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...bank failures came seven weeks after the government seizure of another institution, Banco Progreso, with losses initially estimated at $635 million. After auditors took a close look at the books, the red ink nearly doubled; it may wind up totaling more than $2 billion...

Author: /time Magazine | Title: BANKING: WE'RE ALL GOING TO PAY | 2/20/1995 | See Source »

...severe drag on the economy. It is true that the annual budget deficit has been reduced for three years in a row, but new projections show it rising again in the fiscal year that begins Oct. 1. And though most economists think the trouble is not red ink as such but too much of it, an amendment attempting, say, to hold deficits to no more than 2.5% of gross domestic product would be too complicated even to think about. A balanced-budget amendment probably could be stopped now only if politicians convinced the public that they can enforce fiscal discipline...

Author: /time Magazine | Title: Hard Going for the Easy Part | 1/23/1995 | See Source »

...Kline like Ninth Street, 1951, with its traces of looping body shapes, makes that clear. Where it did not come from, though, was where it was often said to have come from: Oriental calligraphy. Of course, there is a superficial likeness between Kline's structures and ideograms in sumi ink on silk, especially in reproduction, when the particular qualities of paint and surface are lost. But the things themselves are very different. "People sometimes think I take a white canvas and paint a black ! sign on it," protested Kline, "but this is not true. I paint the white as well...

Author: /time Magazine | Title: ART: The Man Who Painted IMPACT | 1/23/1995 | See Source »

Before the ink had a chance to dry on both the list of names and the Crimson's mounting achievements, the team was in a new town with another game to play...

Author: By Shira A. Springer, | Title: Red-Hot W. Cagers Dismantle Penn, Princeton | 1/9/1995 | See Source »

...aids or steps toward a finished composition, and they don't bother with seducing the eye. They are pragmatic expressions of the desire to understand a pose, a set of figures, or a structure of tonal relationships, bluntly set down in strokes of the pen and unfussed dabs of ink wash. For the sensuous side of Poussin one must consult the paintings, in all their majesty of color: the ultramarine blues, vermilions, gold-yellows, unfurled against the softer tones of nature...

Author: /time Magazine | Title: ART: Decorum and Fury | 12/5/1994 | See Source »

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