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...Less tangible but nonetheless real has been the department's stepchild status in Washington. Congress looks at the Post Office Department as one of the last big pork barrels. Appointments and construction schedules both remain matters of patronage. Because the Post Office charges the public for service, the chronic P.O. deficit - estimated at $1.2 billion for the current fiscal year - is a subject of congressional ridicule. Yet it is Congress that sets the rates, fixes wages, and writes other regulations that assure losses in most postal operations...

Author: /time Magazine | Title: The Administration: More Zip for the P.O. | 12/30/1966 | See Source »

When the 1964 Brazilian military coup ousted Leftist Joao Goulart and installed President Humberto Castello Branco, one of the country's most desperate needs was an infusion of private foreign capital. Goulart's free-spending ways had so fanned chronic inflation that the annual increase in the cost of living was nearly 150%. Foreign investors had started paring their spending plans. Many companies had contemplated shutting down and forgetting the whole thing; one, International Harves ter, did just that. Now, only 21 years later, a dramatic reversal is under...

Author: /time Magazine | Title: Brazil: Back with Backing from Abroad | 12/16/1966 | See Source »

...question for Heyns was whether Berkeley's unpredictable faculty, which passed the buck in the campus uproar two years ago, would support him. In a calmly delivered speech, Heyns told 1,000 members of the Academic Senate that the campus was faced with "a chronic condition" in which nonstudent agitators, in "one of the most unusual town-gown antagonisms in history," had made the campus a target for protest. He drew a burst of applause when he said, "There are hundreds of faculty members and thousands of students who are heartily sick of the unrest, turbulence and the tenuous...

Author: /time Magazine | Title: Universities: Cooling It at Berkeley | 12/16/1966 | See Source »

...produced 2,000 airplane engines per month during World War I, went on to develop the first truly U.S. engine (the Whirlwind J5, which powered the Spirit of St. Louis), and expanded his company in World War II to produce 142,840 engines and 26,269 military aircraft; of chronic bronchitis; in-New Rochelle...

Author: /time Magazine | Title: Milestones: Dec. 2, 1966 | 12/2/1966 | See Source »

...draft cut that struck many a voter as a blatantly political move. He issued favorable economic figures to blunt the inflation issue (Pollster Lou Harris reported afterward that it had proved a particularly injurious factor for the Democrats nonetheless). He took a savage swipe at Nixon, thereby giving the "chronic campaigner" a boost that may find its way into the history books. And, in denying that he had been planning a last-minute blitz of twelve to 15 states, Johnson advertised his lack of veracity to millions who were even then preparing for his visit...

Author: /time Magazine | Title: Elections: A Party for All | 11/18/1966 | See Source »

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