Word: problems
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Dates: during 1980-1980
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...prove the adage that misery loves company, President Carter began his economic message two weeks ago by noting that virulent inflation had become "a worldwide problem." Indeed, inflation now appears to be an entrenched global phenomenon. No nation is escaping its ravages; no consumer goes unscathed. The Paris-based Organization for Economic Cooperation and Development predicts an average inflation rate of 12½% for industrialized nations in 1980, marking the first time that its annual forecast has ranged into double digits...
Doing Well. West Germany boasts one of the world's lowest inflation rates. But the country's consumer prices will probably rise by 5:6% this year-twice the January 1979 rate-largely because of its near total dependence on high-priced foreign oil. To combat this problem, Bonn is sticking to the same basic course pursued since 1973: tightly controlled expansion of the money supply, high interest rates, moderate but steady economic growth and a strong deutsche mark. Instead of the stop-go style of the U.S., an official in Bonn's Economics Ministry explains...
...Britain is far better off than Italy, whose current 21.7% rate tops European Community countries. Among the main causes of Italy's price explosion: a formidable budget deficit, an overvalued lira and an automatic wage-indexing system that only exacerbates the problem...
...these hurdles, says Bradshaw, "I have the cautiously optimistic hope that the country is finally getting a handle on the energy problem. We have got to take what President Carter has offered and make it work." After all, it is th only energy policy that the nation...
...made by savages: the masks and carvings were emblems of ferocity, a thrilling rupture in the smooth herd of French metaphor painting. Seventy years later, for an artist to use African art in that way could only be racist condescension, or airport art, or both. So the problem for an artist who wants to connect his or her sense of black identity with the legacy of modernism, and do so while referring to Africa, is how to back into African imagery by allusion, metaphor, abstraction, any way except by direct quotation. In art, no American can return to Africa, except...