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...have taken on much of the job of recycling the enormous surpluses piled up by oil-exporting nations. Total debts owed by governments to major commercial banks ballooned from $110 billion in 1969 to $550 billion last year. Now the banks are reaching the ceiling of their willingness to lend to troubled nations-and countries such as Brazil, Mexico, Peru and Zaire may be nearing the end of their ability to repay, unless they get new credits. Various experts believe that without emergency loans from the IMF, a number of less-developed countries would default on their loans, possibly bringing...

Author: /time Magazine | Title: MONEY: The Lender of Last Resort | 8/15/1977 | See Source »

...others are necessarily footnotes, is now on view in his home city of Antwerp. At the Royal Museum of Fine Arts, over 100 paintings and 60 drawings have been assembled from the world's collections. Some things, of course, one cannot hope for: the Louvre would never lend any of the giant canvases from Rubens' Marie de Médicis cycle, any more than his landscape The Cháteau de Steen in Autumn could be expected to travel from London or the Hélène Fourment in a Fur Cloak from Vienna. Still, this...

Author: /time Magazine | Title: Art: Rubens: 'Fed upon Roses' | 8/1/1977 | See Source »

...occasion, Keane says, he has come close to having his head blown off by professional criminals.) And, he notes "finding a lost bird in Oakland is like finding one particular flea on a Saint Bernard." Nonetheless, his ten-month-old business is prospering, and he has been approached to lend his nom de chien to a movie about Sherlock Bones. He is also working on a book that will not be called Sam Spayed...

Author: /time Magazine | Title: Living: Hercule Pawret | 8/1/1977 | See Source »

Robert Frost spent only five years (1915-20) in a plain white farmhouse in the sleepy mountain town of Franconia, N.H., before moving on to Vermont. Nonetheless, townspeople decided to buy the house for $55,000 as a Bicentennial project and lend it rent free to a young poet for the summer, with $ 1,000 thrown in for groceries. The choice of the poet was left to the editors of the Atlantic Monthly, which published many of Frost's poems...

Author: /time Magazine | Title: The Nation: Living Memorial | 7/11/1977 | See Source »

...photographer himself, Guccione is the best in the business at the narrow craft of what he calls "romanticizing the sexual encounter"; since the mystery used to be in what was concealed (but no longer is), Guccione has to work hard, with soft focus and Victorian props, to lend variety month after month to anatomical sameness...

Author: /time Magazine | Title: NEWSWATCH by Thomas Griffith: Merchants of Raunchiness | 7/4/1977 | See Source »

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