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Among the musicals, Camelot came from T. H. White's The Once and Future King, and novels were the sources of the less than momentous Tenderloin and Do Re Mi. Wildcat and The Unsinkable Molly Brown were originals, but pretty bad, leaving top honors again to an import-the jaunty and charmingly French Irma La Douce. The only other works at least technically original were dreary farces-Send Me No Flowers (closed), Under the Yum-Yum Tree, Critic's Choice. In the forthcoming The Conquering Hero and Carnival, Broadway is not even adapting books, but reconverting old movies...
...government-sponsored auction was held to pay for this year's 150th anniversary celebration of Argentina's independence from Spain, but the bidders were not driven by overpowering patriotism. New imported cars, particularly those big shiny Detroit wagons, are almost impossible to get in austerity-conscious Argentina; import duty on foreign cars is 300%, and, except to diplomats, no import permits at all are issued for cars weighing more than 3,300 lbs. Argentines were simply seizing a rare opportunity to buy-no matter how high the bidding went...
...King to hand over the effective reins of government to Feisal. Under the guidance of experts on loan from the International Monetary Fund, Feisal proceeded to balance the budget by severe maneuvers, even slashing the allowances of pampered princelings and forbidding, for a period of six months, the import of a single Cadillac. Under Feisal, both prices and the public debt declined, while the rial stabilized at about five to the dollar...
Pass the Handout. Flying home from his eight-week trip to the Soviet bloc. Wise Man Che Guevara brought his present for the newborn Cuba: agreements that make Cuba's shattered economy dependent on Russian handouts. The Reds promised to import such Cuban goods as hides and sugar, unneeded in Russia; they promised to send to Cuba a $250 million aid program, including an oil refinery, a steel mill, power plants. Added the joint communique: in case the U.S. "carries out its threat of not buying more sugar from Cuba," Russia commits itself to purchase 2,700,000 tons...
...keep the inflation-ridden economy from collapsing, Kubitschek must juggle his debts faster and faster. Caught short of dollars two months ago and faced with a six-month, $87.7 million repayment installment to the Export-Import Bank and the International Monetary Fund, Brazil arranged a six-month payments moratorium-but the next Brazilian ad ministration will have to resume payments. To meet the internal demand for dollars, the Bank of Brazil recently started selling (at a discount) certificates for dollars deliverable within 90 days. The first batch of $80 million must be redeemed in dollars beginning...