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Dates: during 1970-1979
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Benton gives Kramer vs. Kramer its lifelike quality by clearing away the artifice that most American film makers use to shape human experience into so-called entertainment. His screenplay strips away unnecessary detail and background from Gorman's novel; his direction concentrates on the characters' feelings above all else. Music is never used to heighten a scene, and the camera moves only when the actors' wanderings force it to do so. Benton's focus is so tight that Kramer shows a far more domestic and grittier view of Manhattan than the Allen and Mazursky films...

Author: /time Magazine | Title: Cinema: Grownups, A Child, Divorce, And Tears | 12/3/1979 | See Source »

Meryl had auditioned in New York occasionally while still at Yale. When she moved to the city, directors scrambled to use her. Her first professional appearance was at Lincoln Center in Joseph Papp's production of Trelawney of the Wells. Next she played in a program of two one-act plays and did the seemingly impossible: she became both a slovenly, bovine Southerner in Tennessee Williams' Twenty Seven Wagons Full of Cotton and a thin, sexy secretary in Arthur Miller's A Memory of Two Mondays. Says Director Arvin Brown: "The audience didn't realize that...

Author: /time Magazine | Title: Cinema: A Mother Finds Herself | 12/3/1979 | See Source »

...drop in U.S. oil use should have given the dollar a needed boost on money markets. But the greenback twitched indecisively as traders remained mesmerized by the theatrics of the Iranian drama. Since the freezing of Iran's money in U.S. banks, some of the counterthreats from Tehran have been plainly bluster. "We have the dollar by the throat," chortled Banisadr. Not quite. Though the National Iranian Oil Co. announced that it no longer will accept dollars for oil, Iran needs the U.S. currency to pay for imports of everything from Australian wheat to Japanese machinery, which...

Author: /time Magazine | Title: Business: Spread off Petrobrinkmanship | 12/3/1979 | See Source »

Chase responded that the Iranian statement was not correct. It and the six other U.S. banks in the syndicate voted, over the protest of the four non-U.S. banks involved, to declare the default. The U.S. banks could use the Iranian assets frozen a week earlier to offset their own $300 million share of the loan, but the non-U.S. banks (two Swiss, one British and one Canadian) had no such recourse. Their only options were either to activate a so-called cross default clause and foreclose on the Iranian government in court for the remaining $200 million...

Author: /time Magazine | Title: Business: Spread off Petrobrinkmanship | 12/3/1979 | See Source »

...chance to replenish its own supply. The Fluosol is gradually excreted; after 65 days, half of it is gone. Developed in Japan at Kobe University and the Green Cross pharmaceutical company, it is now being tested there in human patients. If artificial blood is eventually approved for general use, it will be a boon not only to Jehovah's Witnesses, but in any case where blood is not easily obtainable, or when there is no time to match blood types-on the battlefield, for example, or at the scene of accidents...

Author: /time Magazine | Title: Medicine: Bionic Blood | 12/3/1979 | See Source »

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