Word: australes
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...threat to the ozone was first discovered in 1983, when scientists with the British Antarctic Survey made the startling observation that concentrations of ozone in the stratosphere were dropping at a dramatic rate over Antarctica each austral spring, only to gradually become replenished by the end of November. At first they speculated that the phenomenon might be the result of increased sunspot activity or the unusual weather systems of the Antarctic. It is now widely accepted that winds are partly responsible, but scientists are increasingly convinced that there is a more disturbing factor at work. The culprit: a group...
...their agreements with the IMF, the Latin countries were struggling to reduce inflationary government spending and curb expensive imports. Even Argentina ($50 billion), which last year took a defiant stance toward its creditors, successfully froze wages and prices last summer and issued a new unit of currency, the austral, which is equal to 100 old pesos. As a result, Argentine consumer prices rose only 2% last month, compared with a 30% rise in June...
...core of Alfonsin's program is a new national currency. The 104-year-old Argentine peso is being replaced by the austral, which at the moment is worth 1,000 old pesos or $1.25. Since the currency bears the same name as one domestic airline, whose emblem is a penguin, the austral was immediately nicknamed the "pinguino," the Spanish word for penguin. To maintain the value of the austral, the government vowed that it will no longer simply print money to cover expenses. In addition, it proclaimed a freeze on all wages and on the prices of 31 food items...
...slash its 1,010% inflation rate to 150% by next spring. To help do that, the government of President Raul Alfonsin agreed to cut public spending by 12%, to hold wage hikes to only 90% of inflation and to set up a new unit of currency called the austral that will be worth 1,000 old pesos. Such measures could increase social unrest, but Alfonsin seems determined to see them through. Said he on nationwide television: "The new plan is not being imposed to save a government. It is to save a political system. It is to save...
...infinitely compelling, and remains so today: practically no Western sculpture in the 20th century has the sheer iconic majesty of the wooden goddess from the Caroline Islands lent to MOMA from Auckland, New Zealand, or the creepy terribilita of the British Museum's figure of the Austral Islands' god A'a, one of Pi casso's favorites. The main value of primitive art to modernism was not formal but quasi-magical. It gave the artist what academism could not: shamanistic power, a sense of the numinous. Muttering the spell, even in macaronic form, still provoked...