Word: grounds
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Dates: during 1960-1969
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...bankroll his new foundaion to support younger artists with-dealers. "Let the oldtimers pay for tomorrow," he said. They did. Top price -$37,000-was for Willem de Kooning's 1955 Police Gazette; Barnett Newman's Tundra, consisting of a red horizontal stripe on an orange ground, went for $26,000. A 1951 Clyfford Still garnered $29,000. Mark Rothko's hovering red panel fetched $15,500. Two Franz Klines were bid up to $18000 and $19,000. What about pop? Only one work, Robert Rauschenberg's elaborate montage Express, was put on the block...
...Output. The two trends together have touched off the greatest migration and building program in the steel industry's 101-year history. U.S. Steel and Inland, both longtime Chicago producers, have major expansion programs under way to add furnaces and finishing mills. Jones & Laughlin will erect a ground-up $600 million plant at Hennepin, 111. (TIME, July 9). Bethlehem is spending $400 million on a 3,300-acre complex of finishing mills at Burns Harbor, Ind. Youngstown Sheet & Tube is laying out $375 million for a blast furnace and finishing mills at East Chicago, and Midwest Steel, a division...
...development has built houses with a pretentious name ("Tiffany") but a practical attraction: a covered swimming pool just half a dozen steps away from the kitchen. Prices for the houses: $22,450 to $33,450. Other amenities offered by builders now include long, narrow windows that extend from ground to roof: hi-fi systems with outlets in every room: and television hookups between front door and kitchen so that housewives can see who is calling...
...years as chairman and chief executive of the fledgling Communications Satellite Corp., Leo D Welch, 67, supervised two notable accomplishments. On the ground he launched a $200 million stock issue that was snapped up by communications companies and 190,000 space-minded investors; into the air he launched the Early Bird satellite, now relaying sound and pictures from a perch 22,300 miles over the equator. Welch, who had earlier retired as Jersey Standard's chair man, was bothered by a kidney ailment He pressed for a younger successor and last week he had his wish. Taking over...
...orbited next year by the National Aeronautics and Space Administration, and to offer Pacific communication similar to Early Bird's European hookup. After that will come a new generation of Comsat satellites that will provide worldwide links with stations in at least 45 countries. On the ground, Comsat is embroiled in arguments. Television networks are unhappy about Comsat's high rates ($5,245 an hour in prime time). Such companies as A.T.&T. and I.T.T., both customers and part owners of Comsat, want to run its ground stations, and users want to link with Comsat ground stations directly...