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...Revolt. On the top spiral at the Guggenheim are displayed the eminents who died in the 1960s but whose work still seems relevant to the post-meta physical moment: the dadaist abstractionist Arp Giacometti's existential armature figures, the dynamic welded sculpture of David Smith, and the work of Burgoyne Diller, a precursor of minimalism. Next are the old masters whose common sensibility was formulated before World War II: Picasso, Nevelson, Lipchitz, Calder. Then come two generations of artists who, in Fry's opinion, are at once trying to escape from Renaissance definitions of sculpture and "in revolt...

Author: /time Magazine | Title: Sculpture: Responding to the Moment | 10/27/1967 | See Source »

...however, the chairman has had scarcely a kind word for the bill. Apart from the political hazards of voting an unpopular new tax, the Arkansan is innately skeptical of economic prognosticators and-despite the almost-unanimous verdict of his witnesses-far from persuaded by their predictions of an inflationary spiral. On the contrary, Mills fears that added taxes may have the opposite effect of stifling growth. And he is unconvinced that $6 billion raised by the surtax can make a real dent in the deficit or make it easier to manage...

Author: /time Magazine | Title: The Economy: Moribund Surtax | 9/22/1967 | See Source »

Belated Astonishment. The Administration has long been citing the danger of a renewal of last year's price spiral as an argument for its tax bill, and now is using the figures to lend an unusual urgency to the pitch. In a generally rosy report on the economy last week, Presidential Adviser Gardner Ackley was moved to emphasize "unwelcome but convincing indications of inflationary pressures ahead...

Author: /time Magazine | Title: Prices: Upward March | 9/15/1967 | See Source »

...year, and, along with other tax adjustments, would reduce a horrendous national budget deficit of $29 billion to between $14 billion and $18 billion. Thus, they argued, the surcharge is vital therapy for an economy whose current expansion (see U.S. BUSINESS) threatens, if unchecked, to result in a new spiral of inflation, tight money and rocketing interest rates...

Author: /time Magazine | Title: The Economy: How Much Tax? | 8/25/1967 | See Source »

...sorcery and spirit worship. There is little in them to distinguish today from yesterday. Works are not dated; subject matter is part of a continuous tradition handed down from monk to monk, generation to generation. Often the meaning of the centuries-old silk tapestries is obscure. The Mystic Spiral, intended for monastic meditation, is a vision whose precise symbolism is known only to a few learned lamas. To the Western viewer, its concentric circles, drawing him into a dizzying infinity, are startlingly like contemporary op and psychedelic art. The God of 1,000 Eyes, though menacing in appearance with...

Author: /time Magazine | Title: Styles: Secrets of Shangri-La | 8/18/1967 | See Source »

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