Word: steel
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Dates: during 1960-1969
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Seeking to translate this symbolic imagery into clearer, simpler compositions, Smith developed his "line drawing" sculptures, made from strips of steel welded together into flat, picture-like compositions. His masterpiece in this genre is Australia (1951), a 9-ft.-wide, predatory sort of flying queen ant that stands on a pedestal, as much signpost as symbol. Australia occupies a niche of its own at the Guggenheim, for it marks the end of Smith's apprenticeship to foreign styles and his emergence as an innovator with followers of his own. Thereafter, his works became increasingly abstract, although to the last...
Proud Zigs. As the works grew more monumental, Smith experimented with bright enamels to keep his monuments joyful. Color endows three flat, empty-centered "Circles" with dashing zest. Enamels brighten the statuesque "Zig" (for Ziggurat) series of tilting or semicircular sheets of steel. Nature itself is meant to tint the burnished-steel "Cubi" series. "I polish them," Smith explained, "so that on a dull day they take on a dull blue or the yellow glow of an afternoon...
...that the T.W.U. has won the 25.5% package with American, the I.A.M. is unlikely to accept less from the other carriers. Another complicating factor for the airlines is that I.A.M. President Roy Siemiller, who ran the 1966 strike, will retire this June at 68. Siemiller, craggy, bespectacled and steel-hard, doubtless hopes to exit triumphantly with an exceptional agreement...
West Germany is Israel's third best trading partner, after the U.S. and Britain. Imports from West Germany nearly doubled last year, to $115 million. The bulk consisted of machinery and steel, including supplies for the trans-Negev oil pipeline built to bypass the Suez canal. Consumer goods, notably more than $10 million worth of autos, took up a good share of the total. Though many Israelis still flatly refuse even to ride in a Volkswagen-and more than just a few North American Jews will not consider buying VWs-German autos outsold those of all other nations...
Shifting Depreciation. An increasingly popular stratagem is for companies to reduce the rate at which they write off -that is, deduct from their taxable income-the cost of new facilities. The results can be astonishing. U.S. Steel raised last year's reported profits 59% above what they otherwise would have been, from $159 million to $253 million, largely by switching from rapid to straight-line depreciation of its huge investment in mills and other properties. The change reduced the amount that the company set aside on its books to reflect the degree by which its plant and equipment wore...