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...starter, the new government has canceled Brazil's $200 million-a-year wheat and petroleum import subsidies, cut the national budget 30%, and is promoting a bill that will create a National Monetary Council for stabilizing finance and trade policy. It also intends to cut back commercial credit for businessmen, hold down those famous 100% wage boosts Goulart liked to pass out to unions, expand exports by offering credit insurance...
...autostop. At border crossings, West German police have been known to halt a car and order the driver to take aboard a wholesome-looking stoppeur. Neatness counts, since it denotes respectability; so does a pair of knobby knees (male), because Germans like outdoorsiness. The thumb is a U.S. import; native custom dictates an erect forearm and a vigorous loose-wristed wag of the hand. One student last summer became king of the Autobahnen by carrying a sign that said: I KNOW A THOUSAND JOKES...
Whatever thy import drain...
...Marjolin, but the final program is still amazingly strong. It morally binds each of the Six to take such rigorous steps as levying new taxes to restrain consumer spending if it rises too fast, strengthening credit restrictions, holding wage rises to productivity gains, curtailing luxury housing, and maintaining liberal import policies to keep local prices down. The ministers even agreed to present their national budgets to each other for examination and discussion, and to limit yearly budget increases to 5%. The words "economic plan" never came up, but with the new program, the first joint economic policy ever voted...
...Italy's important export market of Argentina, where Olivetti has long built typewriters and calculators, an attempt to ship in other machines was almost completely cut off last year by Argentine import restrictions. In neighboring Brazil, inflation far worse than Italy's ate up Olivetti's profits. Heavily dependent on South American sales, damaged by the Italian spiral and drained by its effort in the U.S., Olivetti had insufficient income to cover the costs of its vastly expanded plants, which turn out products noted for their quality and design...