Word: outflows
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Dates: during 1980-1989
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...fact, each concession by Krenz seems to have created a fresh threat to his political survival. The opening of the borders to the West, for example, permitted a torrential outflow of East German marks, carried out by citizens who at last could use them, even at absurdly low rates, to buy something -- in the West. Fretted Prime Minister Modrow: "East Germany must not become a nation of speculators." The government's bewilderment underlined the problems encountered by a Communist leadership, albeit a reform-minded one, in coming face to face with the complexities of capitalism. Within a matter of days...
...yucky little Renoirs and third-string Ecole de Paris painters like Moise Kisling, whom nobody wanted a few years ago; one Japanese collector is the proud owner of a thousand paintings by Bernard Buffet. But the Japanese started going after bigger game about five years ago, and already the outflow is immense. Contemporary art has become, quite simply, currency. The market burns off all nuances of meaning, and has begun to function like computer-driven investment on Wall Street. Sotheby's and Christie's between them sold $204 million worth of contemporary art the week before last. Of this, American...
...indicates a radically transformed market structure. In art as in other markets at the end of Reagan's economic follies, America sinks and Japan rises. In this context it is fatuous to utter bromides about art's being the Common Property of Mankind. Americans now begin to view the outflow of their own art with bemused alarm -- just as Italians and Englishmen, at the turn of the century, watched the Titians, Sassettas and Turners, pried loose from palazzo and stately home by the teamwork of Bernard Berenson and Joseph Duveen, disappearing into American museums. "The Japanese are awash in money...
...Wall, of course, was built in August 1961 for the very purpose of stanching an earlier exodus of historic dimensions, and for more than a generation it performed the task with brutal efficiency. Opening it up would have seemed the least likely way to stem the current outflow. But Krenz and his aides were apparently gambling that if East Germans lost the feeling of being walled in, and could get out once in a while to visit friends and relatives in the West or simply look around, they would feel less pressure to flee the first chance they got. Beyond...
Assessments of the school aside, there are those at Harvard who would argue that by perenially placing its high-powered politicos in Washington--no matter what their party affiliation--the University must confront an almost-continual outflow of some of its most prominent scholars...