Word: modernizing
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Dates: during 1970-1979
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...more deeply into debt. But these defenses are rapidly being exhausted. Fully 60% of all U.S. women aged 20 to 64 hold paying jobs; not many more housewives are in a position to go to work. Savings have declined since the early 1970s from 7.4% of income to a modern low of 4.3%. Consumer installment credit has surged from $210.8 billion in 1974 to $369.3 billion in the third quarter of 1979. In brief, the American consumer will soon be forced to reduce his spending, and this will be a mainspring of the recession...
...nostalgia for the Stalin era that is expressed by a minority of Russians. Some complain that the price of vodka has risen astronomically since Stalin. Others mistake the relaxation of terror that followed Stalin's death for moral laxity. The thriving black market, the dissident movement, modern art exhibitions, rock 'n' roll and nudes in Soviet movies have all caused Soviet conservatives to observe wistfully that people would have been jailed for such things under Stalin...
...five days of November, impressionist, modern and contemporary art sales at SPB netted nearly $21 million, close to the firm's entire 1967-68 turnover...
...less than 50 years. If artists who in their day were considered outstanding, whose work was underwritten by the capital and by the social opinions of a powerful empire, could vanish into the oubliette, there is no reason to suppose that the same thing may not happen to their modern equivalents-the Rothkos and Newmans, the Warhols and Johnses, and even (blasphemous thought!) some of the Picassos. What goes up is quite able to come down. It only needs a little crack in the wall of confidence...
...wander too. Lack of effort is not necessarily a sign of sloth. Ministers increasingly are expected to bear heavy loads of counseling and administration that nibble away their time. One rule of thumb is to spend "an hour in the study for each minute in the pulpit." But many modern preachers say they are lucky to manage half that...