Word: rapid
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Many economists cautiously predict that rates will keep dropping on into 1983. Yet other experts, like Richard Zambell, chief economist of the BancOhio National Bank in Columbus, expect that the current rapid growth of the U.S. money supply (an annual rate of 14.8% in the past month) will force the Federal Reserve Board to tighten credit. Argues Zambell: "To prevent a return to double-digit inflation, the Fed will have to push interest rates sharply higher by year...
...canvas eight feet square cannot be done outdoors. Laden with a 70-lb. pack of easel, paints, canvas and gear, Welliver trudges out in winter to find a scene and make an oil sketch. The large version is always a studio painting, and its fictions of spontaneity - of rapid-fire correspondence between the eye scanning a scene and the hand making its marks -take a month or more to achieve. But the paint looks direct and uncluttered; it seems to have been done alla prima, wet into wet, in a few hours. In fact, it is very considered painting. Welliver...
...gold curtain rises on Verdi's La Forza del Destino at the Metropolitan Opera this season, it does more than unveil the first act set: it also reveals a bright new star in rapid ascent. As Leonora, Soprano Leona Mitchell, 34, sings with smoldering intensity. Each performance mingles sweet lyricism with raw-edged emotion that brings audiences to their feet, shouting bravas and tossing bouquets. From a dutiful but passionate daughter to the pathetic, penitent recluse at the end of the opera, Mitchell recalls Leontyne Price in the quality and dramatic power of her performance...
Along with the rapid proliferation of factory outlets has come a spate of briskly selling guidebooks. These are designed to help budget-minded families and singles find the best bargains in their part of the country. In Maine, the government publicity bureau has, since spring, printed 10,000 copies of a guide to factory outlets in 50 cities and towns. "Traditional retailers have not positioned themselves in today's market, and they no longer know who their customers are," says Annie Moldafsky, an Illinois-based author of the Good Buy book, a consumer guide to factory outlets. "The manufacturers...
...many years in this country, local governments have asserted their right to erect zoning laws to shield residential areas from the effects of rapid large-scale development. While the area in question has always been used for some type of industry, there is no question that whatever MIT builds on the site, and whatever is built in additional areas of Cambridgeport's industrial district will critically affect those living in the neighborhood...