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...growing by a million a year, and some 360,000 youngsters enter the labor market annually, only to find jobs largely lacking. To feed this fecund people, Marcos must produce 4,600,000 tons of palay (unhusked rice) in the coming year; even at that he will have to import 600,000 tons-at a cost of $65 million...
Angering the Competition. The principal product of the Guayama refinery, however, will be 24,800 bbl. daily of motor fuel for U.S. East Coast markets, in which Phillips is expanding. Since all oil imports are under quota, a presidential proclamation was required to enable Phillips to ship oil products from Venezuela to Puerto Rico. Other oil companies will have to cut their import allotments to accommodate Phillips. Result: the two-year period in which the Interior Department studied the Phillips-Puerto Rican application produced a bitter oil-industry battle...
...Oliveira Campos, 48, a U.S.-trained economist and Brazil's onetime Ambassador to the U.S. Campos is doing more than trying to reform an economy; he is trying to discipline a national mentality. For a starter, he eliminated $200 million a year in government wheat, oil and newsprint import subsidies, thus halting a wasteful drain on Brazil's treasury. He then ended labor's inflation-producing 75%-to-100% wage hikes, slowed down the money presses, and began reforming Brazil's sievelike tax system to plug loopholes and improve collections...
...form of religious training. But just as Protestant Sunday schools suffer a high teen-age dropout rate, only 12% of Jewish boys carry on with religious training after their bar mitzvahs. Despite starting salaries of $6,000 a year, there is a nationwide teacher shortage. Many schools have to import teachers from Israel, or settle for "Jewish baby sitters," whose piety outruns their professional skills...
...Bethlehem Steel, he has not only built one of the world's most successful manganese mining operations, but has managed to avoid the attacks that Brazilian nationalists have made on other foreign interests. By pushing iron-ore exports, Antunes expects Brazil in time to earn enough abroad to import coal, and so become one of the world's major producers of steel...