Word: esteli
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...years, the Sao Paulo Bienal, held in odd-numbered years in Brazil's larg est city, has played poor relation to the more prestigious Venice Biennale, which is held in even-numbered years. Nonetheless, the ninth Sao Paulo Bienal, which is beginning its three-month run in the city's Niemeyer-built exhibition hall, this year bids fair to rival Venice...
This week, however, British mariners can take hope. At the same Clydebank shipyard of John Brown & Co., Ltd. where the Queens were launched, Queen Elizabeth II will smash a champagne bottle to send the Cunard Line's new est flagship down the ways. The vessel, known up to launch time as "Q4" or "Hull No. 763," is slightly smaller than the Queens and, owing to modern materials, vastly lighter (58,000 tons v. Elizabeth's 82,997). And, to the relief of a British government that is underwriting much of its cost, it will also be more economical...
...Thief of Paris. The outlaw has been an object of fascination for the French cinema from Pepe le Moko to La Guerre Est Finie. In Thief, the subject for study is Jean-Paul Belmondo, an impenitent housebreaker operating in the gleaming fin de siecle Paris...
...horse racing these days, the road to riches obviously starts in Panama. Last year Panama's Braulio Baeza took $2,951,022 in purses, second high est total in history; his countryman, Manuel Ycaza, has won more than 2,000 races in eleven years. The best grass-course rider in the U.S. is Heliodoro Gustines, and of the eleven top money winners so far in 1967, four are Panamanians: Baeza, Jacinto Vasquez, Lafitt Pincay Jr. and the winningest jockey of them all, Jorge Velasquez, 20. With 248 victories by last week, Velasquez seems almost certain to become the third...
...normally supply 44% of the money to finance homes; mutual savings banks and commercial banks each provide another 14%. Thus 70% of the $275 billion tied up in residential loans (mostly of 20-to 30-year duration) comes from passbook savings subject to almost instant withdrawal. When inter est rates rise rapidly, S & Ls and savings banks are caught in a pincers. To keep their savings accounts, they must pay higher interest, but their income from existing loans remains fixed. So they curb new lending...