Word: closed
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Dates: during 1970-1970
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Angel painting never recovered from the blow dealt by the Reformation. After Luther's proposal that men could approach God directly by faith through grace, with no intermediaries, the angels were theologically unemployed. The gap they were meant to close had been written out of existence; they were reduced to mere attendant lords, thunderbolt carriers to swell a scene or two. Nineteenth century rationalism seemed to finish them off for good. The remark of a Victorian doctor, that he had never met the soul in a dissection, found its artistic parallel in Gustave Courbet...
...once every six weeks per couple, which keeps everybody happy," says Ethel. Her husband, for instance, has curtailed his practice so that he can spend one day a week at home on child-care and cooking duty. Says Ethel, "The truth is that most men are deprived of a close relationship with their children, and our men are finding out what they've been missing. It's groovy...
...securities listed on the New York Stock Exchange was $113 billion, and the nation's 31 million investors lost an average of $3,645 each. The losses were even more severe for stocks on the American Stock Exchange and on the over-the-counter market. The latter came close to collapse for many days during the late spring. Since then, the stock market has rebounded, though many faded glamour stocks remain 70% below their highs of a few years ago. The Dow-Jones average closed last week at 823, far down from its alltime high of 995 in February...
...increase the annual rate of housing starts by 59% from January to November. The main force behind the housing rebound, however, has been an astonishing rise in federal subsidies and loans. About one-third of the houses and apartments built this year received some federal subsidy, and next year close to half of them will get aid from Washington...
...fresh ideas-the zip and leaven-for business. Unemployment will climb next year, probably exceeding 6% during some months before tapering off later in 1971. The members of TIME'S Board of Economists foresee relatively high unemployment, coupled with about a 3)% rate of real economic growth and close to a 4% rate of inflation. That would make for a total of something more than 7% growth in the gross national product, lifting it from $977 billion this year to $1.045 trillion or $1.055 trillion next year...