Word: slopes
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Born in New York to parents of Greek origin, Hadzi led a double childhood, attending two schools a day First there was regular public school in Brooklyn's Park Slope area. Afterwards, from four to six in the afternoon, while most boys were playing stickball, Hadzi attended a special Greek school. This triggered his imagination, he says. As a result, while his work is clearly grounded in American Abstract Expressionism. Hadzi's concerns have been classical. A romantic and a traditionalist, he has devoted most of in career to mastering the ancient technique of bronze cast...
...Ever since I was in film school in the '60s, I've been on a train. Back then I was pushing a 147-car train up a very steep slope-push, push, push. I pushed it all the way up, and when Star Wars came along in 1977,1 reached the top. I jumped on board, and then it started going down the other side of the hill. I've had the brakes on ever since. My life since Star Wars has been spent pulling back on all these levers, trying to stop the train from going...
...slides with a slippery slope: some ten miles away, another soggy mountainside began to roll downhill, threatening to divert a river through the town of Payson (pop. 5,000) before it firmed up. In Northern California earlier this month, a mud slide in the Sierras buried a 1,000-ft. stretch of Highway 50 between Sacramento and South Lake Tahoe under 60,000 cu. yds. of mud, rocks and debris. Highway crews, unable to remove the rubble, are now paving over the roadblock, which runs 30 to 40 ft. high in some spots. Mail in the area is temporarily being...
...that Arco can afford its strategy is by finding ways to make federal laws work in its favor. Much of its oil comes from Alaska's North Slope. In shipping the oil to ports on the West and Gulf coasts, it utilizes an obscure Internal Revenue Service ruling that classifies the part of the voyage outside U.S. coastal waters as foreign economic activity. Thus the shipping cost can be charged off against foreign income, and certain overseas tax credits are allowed...
Critics charge Arco with imaginative bookkeeping. North Slope oil carries a federal windfall tax averaging about 68%. State charges add another 23%, for a total of 91%. If a company can juggle its books to transfer profits from its drilling operations to other areas, it can reduce the amount that is exposed to the high tax rate and pay the corporate rate, no more than 46%, instead. Critics contend that Arco does this by inflating its transportation costs. The company charges itself a high freight rate of about $4 per bbl. on oil it ships in its own tankers...