Word: times
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Dates: during 1980-1989
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...hero. "Bondy," as his country called him, was the prime mover in the syndicate that funded the design, construction and testing of Australia II, the 12-meter sloop with the controversial winged keel that swept to victory over the U.S. defender off Newport in 1983, leaving, for the first time in yachting history, an empty plinth in the New York Yacht Club where the America's Cup used to stand...
Irises, it seemed at the time, was the picture that saved the art market after Black Monday -- Oct. 19, 1987 -- when Wall Street plunged 508 points. Actually, the market was running quite high between the crash and the sale of Irises, but the painting was greeted as a talisman. Bond beefed up the security arrangements on the top floor of his headquarters in Perth to fortress strength and unveiled his acquisition -- the only Van Gogh in Australia -- to the press. "This isn't just a great painting!" he exulted to the cameras. "It's the greatest painting in the world...
Banking sources in Australia say Bond only regained title to this Manet in the nick of time. He had bought it at Christie's in 1983 for $3.96 million and transferred ownership to the Sydney branch of Chemical Bank. Chemical then leased it back to Bond. Why this maneuver? Because, says a bank source who analyzed the lease after it was issued, Bond had found a tax loophole. Under Australian tax law, you could lease any asset -- say, a tractor -- from its owner and get a tax deduction for all payments of principal and interest, as long...
...escaped death last week as a Georgia tornado flattened his mobile broadcasting van. Casey's tape of the tornado was dynamite. Alerted that evening by WSB that the story was being transmitted by satellite, ABC News decided to use the gripping footage as its lead on Nightline. By the time it did, however, thousands of viewers had already seen Casey's emotional report on Cable News Network, an ABC rival...
...same time, technology is breaking down the links that join networks to their affiliates, and is blurring the lines that distinguish big stations from small ones, and network affiliates from the country's 400 independent stations. The main culprit: satellites. By providing a relatively inexpensive electronic highway over which video signals can be transmitted, satellites have created a new industry of program suppliers that can offer local stations a broad variety of material once available only from the networks...