Word: watcher
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...upturn keeps getting pushed back. The Reagan Administration first predicted that recovery would begin shortly after the start of 1982, then in the spring. Now the prevailing opinion among forecasters, both in the Government and private business, is midyear, and there are loud dissents. Robert Farrell, the leading stock watcher for Merrill Lynch, biggest of all brokerage firms, asserts bluntly: "The consensus that has the economy up in midyear and up in 1983 is wrong." Many investors appear to share his apprehension. The Dow Jones industrial average dropped 17 points last week to 807, its lowest close in 22 months...
...good choice for the job. He is not one of those suspect postwar tycoons who have had their SS tattoos removed by a discreet plastic surgeon. He ran a liberal paper, has been a scholarly author (The Rhenish Farmhouse in the Nineteenth Century), and is a bird watcher and armchair environmentalist. So the profits and honors roll in, the guilty conscience thrives, and poor old Tolm gives up bicycle riding because he cannot go out without two carloads of guards and a surveillance helicopter...
...completed a successful run at Buffalo's Studio Arena Theater; and her latest, strongest play, The Wake of Jamey Foster, is charming theatergoers at the Hartford Stage Company. Crimes of the Heart will be filmed by Jonathan Demme (Melvin and Howard), and an original Henley screenplay, The Moon Watcher, is scheduled for production later this year. At 29, this soft-spoken sprite from Jackson has more hits percolating than Neil Simon put together...
...beings." Jon Jory, whose Actors Theater of Louisville first produced Crimes of the Heart, is pleased that "Beth writes people rather than plots. She's writing what she knows. She imbibed the Southern gothic sensibility with her mother's milk." Evelyn Purcell, who will direct The Moon Watcher, is a kindred spirit; her documentary film Rush, about student bodies at Ole Miss, is a cartographer's view of Henleyland. Says Purcell: "It's because she writes for herself that her plays come out so true. What we're seeing is her vision, pure and simple...
...acquiring a solid company that has been doing very well. Says he: "We're not buying a turnaround situation. We're buying a very successful operation." Frank Price, a former screenwriter who has headed Columbia's motion picture division since 1979, is a sharp-eyed budget watcher in an era when studios spend $10 million on average per film and must earn back nearly three times that much just to break even. Columbia's recent big moneymakers include Kramer vs. Kramer, The Blue Lagoon and Stir Crazy. Among the TV hits it distributes are Hart...