Word: growths
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Dates: during 1970-1979
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...dressed diners, and shops from Stockholm to Seville do a brisk pre-Christmas business in luxury items. But there is a dark underside to this bright picture. Unlike the U.S., the industrial nations of Europe never really recovered from the 1974-75 recession, in part because they avoided rapid-growth policies for fear of aggravating inflation. A consequence, as well as a continuing cause, of the sluggishness is the decline of three basic industries?steel, textiles and shipbuilding?that provide 4.3 million European jobs. Many companies in these ailing sectors have grown too unwieldy and inefficient to compete...
...industries. Many companies developed more production capacity than they could have hoped to use in the foreseeable future. Says Henri de Bodinat, a Paris-based industrial expert for the Arthur D. Little consulting firm: "One of the basic rules of capitalism is that industrial sectors reach a limit of growth as they mature and then begin to decline. It happened with railroads; it is now happening with steel, and in ten years the auto industry will have problems." What has turned an industrial adjustment into a crisis, in De Bodinat's view, is that the declining industries are not being...
This year the government was forced to reduce the growth of spending and hold down spiraling wages. The Shah's austerity plan, mixed in with the rising expectations and rising prices, produced an economic Molotov cocktail. Government workers, their salaries ravaged by inflation unofficially estimated at more than 50% last year, went on strike. They were soon followed by 67,000 workers in the oilfields and employees in the post office, national airline, customs, telephone and steel companies and power stations...
Between 1912 and 1920, De Chirico produced a series of images?his pittura metafisica, or metaphysical painting?that altered the history of modernism. His empty colonnades and squares, populated by statues and shadows, exerted a vast influence on the growth of a specifically surrealist art. Max Ernst, René Magritte and Salvador Dali all paid homage to the liberating power of early De Chirico. He seemed to have made the actions of the dreaming mind more accessible, vivid and poignant than any other painter. "If a work of art is to be truly immortal," he explained, "it must pass quite beyond...
There will be no automatic changes in the Advocate because she is a women, Chace said, adding that she hopes to make The Advocate more accessible and diverse. She said she hopes to continue the growth of the magazine and its audience, while trying to work more amicably with other people and organizations...