Word: short
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Dates: during 1970-1979
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Kenneth J. Arrow, Conan University professor and a Nobel prize winning economist, said in a letter last month that the Corporation's estimates of both the long and short term costs of divestiture are too high, although "there is necessarily a wide degree of uncertainty about predicting effects of any stock market transactions...
...China really on the beach now, out of range of the cosmopolitan tide? What do they signify, those few Chinese devotees of the Western stage? The Cultural Revolution snuffed them out, after their short and lonely life....But in their insignificance, their restriction to the periphery of the Chinese world, is their significance. The loneliness of these dramatists in China is like China's in the world at large, a China sitting solitary, her ties back to the Chinese past attenuated, her bridges across to the alien present barred...The provincialism of the culture of the Cultural Revolution...
...city needed loans because of a practice, begun by Mayor Robert F. Wagner Jr. in May 1965 of borrowing short-term notes, payable within one year, to fill budget deficits. As if that was not bad enough, Wagner's collateral for the loans was Bond Anticipation Notes (statements of what the mayor expected to collect in taxes) based on the mayor's own estimate of the next year's revenues, rather than on last year's revenues. The effect of this practice, continued under subsequent administrations, allowed mayors to anticipate much more revenue than they knew the city would receive...
Auletta writes in short, clear and unembellished, journalistic prose--a blessing in the long, complicated sections about city finance, but often tiresome in more analytic passages. Almost every paragraph begins with a short, declarative sentence, a basically sound idea, but one which suffers from great overuse. More careful editing and proofreading--the book is riddled with typos--would have helped enormously...
...Western democracy, and to many of us there was not a hell of a difference in scale. John Kifner, in his often cruel and amazingly obtuse obituary in the New York Times, wrote. "Sid Vicious played electric bass and vomited," as if that epigraph could contain his short life. It was more, Mr. Kifner, much more than that...