Word: owing
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Dates: during 1950-1959
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...Letter. If the U.N. succeeds in evolving into something more, the shape it takes will owe much to Dag Hammarskjold. As Secretary-General of the United Nations, Hammarskjold holds a job whose very title carries overtones of impotence. Today, however, what was originally conceived of as the world's top civil-service berth ($20,000 a year tax free and $35,000 for expenses) shows promise of developing into an executive post of potentially immense power. Partly, this is a matter of impersonal historic forces-among them the tendency of a frightened legislature to yearn for a strong executive...
...they plainly show the influence of U.S. abstract expressionists, rated by British critics as a visual equivalent of rock 'n' roll. Prime example is Painter William Scott, 43, now having his first one-man show in Manhattan at the Martha Jackson Gallery. Scott's ominous saucepans owe something to the slick stick school of France's Bernard Buffet (TIME, Feb. 27), just as his segmented, all-red nudes do to Jean Dubuffet's art brut. But placed alongside Manhattan's avant-garde painting they look right at home...
...Around the World, he is now sitting on top of it. His plans? Says the man who is pushing 50 as if he intends to knock it over: "As soon as the excitement dies down, I'm going to have a nervous breakdown. I worked for it, I owe it to myself and nobody is going to deprive...
...makes Düsseldorf the nation's No. 1 securities market is partly its position as capital of West Germany's biggest and most prosperous state, ringed by expanding coal and steel industries in the Rhine-Ruhr area. But mainly Düsseldorf-and its sister exchanges-owe the new boom to the insistent demands of West Germany's industry for new expansion capital...
Raising the Standards. The sharpest increase has been in short-term consumer credit. As disposable income quadrupled since 1939, consumers raised their debt accordingly (from $7.2 billion to $37.1 billion), now owe an average 13% of take-home pay. With the addition of housing debt, the consumers' total unpaid balance in mid-1956 represented $800 for every man. woman and child in the U.S., v. $180 in 1939. From go-now, pay-later trips abroad to fill-your-teeth-on-time plans, installment buying now covers almost every contingency from womb to tomb...