Extension of a New York controversy

Article Abstract:

A 10-storey extension to the Guggenheim Museum in New York, designed by Frank Lloyd Wright, opened in June 1992. The controversial building is like the inverted shell of a snail. James Johnson Sweeney, curator in 1959, made functional alterations to the gallery which have been corrected at the same time as the extension was added. Gwathmey Siegel and Associates designed a slim limestone wing adjacent to the spiral building. Tom Krens, museum director, commissioned a sculpture to suit the Guggenheim. Dan Flavin's pink neon tower relates to the building.

Evaluation, Appreciation, New York, New York, Museums, Art museums, Works, Wright, Frank Lloyd, Solomon R. Guggenheim Museum, New York, New York, Art museum architecture

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Start spreading the news ... Rupert's back in New York

Article Abstract:

Rupert Murdoch, 62, bought the New York Post in Mar 1993 to save it from folding. He owned it in 1977 but had to sell in 1988 because of laws about owning several television stations and newspapers. He loves New York and prefers working there to Fleet Street, England, or his homeland, Australia. The paper owes known creditors $8 million (5.3 million pounds sterling) and it will cost $10 million a year to run at current losses. He has appointed Ken Chandler as editor.

Management, Periodicals, Murdoch, Rupert, New York Post (Newspaper)

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First we buy New York, then Hawaii, then ... we go bust

Article Abstract:

American Christopher Roberts was employed by a Japanese bank mergers and acquisitions department to find American property for Japanese buyers in the 1980's. Prices began to increase and the Japanese invested carelessly. At the end of 1990 Roberts was asked to use valuation techniques to calculate the value of real-estate assets. This showed that many clients were insolvent. The bank forced clients who could not pay their debts to sell assets at a loss.

Banking industry, Japan

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