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...cause is a sharp drop in the growth of world oil consumption since the cartel countries dictated their four fold price increase last year. A 7% de cline in West European oil imports since then has sent tanker charter rates plunging. Before the oil embargo started in October 1973, the cost of a spot charter (one or two trips) of a 220,000-ton super tanker for the 11,000-mile round trip from the Persian Gulf to Rotterdam reached a record $8.8 million. By mid-November, the rate had fallen to $2.6 million. Today a 220,000-ton tanker...

Author: /time Magazine | Title: SHIPPING: Superbust | 3/10/1975 | See Source »

...President Bok formed the Committee for the Practice of the Arts to report on the condition of the arts at Harvard and Radcliffe; the committee's report, released two years ago, recommends including the arts in the academic fold, saying. "Only courses in the regular curriculum can demand of the student the time, the effort and the self-discipline required to make the experience educationally valuable to him." The chief argument for granting credit for performance is that this work is as intellectually and educationally important as any that students do Committed artists can continue to practice and perform only...

Author: By Beth Stephens, | Title: Battling A Harvard Tradition | 3/4/1975 | See Source »

...hair fetishism or both. But he did produce one of the great sexual images of the 18th century with The Night mare (1781). The painting ought not to work. It is too literal, too obvious. Its spectral horse with Ping Pong ball eyes puffs and blows through a fold in the cur tain, and the goblin looks like an irri table Irish dwarf. It is, in fact, the kind of painting that seems merely an aggressive pantomime in a post-psychological culture like ours. Yet nearly 200 years after it was painted, one cannot help ad miring the symbolizing effort...

Author: /time Magazine | Title: Art: Painter Possessed | 3/3/1975 | See Source »

...principle behind this kind of work, as Oka points out, is twofold. First, there is a traditional regard for the symbolism of the materials themselves. Thus, because paper was considered to embody a deity in ancient Japan, you could not cut it (a murder of the god). You could fold it without violation, however, and thus origami and its related art of paper packaging came into being. Second, the package is an act of obeisance to its recipient, rather than a flat invitation to consume. In the material on show at Japan House this idea is beautifully eloquent: the studied...

Author: /time Magazine | Title: Art: Throwaway Bamboo | 2/24/1975 | See Source »

...Andelor Belin, Radcliffe's lawyer and president of Yale's alumni University Council, said yesterday that although there is "much evidence" that some of these alumni are "coming back in the fold," many will not be inclined to give heavily to Yale until Brewster retires...

Author: By H. JEFFREY Leonard, | Title: Yale Fund Drive Reaches $97 Million | 2/7/1975 | See Source »

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