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...once ran a $100 million annual deficit in spite of U.S. aid (discontinued in 1965), is now only $34 million in deficit on a much larger base ($569 million in exports and $603 million in imports). Meanwhile, foreign exchange reserves last year rose another 10% to $337 million. >Per-capita income, rising 4½% each year, has nearly doubled to $200. With prices stabilized the ordinary Taiwanese has begun to buy rice cookers and radios, and total savings last year amounted to $200 million, or more than twice as much as Taiwanese tucked away...

Author: /time Magazine | Title: Taiwan: The Model | 5/12/1967 | See Source »

...salaries, last in state aid to public schools. Though its two conservative Republican senators-Carl Curtis and Roman Hruska-have given the state an image of doughty self-reliance, it is not reluctant to accept federal handouts: in 1965 only five other states received more federal funds per capita. As it began its 100th-birthday celebration this year, Nebraska was the very paradigm of uncreative federalism...

Author: /time Magazine | Title: The States: New Way to Spell Nebraska | 4/28/1967 | See Source »

...still hopes. For all the hallelujahs, Brazil today-like all of its neighbors in Latin America-is faced with staggering problems that cannot be put off much longer. Brazil has South America's highest child-mortality rate (11.2%), its third highest illiteracy rate (50%), its third lowest per-capita income ($285), and one of its most ruinous rates of inflation (41%). About 1% of Brazilian landowners control 47% of the farm land. Side by side with a wealthy aristocracy dwell filth, disease and poverty so dismal that they rob men even of the urge to protest. The average life...

Author: /time Magazine | Title: Brazil: The Testing Place | 4/21/1967 | See Source »

...eradicate the inevitable result of Brazil's farm troubles: the sprawling belts of poverty and misery throughout the countryside, where 50% of Brazil's people try to scrabble out a living. In the Northeast, a barren, beaten land more than twice the size of Texas, average per-capita income is down to $100 a year, illiteracy runs 75% and the life span of the area's 28 million people has been cut by hunger and disease to an appalling 35. As the Northeast's Composer-Singer Geraldo Vandre wails...

Author: /time Magazine | Title: Brazil: The Testing Place | 4/21/1967 | See Source »

...from being isolated, the Basque country has boomed into Spain's most dynamic industrial area and one of its most prosperous. San Sebastián (pop. 149,000) is the nation's summer capital and most fashionable resort, boasts the highest per capita spending rate in all of Spain. Bilbao (pop. 357,000) is a throbbing city of steel mills and shipyards, whose skies are darkened by factory smoke by day and glow with the fires of blast furnaces by night. It is also Spain's banking capital, the headquarters of two of Spain's five...

Author: /time Magazine | Title: Spain: The New Basques | 4/7/1967 | See Source »

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