Word: oz.
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...once, the hackneyed billing of a fight-"The Pride and the Glory"-fit like 8-oz. gloves. Gerry Cooney turned out to be the pride, Larry Holmes the glory. In fact, Holmes was both; he was everything. Elegant when the fight was not, eloquent when nothing needed to be said, except maybe one thing. "I'm very sorry that I'm not what you expect," said Holmes after it was over. "I'm sorry that I'm not Muhammad Ali... that I'm not Joe Louis." He even apologized for not being Leon Spinks...
...spoil one of the film's pleasures, its gratification of the child's delight in wondering "What comes next, Daddy?" It is enough to say that E.T. stands securely in the company of some classic children's stories, from Peter Pan to The Wonderful Wizard of Oz. With the crucial help of Screenwriter Melissa Mathison, who was present every day on the set, Spielberg has infused comic and dramatic tension into a story in which, one comes to realize, there are no villains. Everyone is nice, and the conflict comes from a taffy pull between good...
...inflationary panic. With prices rising at an annual rate of more than 17% in the first quarter of 1980, there was a rush to spend cash and borrowed money to buy hard assets that might hold their value. In January 1980 gold hit an alltime high of $875 per oz. in New York, and silver sold for $50.35, also a record. Diamonds became an investor's best friend, price of a one-karat flawless stone headed toward $61,100. A handful of fine-arts fans applauded when Juliet and Her Nurse, a 19th century oil painting by British Artist...
Startling evidence of disinflation has already turned up in the marketplace. Gold and silver have been on a two-year slide and last week were selling for only $331 and $6.66 per oz., respectively. People who paid $61,100 for a one-karat investment diamond are finding that it is worth only about $18,000. Some forms of fine art, like Impressionist paintings and antique American furniture, have kept their value. Others have fallen in price: Old Master paintings now command 18% less than they did 20 months...
...Food and Drug Administration recall followed the death on Feb. 6 of Eric Malthay of Brussels. Malthay, 27, contracted botulism, a lethal form of food poisoning, after eating a 7¾-oz. can of Alaska salmon. Concern intensified in the U.S. after a 68-year-old Hartford, Conn., woman was hospitalized in critical condition on March 31. The Centers for Disease Control in Atlanta said last week that botulism was probably not the cause of the illness, but the hospital insisted that...