Word: term
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Dates: during 1950-1959
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Instead of Fine Arts 13, a new full course should be substituted whose main concern would be to acquaint the student with the many different ways an art work can be approached. The first term should study intensively and unhistorically selected masterpieces of painting, leaving out the added complexities of the architectural and sculptural disciplines. The emphasis would be placed entirely on art appreciation...
...second term would undertake a close examination of the stylistic metamorphoses of Western painting as reflected by a small number of works of the greatest masters from Giotto to the decline of the Baroque at the end of the seventeenth century. Here, the ways of looking at a painting as discussed in the first term would give depth to a historical study of art styles. The student at last would have a chance to emerge with a deep familiarity with a significant era in art history. What is far more important, the course will have made a thorough attempt...
...free-exchange rate, are bursting pocketbooks (v. only 20.5 billion, each worth 5.4?, ten years ago). From a $248 million foreign-trade gain in 1956, Brazil plummeted into a $97 million loss in 1957, a $166 million loss in 1958. Loan interest, loan repayments and massive installments on long-term debts this year will take a $338 million bite out of foreign exchange. Budget deficits were $214 million last year, $230 million the year before...
When money rates are rising, even well-priced bond issues often meet a cool reception because buyers are waiting for still higher rates. Last week the U.S. found buyers scarce for its latest issue. To holders of $1.8 billion in maturing issues, the Treasury offered to exchange a short-term (one year), attractively priced (4.05%) issue. Instead of taking the new issue, 30% of the noteholders asked for $547 million in cash, highest attrition rate since the record...
...market again immediately. The T-men felt that sweetening the issue with a higher interest rate would not have done much good. With the pickup in business, corporations can see other uses for the money, are reluctant to hold an issue for a year. They prefer shorter-term bills, even though the rates are lower (2½-2⅝%) until they can see where money rates are going...