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Meanwhile there was the Rose, with its collection of more than 7,100 objects, including works by major American artists like Jasper Johns, Willem de Kooning, Roy Lichtenstein and Andy Warhol. In 2007 the collection was assessed by the auction house Christie's to be worth around $350 million. The downturn in the art market since last fall makes its value today anybody's guess, but it would still command a sizable sum. Brandeis trustees insist that if they can't raise money by selling art, they will have to reduce staff by 30% - there were already cuts last year...
...potential future donors - assuming that Brandeis sees a place in its future at all for displaying art. Marlene Persky, who chairs the collections committee of the Rose, had been planning to give the school a work by Vik Muniz, an artist who is represented in the collections of most major American museums. Not anymore. "The things in my collection are objects I've loved and lived with," she says. "If I'm donating them to a museum, I expect that to be a place that I trust, where the objects will be treated with the care I give them...
During the past few months, the crisis in journalism has reached meltdown proportions. It is now possible to contemplate a time when some major cities will no longer have a newspaper and when magazines and network-news operations will employ no more than a handful of reporters...
...many other thousands of entities, from banks to charities, that were burned in Madoff pension, feeder and subfeeder funds. In testimony yesterday before the House Financial Services Committee, Harry Markopolos, an early whistle-blower on Madoff's $50 billion Ponzi scam, said there were at least 14 known major feeder funds. (See pictures of the demise of Bernie Madoff...
Ultimately, Pelosi and Obama's relationship is in its early stages, and the first major trial of their marriage is yet to come. But it may come sooner than either would like. "The real test of the Obama-Pelosi relationship will be what Pelosi does if the Senate, as expected, trims the House fat and pumps up the honest stimulus part of the bill," says Larry Sabato, a political science professor at the University of Virginia. "It seems to me that Obama is very likely to embrace the Senate approach. Will Pelosi go along with Obama or join the House...