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This week a blue-ribbon jury of noted economists from ten nations,* completing a 14-month study for the United Nations, reached a similar conclusion. Considering the burden of the arms race, said the report, disarmament "w'ould be a blessing to all mankind." Among the findings: > The world's military spending now is roughly $120 billion annually, about 8-9% of all goods and services. About 85% of the total is spent by seven countries: the U.S.. Britain, the Soviet Union, West Germany, France, Canada and Red China. Armies number about 20 million. Probably 30 million...

Author: /time Magazine | Title: Disarmament: No Fear of Peace | 3/16/1962 | See Source »

Danger: Narcissism. Williams sometimes runs a purple ribbon through his typewriter and gushes where he should dam. Occasionally his characters are too busy striking attitudes to hit honest veins of emotion. His symbols have been known to multiply like fruit flies and almost as mindlessly. His chief danger is the unhealthy narcissism of most modern art. From the caves of Altamira to the Apollo Belvedere, pagan art looked outward and celebrated man. From the cathedral of Chartres to the music of Bach, religious art looked upward and glorified God. Modern art looks inward, contemplating the artist...

Author: /time Magazine | Title: Theater: The Angel of the Odd | 3/9/1962 | See Source »

...year, died in the House last fall primarily because many vocal businessmen bucked it. (They wanted a more sweeping reform of tax depreciation rates.) Since then, business opposition to the Kennedy proposal has melted considerably, and the tax credit now seems likely to be enacted. One blue-ribbon industrial group, the Machinery and Allied Products Institute, did much to swing opinion by pointing out that an 8% writeoff would have as much impact, for most industries, as a 40% speedup in depreciation writeoffs. President Kennedy has also helped his own cause by speeding depreciation schedules in the textile industry...

Author: /time Magazine | Title: State of Business: Spur to Spending | 2/2/1962 | See Source »

...Yale chair; she became the first woman tenure-holder on Yale's liberal-arts faculty). On the other hand, Stanford got Yale's Historian David Potter. To replace Potter, Yale snagged Johns Hopkins' topflight Historian C. Vann Woodward, whose terms were a blue-ribbon chair and a year's leave of absence with pay before he ever reaches New Haven...

Author: /time Magazine | Title: Education: The Faculty Raiders | 1/12/1962 | See Source »

Obeying tradition, claims Miss Bethune, does not take away the artist's creative freedom, but simply makes him face facts. Getting the faces wrong, she argues, is as absurd as representing "George Washington with bushy black whiskers or Abraham Lincoln with soft white wig tied with ribbon...

Author: /time Magazine | Title: Religion: Familiar Faces | 1/5/1962 | See Source »

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