Word: copperizing
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...those that, like Niland, depend upon a single basic source of income. The classic case is the mining community whose veins of ore play out. Although Arizona is booming, and the population of Phoenix has quadrupled during the past ten years, at the edge of the once bustling Arizona copper town of Jerome* stands a sign proclaiming it a ghost town...
...Laundry Bags. The most striking use of canvas in the entire show is not in a painting at all. Second-prize winner of $1,500 is an enormous construction of steel rods, copper wire and remnants of tarpaulin titled Untitled (57) by Lee Bontecou, 32. Combining symbolic materials on one hand and symbolic shapes on the other, Untitled (57) might well express the history of flight: the canvas wings and tenuous struts of Kitty Hawk are molded into the soaring pinions and howling jet nacelles of Idlewild. Bontecou, who looks as if she might have just stepped down from...
...Bontecou, a blonde loft-waif of Lower Manhattan, used to do terra-cotta animals, turned to something called "soot drawings" while on a Fulbright in Rome, five years ago started making little boxes of metal rods with canvas sides stitched on with copper wire, treated with sizing for tautness, scorched with a blowtorch for blackness. From there, the elaborate wall structures grew. "I wanted to get sculpture off the floor-sculptures standing on the floor, they don't have anything to do with anything; they're so heavy and, well, I just wanted to get them...
...Latin America's biggest nations, the prospects for foreign investors are steadily deteriorating. In Chile, where strikes in the U.S.-owned copper mines have become an annual rite, and taxes run as high as 81% of profits, Anaconda and Kennecott have scrapped expansion programs totaling $325 million. In Argentina, where the gross national product actually dropped 10% last year, some 35 U.S. companies have recently canceled investment plans. New investment in Brazil has been discouraged by a law that prohibits foreign companies from withdrawing any profits above 10% of invested capital and by expropriation of an International Telephone & Telegraph...
Most of the inflation in Latin America results from the same thing that caused the incident at Córdoba: unwillingness to face economic realities. When the world wide glut of coffee, cocoa, copper and other commodities cut into their export earnings, too many Latin governments responded by printing more paper currency and borrowing heavily abroad. Latin America's rich have also contributed to the weakening of their nations' currencies and economies by prudently squirreling away huge sums-estimated at $10 billion to $15 billion-in Miami real estate, foreign securities and Swiss bank accounts. In Argentina alone...