Word: seriousness
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Dates: during 1980-1989
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...frenzied bidding has gone so high that many serious collectors and museums on tight budgets are being priced out of the market. But no ceiling is in sight. Says Richard Feigen, a Manhattan art dealer: "Investors have converted art into a financial instrument. The process isn't going to change...
Baker and Treasury Secretary Nicholas Brady nonetheless wanted Bush to name a top deputy whose management skills would signal that the new Administration & is serious about budget cutting. Not many candidates wanted to play second fiddle. Norman Augustine, chief executive officer of Martin Marietta, and Paul O'Neill, CEO of Alcoa, turned down the deputy's job. Republican Senator Pete Wilson of California began whooping it up for Rand Corp. president Donald Rice, whose many qualifications include the fact that he is a close friend and golfing partner of the most influential defense expert in Congress, Democrat Sam Nunn. Rice...
...mansions. Its owner and chief executive, the boyish Geffen, 45, often dresses for work in blue denim, wears a two-day beard and avoids any restaurant that requires a tie. Yet in an industry dominated by such giants as MCA and Gulf & Western, the Geffen Co. has become a serious contender, a factory of hits. Started in 1981 with just three employees, it pulled in $26 million in profits during 1987 and is expected to top $40 million this year...
...reason the Kremlin boss keeps boarding his customized Aeroflot Ilyushin Il-62 and winging off to foreign parts is that he has serious, apparently growing troubles at home. In recent weeks there have been bloody riots in the Caucasus and protests along the Baltic. At a special session of the Supreme Soviet, a few deputies to the traditionally rubber-stamp parliament took glasnost and democratization seriously enough to vote against some of Gorbachev's reforms. These difficulties give Gorbachev two reasons to keep hitting the diplomatic high road: he must reduce international tensions if he / is to devote more resources...
...Secretary of State George Shultz and Cuba's Fidel Castro, Salinas tried to spell out his vision for modernizing and uniting Mexico. Said he: "There won't be miracles. But I assure you there is hope." Some of Salinas' early actions, though, are leading skeptics to wonder how serious he is about restoring faith in the country's discredited government: a fifth of his Cabinet are holdovers from the outgoing administration...