Word: interests
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Dates: during 1980-1989
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Given this feverish interest in China, it was inevitable that Occidental travelers would add their own speculations about the People's Republic. Two years ago, Mark Salzman wrote Iron and Silk, a recollection of his years as an English teacher in Changsha. Next spring he will produce a novel, tentatively titled Journey to the West, that mixes Chinese myth and actuality. And next month will bring The Great Black Dragon Fire, by veteran journalist Harrison Salisbury. The fire was not fiction; it occurred in 1987, and it burned a Manchurian forest "so large that, like China's Great Wall...
Marriott has little interest in Howard Johnson's traditions. It prefers its own traditions, as exemplified by the name of co-founder Alice Marriott. Last June it began giving Bob's Big Boys in San Diego the new name of Allie's. "The intention, long term," says a company spokesman, "is to convert all Bob's Big Boys and Howard Johnson's to Allie's." While this was going on, however, some of the old-timers who had obtained their Howard Johnson's franchises from old Howard Johnson himself were fretting about being sold from conglomerate to conglomerate. So they...
...contrast with 1988, when the binge in corporate buyouts helped offset the defection of millions of small investors, the latest downturn reflected weakness in virtually every phase of Wall Street's business. With merger mania dampened by high interest rates and fears of a political backlash against debt-laden megadeals, the value of announced corporate acquisitions fell to $76 billion in the first quarter of 1989, down 58% from the comparable period last year. At the same time, intense competition has driven down the commission on stock trades to as little as 4 cents a share, vs. about 8 cents...
...cost cutting seems destined to continue in a world so interconnected that a decision made in Bonn can lower prices on Wall Street. The West German central bank inadvertently slowed last week's stock-market rally, for example, by raising interest rates to keep German inflation in check. The move briefly touched off fresh fears of a worldwide round of rate hikes and slower growth. Meanwhile, competition from Japanese and European firms that have opened U.S. offices is helping depress Wall Street commissions. Wall Street is not alone in its distress, for such financial centers as London and Tokyo...
...might still be invoked in Kansas City, where his latter years were spent; and most students of American art history knew that he had been the teacher (and to no small extent, the substitute father) of Jackson Pollock at the Art Students League in New York City. But actual interest in the Michelangelo of Neosho, Mo., was fairly low, which mirrored the poor esteem into which American regionalism, the populist art movement that in the '30s had tried to assuage the miseries of the Depression, had slumped. From the late '40s onward, regionalism had come to look cornball...