Word: modernizations
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Dates: during 1950-1959
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...Gauguin's Still Life with Apples, bought at auction last year by Greek Shipping Magnate Basil Peter Goulandris for the highest known price ($297,000) ever paid for a modern oil (TIME, June 24, 1957). ¶ Most of the little-seen Stephen C. Clark collection, including Van Gogh's Cafe de Nuit, El Greco's Saint Andrew, Rembrandt's Praying Pilgrim, Cezanne's Card Players...
...show starts with a misty-eyed, reminiscent scene of pre-revolutionary Moscow-the small houses and crooked side streets of the Cheryomushki district, near Moscow University. But before this sentimentality can get out of hand, bulldozers move in. All the old decadence is demolished, and a modern housing development rises on the ruins. Construction workers sing at their jobs; new tenants arrive; all is youth and enthusiasm. Friendships grow and love blossoms...
...honor. As General Motors' Harlow Curtice waited in the wings of Flint's Industrial Mutual Association auditorium, an orchestra played You, Gee, But You're Wonderful, You, and colored balloons floated above the linen-covered tables. Then up stepped Curtice, the very model of a modern American optimist, with some cheery predictions for the future. Said Curtice, who has been more often right than wrong: In 1959 the auto industry will sell about 5,500.000 cars (v. an estimated 4,300,000 in '58), which in turn will "start a chain reaction throughout the whole economy...
...surpasses both Hamburg-American and its fellow giant, North German Lloyd. Taking advantage of the government tax law (which was repealed 3^ years ago), Oetker invested his big baking-powder profits in shipping. Oetker today controls the largest single German merchant fleet in terms of tonnage, consisting of 40 modern freighters and tankers totaling 375,000 tons...
High Gear. Fastest progress has come in the large, rich states, notably California and Ohio, which were pushing their own major road-building programs when the federal-aid Highway Act was passed in 1956, came into the program well prepared. Most of the modern state toll roads already built will be incorporated into the new interstate system, e.g., the straight, broad New York Thruway, the Pennsylvania and Ohio turnpikes. Solid advances in building new roads also have been scored by Maryland, New Mexico, Missouri, Washington and Illinois...