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...modern Brazil but also a rather exclusive one: both Costa and his predecessor are former army generals whose power rests as much on military support as on constitutional provisions. Yet last week, as he was inaugurated in the capital of Brasilia, Costa showed by word and deed that he will be no carbon copy of outgoing President Humberto Castello Branco...

Author: /time Magazine | Title: Brazil: A Post of Moral Command | 3/24/1967 | See Source »

...frequently in church preaching, the indulgence was made out to be some sort of magic: a good deed automatically got its reward, regardless of the disposition of the doer's soul...

Author: /time Magazine | Title: Protestants: Obedient Rebel | 3/24/1967 | See Source »

...transformation can be traced largely to the board's four junior members-all economists, all appointed since 1961, all independent enough in word and deed to blur old liberal-conservative labels, flout traditions, flaunt new ideas. Dewey Daane, 48, a Harvard-trained former Treasury aide, likes to call himself a "neo-Keynesian swinger." His was the key vote in the board's 4-3 decision to raise the discount rate-the interest that the Fed charges member banks for borrowing-from 4% to its present 41% in December 1965. George Mitchell, 63, onetime director of finance...

Author: /time Magazine | Title: Banking: Billion-Dollar Decision | 3/24/1967 | See Source »

...actor cannot fail. It might be truer to say that he can never wholly succeed. The part demands the range of a concert virtuoso, for Hamlet is both gentle and brutal, passionate and detached, slow to act yet violent in action-a volatile tangle of will, thought, word and deed. Hamlet is also the first supremely self-conscious hero to tread the stage. This is where Richard Pasco's failure is most manifest. He portrays a computer's Hamlet, mechanically feeding himself punch cards marked Father's Ghost, Ophelia, Laertes, Horatio, Polonius, Claudius, Gertrude, Rosencrantz and Guildenstern...

Author: /time Magazine | Title: Theater: Mocking Bard | 2/24/1967 | See Source »

Capitalists in Communist China? In deed yes, says Barry M. Richman, a professor at U.C.L.A.'s Graduate School of Business Administration and a vet eran Sinologist. Writing in the Harvard Business Review, Richman describes Mao's country as "a land where some 300,000 capitalists still receive interest on their investments, and where many of them are still serving as managers of their nationalized enterprises." Striking a Bargain. Richman, a Ca nadian citizen, toured China for two months last spring, found that many businessmen had not only survived but thrived on Red soil. Though small-stuff storekeepers...

Author: /time Magazine | Title: Red China: Capitalist Chameleons | 2/3/1967 | See Source »

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