Word: medium
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Dates: during 1970-1979
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...audio and visual techniques. With their overlapping voices and background noise, Altman's soundtracks have the thick texture of real world sound. Typical Hollywood soundtracks, with their neatly interspersed voices and carefully dubbed-in background music, sound contrived in comparison--almost sterile. Similarly, Altman relies heavily on long and medium camera shots, avoiding the manipulative feel of most Hollywood products. Altman's frames include the things he wants you to see, but he doesn't overemphasize them; he lets you observe for yourself...
...talketh down the dollar cannot talk it back up." Of course, the stability of the American economy and the world financial system demands a decisive policy that goes much beyond talk. It should be a threefold strategy, of immediate steps to stem the dollar's decline, medium-term measures to correct the dollar's underlying weakness, and long-term reform that would stabilize the American currency inside a more certain monetary system. In sum, the U.S. can come to the aid of its currency if it takes a mix of actions...
REFORM THE MONETARY SYSTEM. Beyond these short-and medium-term measures, there is need for long-range changes in the world's money system. Since early 1973 the system has been based on floating rates: a currency's value is set by supply and demand on money markets. This replaced the old system in which rates were firmly fixed in relation to gold and the dollar. The earlier structure had served fairly well for almost three decades but then had broken down because exchange rates could be changed only abruptly, sharply and in a crisis atmosphere...
...annual gathering of the International Monetary Fund and the World Bank is not so much a meeting as a medium: a chance for about 3,500 bankers and finance officials to indulge in top-level gossiping, politicking and partying. At last week's session in Washington the talk, in refreshing contrast to last year's meeting, was surprisingly upbeat...
...hotel. I've done a lot of theater because I want to. If I'm away from it for a while I miss the audience contact, and even more the joy of creating something from start to finish. Film is still a director's medium...