Word: budgeted
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Dates: during 1980-1989
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Director John Sayles turns a 1920 miners' strike into the low- budget epic Matewan. -- Shorts: Dirty Dancing and Mermaids...
...after years of mammoth U.S. budget and foreign-trade deficits, the situation today is radically different. The buying of America has virtually turned into an industry of its own, with sharp-eyed advance crews scouting out the country's most attractively undervalued treasures, researchers typing up thick intelligence reports on U.S. acquisition targets, finance teams huddling with investment bankers in Tokyo, London and elsewhere, and blue-chip law firms constantly at work drafting reams of tender offers, prospectuses and sale documents...
Foreign bargain hunters often pour enormous effort into their shopping. Michael Dornemann, a director of West Germany's Bertelsmann communications giant, flew to the U.S. more than 50 times over the past three years while deciding how his company should spend its $1 billion American shopping budget. Often taking the morning Concorde from Paris in order to put in a full day's work in the states, Dornemann visited more than 20 U.S. companies before choosing his recommended targets: Doubleday publishing and RCA records. The possibility of snagging both was considered so unlikely that he and his boss, Bertelsmann Head...
...knows how to anchor a strong story -- here, the real-life massacre that led to the West Virginia mine wars -- in a fresh setting. He also knows how to make good-looking movies on the cheap. This period film, with a huge cast, cost only about $4 million, a budget that was met under the supposed financial restrictions of a full union crew. And in the rich umbers of Haskell Wexler's cinematography, Matewan does look great...
...below 6%, pressing economic problems like the deficit and the trade imbalance remain abstract to most voters. Chastened by the experience of Walter Mondale, most Democrats (save for Swim-Against-the-Tide Bruce Babbitt) are reluctant to propose higher taxes. An example of the painless-dentistry approach to the budget is Dukakis' suspect claim that up to $110 billion can be raised by stronger enforcement of existing tax laws...