Word: outputted
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...three-day energy conference sponsored by Time Inc. in April at Lyford Cay in Nassau (for list of participants see box page 48), top executives of U.S. energy companies offered suggestions for alleviating the shortages. Their strategy through 1985 would be to increase the domestic output of oil and natural gas, and to build new energy facilities (power plants, refineries, pipelines). But the bill for this expansion, according to experts at the conference, would be at least $500 billion, too high for industry to pay without fed eral help. The energy companies want the Government to allow the market place...
Thus Jean Dubuffet, 71, the ex-wine merchant from Le Havre, described the paintings that have earned him a reputation as France's most eminent living artist as well as its official culture scourge. The three decades of his output now displayed in an enormous retrospective at Manhattan's Guggenheim Museum resemble a strip-mining operation. With indefatigable and clamorous gusto, Dubuffet has chewed up whole tracts of land once thought to be outside culture...
...warnings came in a series of statistical reports. During the first quarter, the Commerce Department disclosed, U.S. output rose a stunning 14.3%, tying the first quarter of 1971 -when the economy was recovering from a General Motors strike-for the largest advance since the Korean War. Ballooning prices pushed the gross national product up about 6%, but the rise in real terms was around 8%, nearly double the rate that economists figure can be sustained over the long run. Industrial production in March increased a spanking 9.4% over a year earlier; personal income hit a trillion-dollar annual rate...
...economy by loosening bureaucratic controls over the production system and the managers who actually turn out the goods. But none of these plans ever seem to go far enough, and Soviet citizens continue to ask why their economy cannot soar like their spaceships. They have reason: last year, Soviet output of goods and services rose less than 2%, the smallest gain in a decade. That contrasts with a 1972 rise of 9.7%, or 6.5% after subtracting price increases, in the U.S. gross national product. Now, predictably, the Soviets are embarking on yet another reform, and this one does seem...
...rich as Picasso. Not even the conspicuous earners of the past, like Rubens or Titian, made that kind of money. Thus out of the production of one year, 1969-70, he exhibited 167 oils and 45 drawings; in all, the gross market value of that fragment of his output was probably about $15 million, and the value of Picasso's whole estate has been guessed at $750 million or more. Although Picasso had long since parted with it, his Nude Woman of 1910 recently fetched a reported $1.1 million from the National Gallery. That is believed...