Word: terme
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Dates: during 1980-1989
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...lately spaced three summers apart, the dandruffy commodores of the New York Yacht Club (N.Y.Y.C.) kept polishing the silverware and admiring their own mugs. "It's a boat race," Red Smith used to like to write in the New York Herald Tribune, "in the horse-racing sense of the term." Meaning the result was pretty well arranged. If the rules were not rigged, they were at least geared for the defenders, whose original 1851 victory on the schooner America was dubious too.* When an appealing gang of Australians flew the Cup away on a winged keel three years...
...consumption merely by pouring more money into their economies. A portion of industrial capacity must be redirected from manufacturing products for export to satisfying local demands, and that takes time. Warned Board Member Guido Carli, former governor of the Bank of Italy: "I have doubts that in the short term it is possible to restructure the economies of countries like Germany and Italy, which for so many years have been export oriented...
ITALY. The Italian economy barreled along with a 4% growth rate last year. But that performance was partly the result of stimulative government spending that left a huge budget deficit amounting to 15% of gross national product. Carli warned that runaway spending was a serious threat to long-term growth. "How long," he asked, "can a country survive with public debt taking an ever expanding share of GNP?" Growth will slow to about 2.2% this year, he predicted...
...House Speaker's delivering the party's response to Ronald Reagan's State of the Union address. But Wright was eager for his moment in the limelight, and the result was a pleasant surprise for most of his colleagues. In many ways, the speech by the 17-term House veteran proved more effective than the slickly produced Democratic responses of past years that featured blow-dried young Senators and Congressmen...
This premature event looks like a real retrospective but is not one. It covers the past seven years of Salle's work and is -- to pinch a term from Jean Baudrillard, the French semiotician whose phrases are parroted everywhere in the art world today and recur like pious ejaculations in the exhibition catalog -- a "simulacrum." In days of yore, the aim of a museum retrospective used to be clear. It was to sum up a distinguished career, presenting the evidence of a long life's work. For a major museum to give a 34-year-old artist a retrospective would...