Word: homelies
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Dates: during 1960-1969
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...early 1967, life was finally beginning to fall into place for Yun. After eleven difficult years of studying and composing in Europe, he was now hearing his works performed and praised; commissions were starting to come in. That June however, Yun and his wife vanished from their home in West Berlin. They turned up next as prisoners facing a treason trial in their native South Korea. They had been abducted by agents of the South Korean Central Intelligence Agency, who at the time were rounding up South Korean intellectuals and students by the dozen in Europe as alleged spies...
...alone. I think, in a way, a painting is a flat head-on confrontation, the same kind of thing that happens when you go to a concert and either you fall asleep or else you're moved to tears. But then you put on your coat and go home." A painting, unlike a symphony, exists permanently in time, and so perhaps "there is something about a head-on confrontation with a picture that might make people who don't want to have that experience uneasy...
...credit crunch" of 1966. This time, the Federal Reserve Board's policy of gradual "disinflation without deflation" has kept U.S. banks at some distance from anything like the 1966 crisis. Though forced to pay interest as high as 81%, the banks have been able to bring home some $2.4 billion in "Eurodollars"-or about one-fourth of the U.S. dollars on deposit in foreign branches of U.S. banks...
...interest rates set by usury laws. Margin loans for stock purchases are drying up in such places as Vermont and New Hampshire. In Michigan, which has a 7% usury limit, unincorporated businessmen and partnerships can no longer legally borrow at a rate that lenders will accept. Illinois lenders shun home loans because of the state's 7% ceiling; now the legislature is moving to up the limit...
Company limousines roll through the British countryside carrying executives' children from their boarding schools to holidays at home. France's nationalized coal companies provide their engineers with rent-free homes. Swedish business men hunt elk in company-owned forests. Officials of Rio de Janeiro's Mesbla department store enjoy free vacations at their company's summer resort. All these-and many more-are the fringe benefits that are taken for granted by executives abroad, and account for the fact that they can often live high on salaries that usually run much lower than those...