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...judges respond to the reality of the story; in other cases, they respond to really great writing." The winner of the July grand prize, as well as of category prizes in both July and October, was a letter carrier from Portland, Ore., named Murr Brewster, whose folksy commentary on low-rise jeans and other fashion trends won in "Style+Beauty+Body." (An excerpt: "rolling cumulonimbus mounds of flesh were thundering out of pants all over town. Everywhere I looked, girls were celebrating physiques of the sort that once ignited the muumuu industry.") The announcement of her October win coincided with...
Then there's Wall Street. Comcast stock, priced not long ago at $18.35, is trading around 10-year lows. Until recently, some shareholders like Glenn Greenberg, whose Chieftain Capital Management owns 1.5% of the stock, had loudly argued that the company was underperforming. Their major concerns: Comcast was paying too much for acquisitions. Return on assets was way too low. And Brian Roberts wasn't hard-nosed enough...
...lack of enthusiasm was not reflected in the auction rooms, which were well attended over the weekend with collectors from throughout the region, including Singapore, China and Indonesia. But Zhao Wuji's "7 Aout 2000" sold for $543,156 - over $44,000 short of Sotheby's low-end estimate of $587,500 - and several pieces, including paintings by star contemporary Chinese artists Zhang Xiaogang and Yue Minjun, went unsold at the modern and contemporary Asian art sale on Oct. 4. Many say the unimpressive results were a combination of already overinflated price estimates and the dismal economy. "Particularly with...
...That's not good news for Sotheby's. Following the poor sales, the auction house's shares fell 14% on Oct. 6, hitting a three-year low. (Sotheby's was not available for comment.) Nor does it bode well for the regional art market: the Hong Kong auction was its first gauge after the worldwide financial crisis hit last month. "Due to uncertainty in the markets, investors are making selective choices as to where to spend their money," says Shirley Ben Bashat, director of the Opera Gallery Hong Kong...
...lifeline?" former Home Secretary David Blunkett wondered aloud at a drinks reception on London's South Bank, as across the river Treasury officials sweated over the final details of the bank rescue. "Labour is still on the ropes. It just looks different," he concluded. With confidence levels running so low even among Labour grandees, it's not going to be easy to restore confidence in the dealing rooms of the City, or among Britons facing a wrenching change in fortunes...