Word: smithsonian
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...recently after a fortnight's absence in Washington and Jamaica, Prime Minister Harold Wilson had little cause for cheer. As last week began, the pound fell to its lowest level ever against the currencies of all Britain's major trading partners, down a disastrous 24.9% from the Smithsonian Agreement level of 1971. Any sharper decline would give the nation's already soaring inflation rate of 30% an explosive new thrust. Labor Cabinet members were warring openly over economic policy and the Common Market referendum, and a rash of strikes had slashed output in the automobile, rubber, tractor...
Five Conditions. Though Lehman had presided over the Met as trustee and chairman, there were rumors that the pictures might go to Yale or the Smithsonian. "You will never, never, never get it-unless you fulfill five conditions," Lehman once told the Met's director, Thomas Hoving. Some of the terms are still secret, but his known requirements boiled down to a demand that the works be housed forever beneath a glass roof in a new separate wing of the Metropolitan; that they should never be absorbed into the bulk of the Met's collections; and that...
...Pier E, which is located only about 50 yds. from the hangar that for years has housed Hughes' gigantic plywood flying boat, known irreverently as "the Spruce Goose." Though Howard Hughes last month finally agreed to dispose of the Goose, giving parts of it to the Smithsonian, it remains at present in the hangar, a monument to his single-minded determination...
...wooden plane, built by the Hughes Tool Co. and a Government defense agency, was obsolescent even before its one brief hop. Last week the General Services Administration announced that the bird, which has been stored in Long Beach, Calif., will be carved up and its pieces displayed at the Smithsonian Air and Space Museum and other institutions...
...Loewy, at 81 the dean of French designers, has lived for more than 50 years in the U.S., where he has produced hundreds of ideas, including the classic "double-fronted" 1953 Studebaker, the new Exxon corporate logo and the living quarters for NASA's Skylab. Next year the Smithsonian Institution will honor Loewy's work with a retrospective exhibition that will eventually be seen in Moscow as well...