Word: shorted
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Dates: during 1970-1979
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Daley is at least partly to blame for the crisis. He had a habit of agreeing to generous labor settlements for teachers without knowing how he was going to pay for them. To some extent, he mortgaged the future of the schools to buy short-term labor peace. But he also had the muscle to keep the city going by prying additional aid out of the state legislature. Byrne will have to relearn some of Daley's lessons if the city that works is going to start working again...
Perceptions often mean more, in the short run, than the hard facts of power. Judgments of another man's resolve can figure more than aircraft carriers. Terrorist tactics can mock stockpiled nukes. From Harvard to Georgetown to the White House situation room, the scholars and strategists see emerging from the peculiarities of the Iranian situation a new and as yet unclear dimension to the world struggle. It derives partly from the fact that the U.S. has a military equal in the world. Washington can no longer fall back on an overwhelming power margin as the ultimate persuader...
...lyric short stories and novels, Singer's prose is suffused with drama. In the theater, his work becomes prosaic. The notion of a girl deceived by a man who does not change his costume or his appearance demands a magic that neither the manic cast nor Director Stephen Kanee can sustain. For this tenuous fantasy, an entertainment tax is difficult enough. A credulity tax is insupportable. - Stefan Kanfer
Many other factors have combined to pump up the proceeds. First-rate works of art are in short supply, and becoming ever more scarce, as the auction catalogues-if not the sales figures-sadly reflect. The prizes go mostly these days to citizens of nations that do not extract excessive taxes from the wealthy: Switzerland, France, West Germany, Japan and the Arab countries. Americans remain very much in the market, however, thanks in part to U.S. tax laws that permit a collector to deduct contributions from his taxable estate if he has willed his treasures to a museum. The museums...
...John, the sage of Ossining, but she alludes regularly and playfully to his imposing presence. When her heroine, Salley Gardens (nee Potter), gets married, one of the wedding guests is J.C. Salley's father, a Columbia University professor, commits an unacknowledged theft from a Cheever short story when commenting on his older brother: "What can you do with a man like that?" Even an apparently innocent comment by Salley carries, given the name of the author, some ironic freight: "Graceful prose was never my father's strong suit...