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...result was a dragged-out battle between the auctioneers and consumer affairs. The auctioneers won that round, but Aponte is getting set for another. Stiffer rules are pending, including those governing loans. The current consumer affairs code says that "if an auctioneer makes loans or advances money to consignors and/or prospective purchasers, this fact must be conspicuously disclosed in the auctioneer's catalog." But did this mean that Sotheby's put a note in the catalog of its November 1987 sale saying it had given one Alan Bond a loan of half the hammer price, repayment terms to be negotiated...

Author: /time Magazine | Title: Sold! The Art Market: Goes Crazy | 11/27/1989 | See Source »

...stake in the battle in Colombia, it cannot do much besides send materiel and cheer for Barco. Washington's antidrug policy is moving away from interdiction of supply to cutting down demand at home. Bush's program will propose shifting funds to expanded drug-education and -treatment programs, and stiffer penalties for casual users. Such an emphasis on curtailing the U.S. appetite for cocaine and other drugs is fine by the Colombians. As President Barco told TIME, "Every time a North American youngster pays for his vice in the streets of New York, Miami or Chicago, he becomes a link...

Author: /time Magazine | Title: Going Too Far | 9/4/1989 | See Source »

...plan is part of a broader Andean initiative that would expand economic and military aid not only to Peru -- source of more than half of the world's coca -- but also to Bolivia and Colombia. That initiative, in turn, is part of an overall antidrug plan that calls for stiffer penalties against casual users, such as loss of a driver's license or of federal student loans. Already the plan is raising questions in Congress and even parts of the Administration. As the battle against drugs escalates, so will the complicating side effects, particularly in U.S. foreign policy...

Author: /time Magazine | Title: Attacking The Source | 8/28/1989 | See Source »

...buyers. The unease crested last December, when condominium units developed in Vancouver by Li were snapped up in Hong Kong within 2 1/2 hours of the offering -- before they were even put up for sale in Canada. Says Susan Alexander, a member of a local group that is demanding stiffer government controls on foreign real estate buyers: "Our housing is being treated like a commodity on the stock exchange." Alexander is being evicted from a three-story, 20-unit apartment complex that will be replaced by a twelve-story, twelve-unit luxury condominium development...

Author: /time Magazine | Title: Canada Prosperity and Parochialism | 5/22/1989 | See Source »

...their qualms, environmentalists concede that Bush has taken several commendable steps. Among them: proposing new regulations on medical-waste disposal, requesting stiffer penalties for ocean dumpers, calling for a moratorium on offshore oil drilling in Florida and California, and helping persuade Japan not to finance construction of a Brazilian road that would encourage continued deforestation of the Amazon region...

Author: /time Magazine | Title: Environment: Fishing For Leadership | 5/22/1989 | See Source »

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