Word: nomics
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...Quadros is keenly aware, his eco nomic austerity program is likely to jeop ardize his political popularity. But the reforms he promises - antitrust legislation, land reform, a general tax overhaul -should stand Brazil in good stead abroad as well as at home. Last week, as President Kennedy declared such reforms to be one of the conditions of U.S. aid to Latin American nations, Quadros sent special envoys to both the U.S. and Europe to arrange stretch-outs of old debts - and to investigate the chances for new loans...
...peasants appear to be trustingly behind the new regime, though many in the middle class, which helped bring it to power, have long since become disenchanted. The Roman Catholic Church is stirring in opposition. The press has been silenced, but in the streets much vocal dissent is heard. Eco nomic problems have been postponed, not solved. And some kind of dissension is astir in the ranks of the leadership. Fidel...
...around the world, while closing the missile gap that it inherited from the Democrats. "The Eisenhower Administration today is putting 40 times more into [long-range] missiles each month than the previous Administration did in eight years." The Economy. At home, the Administration has spread the benefits of eco nomic prosperity "not by Government orders, edicts or controls" but by promoting hands-off free enterprise, which "you know works better than those of little faith in the American people give it cred it for." Items: PRICES. Rose "48% in the seven Tru man years," 11% during the Eisenhower years...
...real news of the President's Eco nomic Report to Congress last week is not prosperity-for, by now, the whole world knows that the U.S. is fabulously prosperous, and expecting to be more so. The real news is that after three years in office the Eisenhower Administration has discovered for Government a new economic role that is as fundamentally different from the New Deal as Franklin Roosevelt was from Herbert Hoover...
Welcome Contrasts. The Russian eco nomic penetration of the Middle East has the U.S. State Department worried, and with reason. But some of the journalistic hand-wringing going on last week was, in effect, handing the Russians a greater victory than they have yet won. A single U.S. construction firm, Morrison-Knudsen, has put up more projects in southern Afghanistan than all the flashy grain elevators and oil tanks put up by the Russians in Kabul. The Russians have a talent for getting more propaganda value out of their shadows than the U.S. does out' of its substance...