Word: jo
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...currently favored gimmick involves buying, at wholesale prices, box-loads of Bibles for $5 each. After holding them for one year, the investor donates the books Jo charity and takes a tax deduction of $20 for each Bible, the value set by the original owner. Another shelter under attack involves buying lithograph plates of an obscure artist, which gives the owner the right to produce 300 or so limited-edition prints. The investor might pay for this with $30,000 in cash, plus $120,000 in a so-called nonrecourse note, which does not have to be paid unless...
After subsiding for nearly a decade, inflation is now racing upward at the stunning annual rate of 106.8%. Ironically, that is even a little higher than the rate that prompted Brazil's generals in 1964 to overthrow duly elected President Joáo Goulart and establish a military dictatorship. Meanwhile, the Brazilian cruzeiro continues to plummet in value-from 26 to 54 per $1 during the past twelve months. Unemployment is climbing, and only a fraction of the young people entering the labor pool each year ever find jobs. One consequence: alarming crime rates in the ever more overcrowded...
...charge of managing the crisis is Planning Minister Antonio Delfim Netto, 52, the country's most powerful official, after President Joáo Baptista de Figueiredo. A cherubic, Chicago-trained economist, Delfim held the post of Finance Minister during Brazil's prosperous early '70s. He is convinced that the country can solve its problems only by aggressive growth, especially in exports, agriculture and the creation of new energy sources. Thus he is pressing ahead with development projects like the $10 billion Itaipu Dam, the world's largest hydroelectric project. As Delfim explained to TIME Buenos Aires...
...backlash against indexation is beginning to develop. Says Jo Anna Gray, a Federal Reserve economist: "Indexation only aggravates the type of inflation we now suffer." As salaries increase to meet prices, firms raise their prices again to pay for the higher wages. The end result is that cost of living adjustments create a perpetual inflation machine...
...leadership that Tito put in place has been functioning smoothly and appears to be proving itself capable of running the country without him. Among ordinary Yugoslavs today, concern persists, but the tension of the first days of Tito's final illness has given way to stoical acceptance. Said Jože Smole, Tito's former personal secretary and member of the Central Committee of the League of Communists: "We have very deep emotional ties with Tito, who is the symbol of Yugoslavia. But we do not expect something that will go against the law of nature...