Word: reformations
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Dates: during 1960-1969
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...When newspapers thundered about inferior equipment, Air Force Chief Barrientos invited news men to pick a chute from the same batch that the recruits had used. He then bailed out over La Paz airport. The whole country cheered his courage, and before long he was making speeches calling for reform and denouncing Bolivia's politicians. Then the assassination attempts began. One bomb exploded in his auto (he was elsewhere), another went off under his bed (he was not home), a Molotov cocktail was hurled at his bedroom window (it fell short...
...soldiers ousted Goulart not just to rescue the country from Communism but also to impose a semblance of order on its chaotic political and economic life. In the twelve months since, a calmer, somewhat chastened Congress has passed more than 200 new laws and constitutional amendments. Among them: agrarian reform, a complete income-tax overhaul, and a law revamping the banking system. The national budget has been cut by 30%. The cruzeiro currency, once skyrocketing toward its namesake Southern Cross, has started to level off, and the cost-of-living increase, Brazil's chronic bugaboo, has declined...
Thirty years ago, the great American legislators had their specialties: TVA was the brainchild of George Norris, labor reform of Robert Wagner, before the New Deal adopted them. Today, legislation comes from the White House, armed with expert testimony to ward off any amendments. None of today's Congressman will leave a legislative monument as almost all the great New Deal senators...
Strong Motives. The continuing air of unease lent urgency to the cry for reform of the international monetary system, in which the world still depends heavily on dollars. The U.S. Joint Congressional Economic Committee last week proposed that all hard-money nations should at long last kick in to create a new pool of reserves, thus sharing with the U.S. both the burdens and rewards of serving as banker to the world...
...write the Federal Reserve denying that his men had withheld any reports that "it requested." But the revelations of friction between the Comptroller, the Federal Reserve and the Federal Deposit Insurance Corporation, all of which now divide the task of bank regulation, produced strong demands for some sort of reform. In a San Francisco speech, James L. Robertson, one of the Federal Reserve's seven governors, declared that today's "tangle of overlapping responsibilities, conflicting philosophies and procedural cross-purposes cannot be tolerated much longer." Merely "knocking heads together" will not solve the problem, said Robertson. "The defect...