Word: smithing
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Dates: during 1960-1969
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Seventeen of the 23 nations in the Commonwealth are predominantly black, brown or yellow. Thus, on the basis of membership alone, the Commonwealth might be expected to deal harshly with the rebel regime of Ian Smith in Rhodesia, where 220,000 whites now rule 4,000,000 black Africans. But British Prime Minister Har old Wilson has ruled out the use of force against Rhodesia, insisting that economic sanctions will compel Smith to back down. So this week, as the 16th Commonwealth conference begins in London, Wilson faces a crisis over Rhodesia that threatens to tear apart the British-reared...
...Your description of Merrill Lynch, Pierce, Fenner & Smith as "part of American folklore" is more apt than you probably intended. Apparently even TIME has fallen for the myth that Merrill Lynch pays salesmen salaries rather than commissions (not true-compensation is directly related to production) and that it doesn't sell mutual funds because of a possible conflict for research ideas between mutual funds and individual customers (reality: customers' balances diverted into mutual funds are no longer available to salesmen...
...Never Saw. The exhibition of 49 works prepared by Manhattan's Museum of Modern Art, which was exhibited in Holland (see color page) before opening last week at London's Tate Gallery, was aimed at giving Smith his first major international showing. Ironically, it is the one he never saw. In May 1965, while returning home from visiting an artist friend in Bennington, Vt., he drove off the road and was killed. But though his death at the age of 59 robbed him of accolades abroad, he had by his independence set the life style for a generation...
While Alexander Calder early became a world figure by giving movement to sculpture with his mobiles, and Jacques Lipchitz developed his own tragic vision in the New World while still using traditional casting techniques, David Smith seemed to gain strength from wrestling directly with the raw materials of the steel age. His own work, Smith insisted, should be viewed both with the eye of a poet and of a workman, and he was proud that he had mastered his craft. A dropout from Ohio University after his freshman year, Smith studied art under John Sloan in New York...
...firm never really recovered. While some of the old partners spent 20 years or more honorably paying off their debts from the Kreuger fiasco, the reorganized firm could never rustle up enough cash for the computers and research staffs to compete with such giants as Merrill Lynch, Pierce, Fenner & Smith-or, on a somewhat smaller scale, Hayden, Stone. Says Hayden, Stone Chairman Alfred J. Coyle, they "couldn't make the costly effort we make in research-the only way a firm can supply the services customers want...