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...teamwork among central bankers. Perhaps more than any other institution, the B.I.S. helps knit such personal ties. In addition to the work sessions last week, there were teas, cocktail parties, receptions and dinners for delegates and their wives-and the traditional gourmet stag lunch at Basel's venerable Schützenhaus restaurant. "The B.I.S.," says Economist Robert Triffin, Yale's famed international monetary expert, "is partly a country club and partly a church-to maintain the dogma of central-bank independence from governments...
...Wean 4 0 0 0 Mapes 4 1 1 0 G'dman 5 0 2 1 H'ff'r'n 5 0 0 0 Zoya 4 1 1 0 H'r'l'we 4 2 2 0 W's'n'ski 4 0 1 2 Sch'f'ld 1 0 0 0 Shaffer 2 0 0 1 Dunn 1 0 0 0 Totals...
Sunrise Serenade. The Zurich bank, which occupies sleek second-floor offices on the Schützengasse, is a Swiss-chartered joint stock company with initial assets of $2.3 million. It has been christened Wozchod Handelsbank, or Sunrise Commercial Bank; Chairman Albert Nikolaevich Belishchenko, 36, a career banker who was formerly vice-director of Moscow's Gosbank, says the name refers to the spaceships that the Russians launched in 1964 and 1965. Belishchenko takes pains to allay Swiss fears that Moscow will use the bank to dump gold and otherwise disrupt the tiny nation's financial ties to other...
...They are exploiting the human eye's capacity to perceive motion, and their work is the newest watchword on the fast-moving international gallery scene. Manhattan's avant-garde Jewish Museum is currently showing 102 works by kineticism's established practitioners, Jean Tinguely and Nicolas Schöffer. In Boston's Institute of Contemporary Arts, Matisse's grandson Paul is showing his Kalliroscope, an oozing suspension of metals in volatile liquids. An exhibition by kinetic experimenters will open in the University of California's art museum in Berkeley this March...
...NICOLAS SCHÖFFER, 53, a Hungarian-born Parisian, builds Erector set-like perforated grids, convex mirrors and metal latticework. He views these not as art works but rather as the medium to express his vision of "spatiodynamics." His largest work to date is his 170-ft.-tall computerized Cybernetic Tower in Belgium, which emits sounds of street noises mixed with electronic music. Other works blink, twinkle, and swathe the space around them with elusive illuminations, sometimes changing 300 times a second like whirling dervishes of light...