reingold collaborated with his subject for Made in Japan: Akio Morita and Sony (Dutton), a study of that enterprising industrialist. Boston Correspondent Lawrence Malkin's The National Debt (Henry Holt) grew out of his 25 years as an economics journalist. Washington Bureau Chief Strobe Talbott expanded on his coverage of the past two superpower summits to co-write, with Michael Mandelbaum of the Council on Foreign Relations, Reagan and Gorbachev (Random House...

Author: /time Magazine | Title: A Letter From the Publisher: Mar. 2, 1987 | 3/2/1987 | See Source »

...aboard Arms Dealer Adnan Khashoggi's $40 million DC-8 enjoyed the last word in airborne luxury. But last week the jetliner, with its three bedrooms, crystal goblets and Russian sable bedspread, was seized by police at Le Bourget Airport in Paris under a court order obtained by British Industrialist Roland ("Tiny") Rowland, who seeks repayment of a $2.5 million loan...

Author: /time Magazine | Title: Arms Dealers: Goodbye to All That | 1/26/1987 | See Source »

...over the past decade, the thinness of L.A.'s art institutions began to cause heartburn. There had been a contemporary museum in Pasadena, but it collapsed for lack of money in 1974 and was acquired by the industrialist Norton Simon; it now houses his magnificent collection of old-master and 19th century painting. This left LACMA as the main showplace for current art. But through the '70s its treatment of contemporary painting and sculpture had been sporadic. Some collectors and artists came to feel a new museum was needed...

Author: /time Magazine | Title: Art: Getting On the Map | 1/12/1987 | See Source »

Isozaki's design did not fare smoothly at first. It fell afoul of a small group of trustees headed by Industrialist Max Palevsky, who, along with Eli Broad, put up the initial seed money for the museum -- $1 million each, spread over four years. Palevsky wanted a plain hangar of a building, as little ) "architecture" as possible. But after a two-day slugfest of a meeting, the board voted 17-3 for Isozaki, at which Palevsky resigned in a huff and sued for half his money back. But by then other key grants were in line. The "major breakthrough," according...

Author: /time Magazine | Title: Art: Getting On the Map | 1/12/1987 | See Source »

...MOCA announced with much fanfare that it had agreed to buy, for $11 million spread interest-free over six years, a group of works by Rauschenberg, Oldenburg, Rothko and others from Count Giuseppe Panza di Biumo, the Italian industrialist who was one of its trustees. Though it seems odd that a trustee could make a fortune by selling to his own institution, the deal was perfectly legal in California. "There's good self-dealing and bad self-dealing," says Director Koshalek philosophically. Then last November word leaked out that Count Panza's fellow trustees had discussed selling some...

Author: /time Magazine | Title: Art: Getting On the Map | 1/12/1987 | See Source »

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