Word: market
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Dates: during 1970-1979
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...been for 100 years. The men meet at the Coon Hunters Club to swap stories. The women spend a good deal of time making quilts. They also keep the Methodist church as near as in the days when they had their own preacher. APCO is offering "a fair market value" for the land, which means up to $3,000 an acre for cleared fields, $500 for woodland. Townspeople know they cannot find the equivalent near by at that price, because the Gap lies on the edge of richer and more costly terrain. But more than that, they fear the loss...
...principal cause of the stealing is the booming art market, which by some estimates totaled a robust $5 billion in the U.S. last year. Increasingly, people are buying art works as hedges against inflation and a weakening dollar. Art prices have risen to levels that even the least cultured brigand can appreciate. Says FBI Art Thefts Investigator Thomas McShane: "Thieves read about these prices and they realize they can cut themselves in on some very valuable booty...
...rich connoisseur who buys stolen masterworks. He does not exist." The works are sold to frequently unsuspecting collectors in the U.S. and abroad through dealers who care more about turning a quick profit than about checking on an object's pedigree. Says Volpe: "Everyone in the art market is buying questionable pieces. Most people ask more questions when they buy an automobile...
...electrical power, and shortages of everything from margarine to light bulbs. Even traditional Turkish coffee is in short supply; replacements are tea and Nescafe. At a recent session of parliament, a fistfight broke out on the floor after an opposition deputy complained that "the streets are full of black market cigarettes"−to which the Customs Minister snapped back, "You probably have some in your pockets...
...hopes. Callaghan's clumsy handling of the unions' disruptive winter offensive has dissipated the firm lead his party had run up over the Conservative opposition by the end of last year. A poll released last week by London's well-regarded Market and Opinion Research Institute showed that the Tories had leaped ahead of Labor by an impressive 55% to 36% and that for the first time ever Conservative Leader Margaret Thatcher had surpassed Callaghan in personal popularity...