Word: merchanted
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...apiece. Cunard lost $3.5 million in revenues from the Mediterranean cruise it was forced to cancel but, like the other ship owners, expects to be fully compensated for whatever losses it incurs. Says an aide to Prime Minister Margaret Thatcher: "This has been very good for the merchant navy. They haven't had it so good for years...
...whole British maritime operation has been handled with remarkable speed and efficiency, but the British point out that they were lucky. They benefited from a contingency plan, formulated in 1978 by the North Atlantic Treaty Organization, for the speedy commandeering of 300 specific merchant ships from member nations in time of emergency. The British were even luckier that a substantial portion of the Royal Navy was participating in NATO exercises off Gibraltar at the time of the Argentine invasion of the Falklands. This meant that a number of vessels, almost certainly including a nuclear submarine, were stocked, manned and ready...
...treat De Chirico solely as a dream-merchant precursor of surrealism does his early work a grave injustice. In his organization of the show, William Rubin contends that De Chirico survives as a painter within a specifically modernist framework, whose standards were generated in the 30 years before 1914 in Paris. That was "the city par excellence of art and the intellect," as De Chirico wrote, where "any man worthy of the name of artist must exact the recognition of his merit." Paris took young De Chirico, as it took young Chagall, and turned him from a naive provincial fabulist...
...Jaruzelski regime, meanwhile, continued to move against its opponents through its harsh system of military and civil justice. In the longest prison sentence handed out for a martial law violation so far, Ewa Kubasiewicz was given ten years in jail for organizing a strike at a Gdansk merchant marine college where she was a student. A Katowice court gave jail terms of three to four years to four alleged organizers of a strike at the Wujek coal mine, where at least seven civilians were killed in clashes with police on Dec. 16. The provincial prosecutor in Gdansk said that Solidarity...
...Francis Cabot Lowell, a Boston merchant, created the first modern textile factory to combine yarn spinning and cloth weaving under one roof. He traveled to Britain to study established operations, took on some partners and raised $400,000 in venture capital from family and friends. Lowell then sold his cloth through a few large wholesale outlets in New England. He added to his profits by selling copies of the machines he developed to make the cloth. By 1817 his business had annual sales of more than $34,000, and Lowell paid his investors a dividend...