Word: marketeers
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Dates: during 1980-1989
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Opponents of Proposition 1-2-3 argue that it would remove rent-controlled units from the market and encourage landlords to rent to wealthier tenants. "1-2-3 has the possibility of a dramatic and immediate impact on who can afford to live in the city," said Reeves...
...Government's objective in liquidating such real estate will be to get nearly full market value, not only to reduce the eventual cost of the S & L bailout to taxpayers but also to avoid undercutting the going rates in the marketplace. Yet the Federal Savings and Loan Insurance Corporation, which currently holds most of the repossessed property and will be combined with the FDIC under the Bush plan, has seldom shown a talent for getting top dollar. In Guerneville, Calif., a small town north of San Francisco, the FSLIC took over a condominium project with more than 20 units...
...nostalgia and a market boom bring most things back eventually. In 1983 the Whitney Museum of American Art revived Benton's old co-regionalist, Grant Wood, with a retrospective. Six years later, it is Benton's turn, with a show of some 90 works at the Nelson-Atkins Museum of Art in Kansas City. Curated by the museum's Henry Adams, who wrote the well-researched and highly readable accompanying biography, Thomas Hart Benton: An American Original, it will run until June 18, then travel to Detroit, New York and Los Angeles through July...
...federal regulators liquidate everything from condominiums to gravel pits, they must move carefully to avoid triggering a plunge in property values. -- Despite a rising Dow, Wall Street faces more layoffs and falling profits. -- Control Data pulls out of the supercomputer market, leaving Cray Research as the sole U.S. firm to compete against rival Japanese manufacturers...
Sotheby's removed the tusks from the market by buying them from the unidentified owner, and will donate them to a museum. "We will never again sell elephant tusks," said Michael Ainslie, president of Sotheby's. "We would hope it sets an example." Environmental groups hope so as well. The U.S. imports about $30 million worth of ivory annually. Much of it is illegally harvested in a slaughter that each year wipes out nearly 100,000 of Africa's elephants, reducing their current numbers to as few as 600,000. To cut demand, the African Wildlife Foundation, a Washington-based...