Word: post-world
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...number of political works further extend the symbolic scope of black in the exhibit. Wernes Buettner and Ilubert Kiecol's scatstered and swirling black conveys the chaos of post-World War If city in Germany with unusual force. One especially powerful work in the exhibit, Glenn Ligon's "Four Etchings," uses black on white and black on black type to represent the dynamics of race in society. Repeating the statement "I feel most colored when I am thrown against a sharp white, background, in black on white, the background becomes gradually black and smudged. When the type is then fully...
...Vladimir Zhirinovsky is no Adolf Hitler, and the current Russian republic is no Weimar. Russia is not the pariah among nations that post-World War I Germany was; there are no Western Allied powers lording over a defeated Russia. True, Russia has suffered economic hardship, but not to the point of 400% inflation in four years (1929-1933) such as in Germany. Moreover, the Western powers are well-armed, prepared and even interventionist these days (as opposed to the way we were under the Monroe Doctrine-influenced isolationism of the 1930s...
...after day the greenback has been hitting post-World War II lows against the Japanese yen. At one point last week the dollar would buy less than 98 yen, down about 2% since June 21 and 10% since February. The dollar has also fallen about 8% this year against the deutsche mark, to 1.59 DM last week. Those drops have contributed to a continuing erosion of stock and bond prices. The Dow Jones industrial average was 3647 Friday, down 8% from its Jan. 31 high, while the yield on 30-year U.S. Treasury bonds had risen to 7.6%, higher than...
...borrow and consume too much are destined to lose out, and a cheap currency cannot save them in the end. Eighty years ago, the world's most powerful currency was the British pound sterling, which enjoyed the same almighty reputation as the dollar once did. But the country's post-World War II collapse sent the pound reeling, and while further declines in the currency have occasionally boosted British exports, Britain is no longer the prosperous place it once was. Any visitor can see that...
...called the U.S. economic outlook "as bright as it has been in decades," but sent the signals investors hate most: the Fed might again take steps to prevent inflation by boosting interest rates. Treasury Secretary Lloyd Bentsen, trying to stand tall a day after the dollar sank to a post-World War II low against the Japanese yen, vowed action if needed to bolster the greenback. Economists said the two men are in a bind: allow the dollar to fall further, and potentially provoking inflation, or raise interest rates and dampen U.S. economic growth...