Word: spree
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While the ornery weather may turn Die Hard 2 into the most expensive film Hollywood will release this summer, the episode was merely part of a runaway spending spree that has made movies more costly -- and risky -- than ever. With an eye toward lucrative video and foreign revenues, studios are lavishing breathtaking sums on everything from stars to scripts to scenery. Hollywood now spends an average of $23.5 million to produce a major movie, up 40% from 1985. (The Consumer Price Index rose just 14.5% over the same period.) "Studios just keep piling on the cost, thinking that they will...
...little children was a warning to our policymakers. But Congress lacked the courage to do anything. During the year of inaction on Capitol Hill, we have seen too many other tragedies brought about by assault weapons. In Louisville an ex-employee of a printing plant went on a shooting spree with a Chinese-made semiautomatic version of the AK- 47, gunning down 21 people, killing eight and himself. Two Colorado women were murdered and several others injured by a junkie using a stolen MAC-11 semiautomatic pistol. And Congress votes itself a pay raise...
...England, a decision taken by my parents when the secondary school I attended in Berlin, the Franzosische Gymnasium (traditionally under French influence and supposedly immune from anti-Jewish manifestations), forbade all "non-Aryan" boys and girls to join the annual school outing, a boating party on the river Spree. That had been too much for my mother, whose great pride and joy was that I, then a twelve-year-old, had indubitably earned the coveted privilege of entertaining cruise passengers on my concertina, or, as it was (for this occasion aptly) called, my Schifferklavier...
...orders, Seattle is attracting newcomers from across the country. The median price of a Seattle home rose 23% in the third quarter to $110,000, marking the largest increase in the U.S. By contrast, Phoenix is mired in a real estate depression in the wake of a heedless building spree. Lenders foreclosed on more than 15,000 residential mortgages last year, up nearly 20% from 1988. In the Rocky Mountain area the Denver economy is still struggling to recover from the energy slump...
Investors agreed. They flocked to place money with the brothers, who had earned a reputation for creativity and bareknuckle competitiveness in the genteel British ad market. The Saatchis went on a billion-dollar spree that sparked panic on then complacent Madison Avenue and helped fuel a merger frenzy as other agencies joined forces to stay in the game. Meanwhile the brothers bought and bought. Among the dozens of U.S. firms they scooped up were top names like Compton Communications (purchased in 1982 for $55 million), Dancer Fitzgerald Sample (1986, $75 million) and Backer & Spielvogel (1986, $100 million...