Word: europeanization
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Dates: during 1970-1979
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Unlike Hughes, I must confess to a vulgar taste. When I visit the National Gallery I don't seek modern American artists like Jackson Pollock, or modern European artists either. I find myself turning to the exhibits of Dutch and Flemish painters. Rembrandt could afford to be representational, but then he lived 300 years...
Calder's activity straddled two continents; he kept studios in France and the U.S., and was one of the first American-born artists to be accepted as a charter member by the European avantgarde. Still, as his good friend Fernand Léger once put it, Calder was "a hundred percent American." His heritage was also art. His Scottish-born grandfather, Alexander Milne Calder, came to the U.S. at 22, later sculpted the famous 37-ft. statue of William Penn that stands atop Philadelphia's city hall. Father Alexander Stirling Calder sculpted the classic George Washington statue...
Last week 16 American, European and Japanese economists, meeting at Washington's Brookings Institution, called on the world's three economic heavyweights-the U.S., Germany and Japan-to adopt more expansive policies, such as tax cuts and increased government spending. A failure to get the major economies moving again, the experts indicated, could dangerously increase social and political tensions, especially in other economically bedeviled nations, such as Britain, Italy and, to a lesser degree, France. Moreover, almost all economists agree that a slump in Europe would be bad news for the U.S. Says Lawrence Klein, President-elect Carter...
...enthusiastically endorsing moderate growth policies aimed at beating inflation. But only the U.S., Switzerland and West Germany have managed to wrestle down inflation rates. In most other countries, wages have continued rising so rapidly that even the moderate improvement in business that occurred sent prices up sharply too. Many European governments responded with austerity measures aimed at holding down demand. Business quickly slowed, while joblessness remained high-all without making much of a dent in the rate of price increases...
...over 1,200 miles of forest and bush from the Zaïre River (once the Congo) to the copper belt in Shaba (formerly Katanga) is far behind schedule. Construction of a huge addition to the state-owned Gécamines copper mine, financed by the World Bank, the European Investment Bank and the Libyan government, is 18 months late. Work has stopped on the giant new Tenke-Fungurume copper mine, and international backers are handing over $750,000 a month just for maintenance work on the site...