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Thwarted in his desire to unload this philanthropic instinct on the art world, he spent a few years as a Wall Street commodities trader. But even as he languished in exile, the art market changed. By 1986, it was full of new collectors ready to believe that practically anything could be the Wave of the Future. The Hoovers were hoovered up. Then came some aquarium tanks in which basketballs floated, weighed down by a solution of Epsom salts and water to neutralize their buoyancy. These rather banal objects still strike Koons' fans as veritable icons of mystery and memory. "They...

Author: /time Magazine | Title: The Princeling Of Kitsch | 2/8/1993 | See Source »

...factory equipment. He winced when he paid $38,000 for a small Datsun, but says the steep price was worthwhile because it helped the government prevent traffic jams by limiting car ownership. "Overall," he says, "life in Singapore is pretty good." Sultan Ahamed, an ethnic Indian Muslim spice trader with strong family links to his strife-torn homeland, speaks for many Singaporeans when he declares, "What shall I say? This is a paradise...

Author: /time Magazine | Title: Is Singapore a Model for the West? | 1/18/1993 | See Source »

...Buchanan, rest easy--George Bush is no internationalist, nor is he a free trader. As we have discovered so often during the past four years, where Bush stands has nothing to do with where his policies...

Author: By Jacques E.C. Hymans, | Title: Freely Trading His Principles | 10/28/1992 | See Source »

...American president--a self-proclaimed free trader, no less--to come to the GATT and propose quotas and managed trade marks a mortal blow to the free trade ideal. It is a signal that in the post-Cold War world, trading blocs and mutual hostilities will replace open borders and open hearts...

Author: By Jacques E.C. Hymans, | Title: Freely Trading His Principles | 10/28/1992 | See Source »

Tattle when you're a third-grader, and you'll get a stern parental reprimand. Tattle when you're an imprisoned junk-bond trader, and you'll get time off. That's the lesson celebrity financier and felon Michael Milken was taught by Federal Judge Kimba Wood, who reduced his prison sentence by one year for cooperatively testifying against former colleagues. For the past 17 months, Milken has been a model inmate at a minimum-security California prison. He can expect to return home to his family next March...

Author: /time Magazine | Title: Good Boy, Mr. Milken | 8/17/1992 | See Source »

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