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...Public. As Castello's successor, Costa e Silva is taking a new approach to Brazil's economic problems. Where Castello blamed excess demand for the country's inflationary troubles and tried to limit the amount of money in circulation, Costa's government is putting emphasis on industrial development to help meet the demand. Thus, in a recent three-year plan setting down guidelines for his administration, Costa called for an "acceleration of development" first and "containment of inflation" second. All that Costa seeks is "relative stability of prices" and "inflation inferior to the year before." Such...

Author: /time Magazine | Title: Brazil: The Price of Unpopularity | 7/28/1967 | See Source »

...fatalistic faith in chance," California's Bishop Gerald Kennedy says of his fellow ministers: "The boys today don't particularly make an issue of it." As for the Catholic Church, it has always held that gambling itself is neutral, that it becomes evil only when it involves excess, damage to one's family or connection with crime. Boston's Richard Cardinal Gushing says that if Massachusetts passes a lottery bill, he will be the first to buy a ticket...

Author: /time Magazine | Title: Essay: WHY PEOPLE GAMBLE (AND SHOULD THEY?) | 7/21/1967 | See Source »

...remain. Currently under attack is Georgia's "employable mothers" law, which allows counties to cut Negro mothers off the family-aid rolls whenever farmers need $2.50-a-day crop pickers. In 21 states, grants may not exceed a stated maximum no matter how many children a family has. Excess children must live in other homes or go hungry...

Author: /time Magazine | Title: Welfare: Revolt of the Nonpersons | 7/21/1967 | See Source »

...White Sox are probably the only team in baseball that has to weigh in for work; a coach guards the scales and prescribes for excess lard. Stanky maneuvers ballplayers as if they were robots and he owned the patents: he has been known to use as many as three pinch hitters for one turn at bat. In his "gogo" offense, even pitchers steal bases, and a batter who reaches first base is considered to be in scoring position. Against Baltimore last week, Chicago Leftfielder Jimmy Stewart scored from first on a single to leftfield-because the Orioles never imagined...

Author: /time Magazine | Title: Sport: Brat's New World | 7/7/1967 | See Source »

...troubles center in the field it dominates: man-made fibers. As the leading U.S. maker of nylon, Dacron, Orion and several other synthetics, Du Pont depends on textile companies for a third of its sales volume. But the textile industry skidded into a sharp slump this year because of excess inventory, rising imports and falling prices. And that downturn caught chemical companies in the midst of a major expansion of fiber-making plants. One result is that the wholesale price of Dacron has dropped 40% in the past year. The problem, says Copeland, "can well be with...

Author: /time Magazine | Title: Chemicals: Painful Adjustment at Du Pont | 6/30/1967 | See Source »

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