Word: indirections
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...both papers had expected to gain by joining forces to form a third agency, Chattanooga Publishing, which handled all business operations. Editorial staffs and editorial operations were entirely separate, but everyone was on the payroll of Chattanooga Publishing; expenses and income were split evenly. If the Times got an indirect boost because the Free Press boasted a larger circulation (63,418 to 55,615), the Free Press, on the other hand, accepted no liquor ads, yet shared the Times's earnings from all the liquor advertising in town...
What bothers MODEBRAS most is next October's indirect presidential election. ARENA'S candidate, former War Minister Artur da Costa e Silva, seems certain to win, since the balloting will take place in Congress where the government party has a large majority. MODEBRAS demands direct nationwide balloting for the presidency, but ARENA is not yet prepared to put its popularity to such a test. As a result, the opposition has decided to embarrass Castello Branco by refusing to enter a presidential candidate. Says one MODEBRAS member: "Any sort of opposition candidacy would help the government present itself, particularly...
...payments jumped to an annual rate of $2.3 billion in the first quarter, up from last year's $1.3 billion. Fowler also conceded that the U.S. has surrendered just about all hopes of achieving a balance as long as the war in Viet Nam continues. The direct and indirect costs of Viet Nam, he estimated, will increase the U.S.'s deficit by at least $1.4 billion this year...
...Equally important, profits are what make the stock market move; the price of a company's stock is determined essentially by its profits and prospects for earnings growth. Almost one-quarter of the nation's families now own stock; in addition, one-half of all Americans have indirect holdings in stock through pension and profit-sharing funds and variable-annuity insurance policies. The value of private U.S. pension funds alone climbed from $12 billion in 1950 to $77 billion in 1964, thanks in large part to rising profits and stock prices...
...want to operate within a constitutional framework, and the hard liners who demand more aggressive "revolutionary government." Finally, in a showdown last October, the hard liners forced Castello Branco to abolish Brazil's 13 political parties, pave the way for a government party called ARENA, and order indirect presidential elections this fall by Congress rather than by direct popular elections. Since ARENA controls 284 of Congress' 475 seats, its candidate is certain to be President. Recognizing this, Costa e Silva decided to make a bid for the job, and last December suddenly surprised everyone-including his friend Castello...