Word: reporter
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Dates: during 1940-1949
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Like Brazil's five-year SALTE Plan-short for Saude (health), Alimentos (food), Transporte (transport), Energia (power)-the report recognized that all sectors of Brazil's economy need shoring up. It offered a wealth of specific advice on raising industrial capital (by limiting real-estate investment, which in some years absorbs as much as two-thirds of Brazilian savings), boosting manpower (by vocational training and selective immigration), improving transportation (by coordinating transport services and expanding storage space...
Money from Home. Discussing investment from abroad, the report passed gingerly over the touchy political subject of Brazil's undeveloped oil resources, recommended that the country: 1) modify its laws to guarantee outside investors fair treatment, 2) make an "investment treaty" with the U.S. which would eliminate the practice of double taxation on profits earned abroad by U.S. businessmen. But Brazilians should not expect-nor should they want-such foreign investments to supply any great proportion of their capital needs. Progress, said the report, "should, in the main, be financed with domestic funds. Only thus can an excessive future...
...report's most controversial sections dealt with the problem of how much build-up to prescribe for industry, as compared with agriculture. It was no secret that Commission Aide Euvaldo Lodi, president of the National Confederation of Industry (Brazil's N.A.M.), had argued heatedly in favor of industrial development, even charging that some U.S. commissioners wanted to leave that field wide open for fellow yanquis. But the commission's finding was that Brazil still lacks resources and equipment for a general advance on its entire economic front. Because stepping up industry would require a prior boost...
From Germany's Landsberg Prison (where his friend Adolf Hitler once wrote Mein Kampf), ex-Gunmaker Alfred Krupp denied a report that he passed the time making toy guns. The fact was that Krupp was using his twelve-year term to resume the trade of his ancestors; he had become a locksmith...
Unlike retiring President Davis, who was happier editing Swift than running a college, Benjamin Wright is no stranger to administration. He was one of the authors of the 1945 Harvard report, General Education in a. Free Society (TIME, Aug. 13, 1945). As chairman of Harvard's Committee on General Education, he has spent the last three years in charge of an experimental program to divide the freshman curriculum into three balanced spheres: the humanities and the natural and social sciences...