Word: spiral
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Dates: during 1960-1969
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From coast to coast, no major exhibit of contemporary art these days is complete without the zap of neon, the wink of a wiggle bulb, the spiral shadows of alumia or the ghostly glare of minimal fluorescence. M.I.T.'s Hayden Gallery was jumping last week with the flickering lights of Venice Biennale Prizewinner Julio Le Fare's black-and-white Pulsating Lights and other works of artists exploring light as an artistic medium. For the Los Angeles County Museum's forthcoming "American Sculpture of the Sixties" show, electricians were readying Stephen Antonakos' Orange Vertical Floor Neon...
...University's investment philosophy have grown relatively quiet and Bennett--like his predecessor Cabot--has been an extremely successful Treasurer. Taking his role as trustee of Harvard's 300-year-old endowment seriously--"I've got to produce or they'll get a new Treasurer"--he has helped spiral the fund to four times what it was just 20 years ago. Much of the increase was caused by a rising stock market that most sharply raises the value of the 60 per cent of the billion now invested in common stock...
...other Asian economies are less thriving, most are reversing the downward spiral. Indonesia, having bloodily saved itself from Communist takeover, now has to repair the intrinsically rich economy that Sukarno wrecked. Malaysia may yet fragment into its original pieces, but at least it has been relieved of the huge burden imposed by Indonesia's harassing little war. Prosperous Australia and New Zealand, though far to the south, now firmly consider themselves-and are accepted by Asians-as a part of Asia, and take a major hand in Asian councils. A U.S. observer summarizes: "The Asians are not thrashing around...
...money supply. Acting on that notion, corporations threatened a ruinous replay of last summer's credit crisis by once again lining up to borrow. On the bond market alone, new corporate issues scheduled for this month total a record $1.5 billion-which could spark a new upward spiral in bank and bond rates. The Fed's warning seemed to have effect. Key 91-day Treasury bills, which had been quoted at a yield of 4.68% as recently as six weeks ago, simmered down to 4.34% after the announcement...
First Elsie's and then the Graduate Center. But Harvard has refused to be chased up the spiral: Dudley House prices will stay firm, and the hamburger still goes for 30 cents...