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...week draftsman, Wright asked for a 125% raise within a few months and quit when he was refused. Sullivan quickly capitulated and was soon paying him $60 a week, a preposterous sum for the time. All his life, no matter how much he made (and borrowed: friends and patrons lent him thousands of dollars at a whack), Wright felt poor, thanks to an unhesitatingly indulged taste for swank -- chamois underwear, high-performance sports cars, whatever was gorgeous and rare...

Author: /time Magazine | Title: Master Of All He Surveyed | 10/5/1992 | See Source »

There was much optimism in Africa in the 1970s, in the first full decade or two after the granting of independence. Africa had its Golconda of commodities -- cocoa, coffee, copper and palm oil -- and their prices were high. Africans borrowed against those prices; the world happily lent. Unlike other countries now heavily indebted, African nations owe the bulk of their debt to First World governments, the International Monetary Fund and the World Bank rather than to commercial banks and other private creditors...

Author: /time Magazine | Title: Africa: the Scramble for Survival | 9/7/1992 | See Source »

...testimony last week before a subcommittee chaired by Senator John Kerry, a convicted former B.C.C.I. employee fingered Zayed as one of the phony stockholders in B.C.C.I.'s purchase of First American. The witness, Akbar Bilgrami, testified that he had personally read the loan agreements by which B.C.C.I. lent the money to Zayed to buy First American shares. If true, this means that Zayed violated the same banking laws that Adham and Mahfouz are charged with breaking...

Author: /time Magazine | Title: The Riyadh Connection | 8/10/1992 | See Source »

...century ivory- inlaid minbar, or high preacher's throne, from the Kutubiyya mosque in Marrakesh, were also deemed too fragile to travel. When the Spanish authorities refused to lend one of the spectacular amphora-type "Alhambra vases," with its luster glazes and formalized handles like angels' wings, another was lent by the State Hermitage Museum in St. Petersburg. But even in its truncated form, "Al-Andalus" is not an exhibition to miss...

Author: /time Magazine | Title: Art: When Spain Was Islamic | 7/20/1992 | See Source »

...times, when Henrik's dour spirit takes control of the narrative, Intentions threatens to become a mope opera. The film also lacks the intensity that the Swedish master lent his own projects; this is Bergman without Bergman. But it is also Bergman plus August. Like Fanny and Alexander, this film is both worshipful and critical of its heroes. Like Pelle, it sprawls on a canvas of long-ago wealth and want, love and anxiety...

Author: /time Magazine | Title: August Sonata | 7/13/1992 | See Source »

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