Word: jo
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...ostentatious drama, is itself a charade. (One of Levin's more interesting suggestions is that one of Hopper's best-known images, the row of empty-windowed shops raked by horizontal light in Early Sunday Morning, 1930, was probably derived from a Broadway theater set by Jo Mielziner...
Hopper never lost his grasp of the poetic possibilities of such utterances. It stayed with him right to the end and produced some miraculously unsparing images, notably the figure of his wife Jo, A Woman in the Sun, 1961, standing like a middle-aged caryatid on a plinth of golden light in the bare Hopperian room, wearing nothing but a cigarette. In it, the distances between wall and wall, window and sky, or the lit edge of the curtain and the worn radiant torso, take on something of the strangeness of the space in a good De Chirico. The body...
...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...