Word: disequilibrium
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Dates: during 1970-1979
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...they also--particularly the dancers and the bathers--gave him leeway to play fast and loose with neo-classical conservatism. He tested the capacity of elegant design to withstand challenging poses. With the dancers, Degas takes on very difficult ballet postures and flirts wtih disequilibrium. With the bathers--and some of the horses--he plays the voyeur, catching his subjects in ungainly and at times vulgar contortions. Yet throughout his eye for "arabesque" (a term borrowed from dance, meaning "overall pattern of line") prevails, and his statuettes withstand his often perverse challenges. It is as if Degas wanted to tease...
Directors of the International Monetary Fund were shocked. Canada, they grumbled, was not playing by I.M.F. rules. Those rules require each country to maintain a fixed value for its currency, and allow change only when a nation's finances get into "fundamental disequilibrium," a stage that Canada had not quite reached. Still, what was to be gained by Canada's waiting for an acute crisis to develop-as the British, French and Germans have done in the past-before making long-overdue rate changes? Although the I.M.F. rules are designed to promote stability in world finance, they have...