Word: holdings
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Dates: during 1950-1959
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...constellation of exalted royalty, heralded by the solemn magnificence of equerries, secretaries, aides and ambassadors−and the U.S. found that Britain's Queen Elizabeth and Prince Philip, not symbols alone, but flesh-and-blood people, respond with the same human warmth and simple good will that Americans hold out to them...
...process is automatic. One country questioning the practice is Finland. There escalator wages are considered a major cause of the inflation that is so severe that the Finmark had to be devalued on Sept. 15 from 231 to 320 to the U.S. dollar. Now the Finns are trying to hold the line on wages...
...tight money will work in these countries. But "for the newly developing countries,"'said Gibson, "there was a general agreement that inflation originates mainly from the urgency of development, and hence is more nearly of classical nature." Here, classical remedies such as controlling the money supply can hold inflation in bounds necessary to keep from frightening investment away. Whatever is done, the conferees were fully agreed that inflation will be a worldwide problem for a long time to come. The solution, said Gibson, "calls for a combination of economic realism, political courage and a strong faith in the future...
...myself," said Capitalist Masani, "hold the view that the country that gives a grant or loan has a right to attach conditions which in its opinion make for honest, efficient and productive use of the assistance. On the other hand, there should be nothing done that appears to question the right of a country democratically to determine the structure of its own industry or economy. Any suggestion that an attempt is made to export a country's economic philosophy is one that needs to be scrupulously eschewed...
Space & Meaning. At midcentury, American art has reached a sort of delta. The leading painters follow a dozen different channels, and each naturally insists that his particular channel is the main one. Fortunately, there is controversy. When two of the nation's most admired painters can hold and express views as diametrically opposed as those of Mark Tobey and Andrew Wyeth, a healthy state of tension exists. "Multiple space bounded by white lines," Abstractionist Tobey tells the world without a wink, "symbolizes higher states of consciousness." And Realist Wyeth replies: "What the subject means is the most important thing...