Word: traded
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Dates: during 1970-1979
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...weird minimal beauty in New York's great slabs that is best seen from afar," he says. "One of the finest scenes in the world is Lower Manhattan beheld from the Staten Island ferry in early morning, when even ghastly buildings like those of the World Trade Center look good." Hughes lives happily in a 2,300-sq.-ft. loft-his "plywood palazzo"-but, when pressed, he picks the man to design his dream house: New York's Richard Meier, whose work he analyzes in this week's story. And Hughes would have Cover Subject Philip Johnson...
COURTENAY SLATER, 45, is chief economist at the Commerce Department and one of the Administration's key economic tea-leaf readers. To determine where the economy is going, she pores over mountains of statistics that Commerce collects on trade, inflation, retail sales and other matters. As a student, Slater wanted to become a physicist, but was told by a professor that "women just did not go into physics." After graduating as a history major from Oberlin College and marrying (her husband is a program analyst for the National Science Foundation), Slater decided to enter a field that would lead...
Laredo is the hub of the trade. Poor Mexicans make many small purchases, but large amounts of goods are bought by the rich, a number of whom buzz into town in their Lear jets from as far away as Mexico City. Sometimes they are met at the airport by a 1939 Rolls-Royce belonging to Joe Brand, who owns three Laredo clothing stores. Other wealthy Mexicans fill empty suitcases with $195 suede handbags or $105 men's loafers from the Gucci boutique in the Frost Bros. department store. Says Gary Payne, general manager of the Laredo Chamber of Commerce...
Other issues covered included the new relations between the U.S. and China, the stalled Egyptian-Israeli peace talks, and world money and trade problems...
Although China is eager to increase trade with foreign nations the United States is, "in terms of trade and commercial exchanges, only one on a list, with France and Japan ahead of us," Patrick G. Maddox, director of external affairs for the Council on East Asian Studies, said yesterday...