Word: jannings
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Dates: during 1970-1979
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...show covers 25 years-from Ernest Hamlin Baker's traditional tempera of a benign Winston Churchill, the "Man of the Half Century" (Jan. 2, 1950), to an atmospheric oil of a saturnine King Faisal, the Man of the Year (Jan. 6, 1975), by Bob Peak. Anwar Sadat's head is perched on sphinxlike paws in a pencil-and-ink sketch by Isadore Seltzer (May 17, 1971), while Peter Max produced a comic mixed-media collage for our "Is Prince Charles Necessary?" cover (June 27, 1969). The brooding poet Robert Lowell is given a crayoned zigzag crown of laurels...
...interviews with a national sample of 927 Catholic adults conducted by a team from the University of Chicago's National Opinion Research Center. The center conducted a similar survey in 1963, and some of the changes in Catholic attitudes it found over the decade were previously reported (TIME, Jan. 13, 1975). While the link between attitudes toward the Pope's encyclical and church decline is the book's most sensational finding, much of the new survey-as in 1963-deals with parochial schools...
...nervousness generated by the troubles of the franc and pound intensi fied the already alarming slide in the lira. In a single day, the lira fell from 842 to the dollar to 880; it closed at 875-down 27.6% from 686 as recently as Jan. 20. To boost government revenues and restore confidence in the lira, the government of Prime Minister Aldo Moro started a harsh austerity policy. Among other things, it raised taxes on auto sales, lifted the price of gasoline by 14.3%, to $1.73 a gallon, and raised the government bank lending rate a startling four points...
What prompted Ahdab's demi-coup was the collapse of the fragile seven-week-old Pax Syriana-the Damascus-sponsored truce of Jan. 22. The authorities, charged Ahdab, had simply been unable to maintain order or begin to build a consensus in the divided country. This threatened to push Lebanon into renewed war between right-wing Christians and Moslem leftists. All last week gunmen again began erecting street barricades and kidnaping scores of civilians...
...biggest reasons behind the new pressure for financial reform are the highly publicized troubles that banks are having with bad loans (TIME, Jan. 26) and the failures that those troubles have sometimes caused. Latest example: the $400 million-deposit Hamilton National Bank of Chattanooga fell victim last month to uncollectible real estate loans and its parent holding company, which once owned 17 banks with assets of $1.1 billion, followed it into bankruptcy a few days later. Rightly or wrongly, many Congressmen believe that closer regulation would have kept the banks from overextending themselves. So the creation of a new Federal...