Word: europeanization
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Dates: during 1980-1989
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Against that backdrop of unexpected economic malaise, TIME last week assembled its U.S., European and Pacific Boards of Economists for a two-day session in New York City. The joint meeting, the first of its kind, brought together 19 distinguished economists from 13 countries plus Hong Kong for an unusually comprehensive examination of the non-Communist world's prospects. A special guest at the meeting was former Secretary of State Henry Kissinger, who discussed how political forces are affecting the economic outlook...
...across the spectrum of industrial nations," said Alan Greenspan, a New York City economic consultant, at a meeting last week of TIME's three Boards of Economists (see following story). In its latest economic outlook, the OECD noted that the state's share of the economy in 19 West European countries has begun falling for the first time since World War II. Public outlays accounted for 50.6% of gross domestic product in 1984, vs. 51.1% the year before. Even Scandinavia, where the welfare state achieved its fullest flowering, has caught the spirit. Says Nils Lundgren, chief economist of PK Banken...
...portrait, titled Portrait of a "Degenerate Artist," which commemorated his inclusion in the Nazi exhibition of "Degenerate Art." A figure among the trees, in the background on the left, sketchily furnishes the key: it is the Adam from Masaccio's Expulsion from Paradise. Kokoschka was being driven from his European paradise. He went to England and remained throughout the war. There he painted a number of harsh, hard-to-read political allegories, inspired by the cartoons of Gillray and other Georgian caricaturists, and supported himself by teaching and portraiture...
...postwar years, during which Kokoschka cast himself as a maestro appointed to pull the great European figurative tradition out of the grip of abstraction, his art declined in vitality. One soon wearies, for instance, of the view-fromthe-boardroom cityscapes of Berlin, London and New York that he turned out in some profusion for Axel Springer and other bigwigs of the postwar boom years. But to say that his talent collapsed like Chagall's is quite untrue. Chagall painted nothing but cloying ethnic kitsch for the last 30 years of his life. But in some of Kokoschka's last paintings...
...Mohammed Abul Abbas Zaidan, received a life sentence in absentia. Ever since he was released by the Italians after the U.S. forced his plane to land in Italy, Abbas has been on the run. In a separate development last week, the Greek government fell into line with other West European governments and asked some 20 Libyan officials to leave Athens...