Word: upwards
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...came the deluge. Successive waves of impressionism, cubism, and finally abstractionism swept them from museum walls and sent their prices sinking in the auction houses. What had been considered fresh and vigorous, later generations found sentimental and dull. But lately the Barbizon school has been undergoing another re-evaluation-upward. Currently on a tour of U.S. museums is the biggest Barbizon exhibition-113 paintings-since that Manhattan show 73 years ago (see color...
...supplies from the plains was backbreaking. TIME Correspondent Edward Behr made the trip over a Jeep path that was like a roller coaster 70 miles long and nearly three miles high. He reports: "The Jeep path begins at Tezpur, amid groves of banana and banyan trees, then climbs steeply upward through forests of oak and pine to a 10,000-ft. summit. Here the path plunges dizzily downward to the supply base of Bomdi La on a 5,000-ft. plateau, and then zigzags skyward again to the mist-hung Se Pass at 13,556 ft. Above the hairpin turns...
...made cars were the highest for any month in history (and more than 150,000 ahead of the previous high for an October, set in 1955). If the hot pace continues, the auto industry alone-which buys so much steel, copper, glass and rubber-could lead the whole economy upward next year...
...three points or more were made by blue chips such as A.T. & T., Allied Chemical, International Nickel, Union Carbide, Westinghouse Electric. "The market has the best leadership you can have," said Gerald M. Loeb, partner in E. F. Hutton & Co. Bradbury Thurlow, of Winslow, Cohu & Stetson, figured that the upward swing "is a little too big for a false start." He calls the current market a "baby bull," and expects that it will get added nourishment when the mutual funds, which have been hoarding their cash on the sidelines, begin to buy. "They follow the public," he says. "They...
Inflation, always a bugaboo, is in a disastrous upward spiral. With export income and foreign investment at a standstill, governments are forced to borrow or print money to support domestic industries and put their growing populations to work. But the increased currency in circulation is not matched by an equivalent increase in goods for sale. Thus prices climb higher, and the cost of living rises far faster than the world average. In the past five years, the cost of living jumped 212% in Argentina, 158% in Bolivia. 146% in Brazil, 111% in Chile, 133% in Uruguay...