Word: lorenzo
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Dates: during 1980-1989
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When the saber-toothed chieftains of American capitalism wanted models of political or cultural patronage, it was to Lorenzo de' Medici, prototype of city bosses, that they turned. Siena seemed less Promethean, less inventive. Its great moment in painting, by common consent, had come in the late 13th and 14th centuries, with the work of Duccio, Simone Martini and the Lorenzetti brothers. Then social and economic catastrophe struck in 1348, when the Black Death wiped out more than half its population. While it is true that Sienese painting and sculpture for the next 150 years did not have the extraordinary...
...Sundays along beautiful Mulholland Drive in Los Angeles, it is not unusual to spot, among the lesser folk and the Hell's Angels, such celebrated motorcycle devotees as Sylvester Stallone, Lorenzo Lamas, Mickey Rourke and Gary Busey. Few wear helmets, since California is one of 28 states that do not require them for adults. Last week fate dealt Busey, 44, a blow that tragically called into question his vocal opposition to mandatory-helmet laws and renewed debate on the issue...
Never one to pass up a good thing, billionaire developer Donald Trump entered the airline business last week. He bought the shuttle from Frank Lorenzo, who owns Texas Air, which owns Eastern, for roughly $365 million in cash. For that Trump gets a fleet of 17 Boeing 727s, landing facilities in Boston, New York City and Washington, and the right to stencil his already ; household name on the tail of an Establishment institution. And never one to leave well enough alone, Trump vowed to run it as a "diamond," with immaculate planes swooping in and out on time, providing...
...offering coffee, rubbery bagels, seat phones and boat service connecting a swank art deco terminal to Wall Street. This prompted Eastern to counter with some apple juice of its own. Though Eastern's market share dropped from roughly 80% to 58%, it remained the most profitable segment of Lorenzo's airline empire...
...also in a good position to boost northeast-corridor profits even further. Shuttle prices have been going up, from $69 in 1985 to $99 today, while fuel costs are going down. As the cash purchase demonstrated, Trump has the capital to expand and improve service in ways that Lorenzo could not. He is also likely to be spared the crippling labor disputes that have dogged Lorenzo and prior owners for the past ten years. Lorenzo has been wrestling with his unions in an effort to cut costs, and the infusion of cash is likely to strengthen his hand...