Word: valorization
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SOCIAL SPENDING. Last year cuts in jobs and public housing programs set off wails of protest from both labor and liberals. The President this year decided that political wisdom was better than fiscal valor. No major social programs were reduced and several were increased. Federal funds for subsidized housing grew from $26.7 billion to $31.9 billion, and an additional $2 billion to combat youth unemployment was also proposed. Said one happy Housing and Urban Development official: "We did well, and I think that's what everyone is going to be saying...
...bank decided that discretion was the better part of valor. After a frightened teller in another New York City bank was killed last week, apparently for failing to act fast enough, Manhattan's Banco de Ponce posted a sign near the tellers' booths: "Attention would-be bank robbers. This is a Spanish-speaking bank. If you intend to rob us, please be patient for we might need an interpreter. Thank you, the Management...
During World War II, the rocky little (122 sq. mi.) island became known as "the unsinkable aircraft carrier" of the Mediterranean. After one siege of Axis bombing raids, Britain bestowed the George Cross-its highest civilian award for valor-on the entire island. Last week Malta formally ended its participation in the defense of the West. At Malta's Grand Harbor, British and Maltese officials unveiled a monument symbolically depicting the departure of British forces. Next day Britain's last military commander on the island, Rear Admiral Oswald Cecil, boarded the guided-missile destroyer H.M.S. London...
...gets past the ABCs in any category. Edward James Olmos is electrifying as the embodiment of the mythic hero known as El Pachuco, but the script short-circuits him, and he is reduced to cynic snarls and stylized struts. Daniel Valdez is winning as a gang leader with unstained valor. He is stalemated in a TV-style love triangle between his loyal Chicano girlfriend (Rose Portillo) and a Jewish minority-rights defender (Karen Hensel) of inflammable zeal...
Coriolanus is Shakespeare's prickliest hero. We first see him berating the Roman plebeians as scum simply because they want some bread for their empty bellies. Next we marvel at the man's un matched valor as he bests the Volscians, sometimes in singlehanded combat. The man of flinty aristocratic pride storms into view when he is honored with the rank of Roman consul, only to be banished when he reviles the tribunes of the commoners instead of currying their favor with mock humility and an ostentatious public display of his battle scars. When he turns against Rome...