Word: rios
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...childhood in tough old Chicago [May 31] you're making a liar out of me to my wife. "Swede" Algren and I were close friends from the time we were 13 until after college, including a memorable Depression summer when we hitchhiked down to the lower Rio Grande valley in Texas...
...second straight Grand Prix title. > Brazil's basketball team: the world championship, for the second time in a row, with an 85-81 victory over the U.S. in the final game of the seven-nation round-robin tournament. Playing before a wildly partisan crowd of 22,000 in Rio de Janeiro, the undefeated (6-0) Brazilians broke a 39-39 tie at the start of the second half, had no trouble staying in front when six U.S. players fouled out. Yugoslavia upset the Soviet Union 69-67, to take second place. The thrice-beaten Americans wound up fourth...
Votes & Excuses. Where poverty and underemployment are everyday realities and privilege is taken for granted, self-seeking politicians underwrite featherbedding to win votes from powerful unions, and then seek out economists to provide scholarly excuses. Says Brazil's Juvenal Osório Gomes, a government economist: "Only a violently capitalistic regime without any social sentiment would threaten workers with the abject misery of having to look for a job and not finding it. Brazil is not violently capitalistic and never will...
Officially, the power company (known in Rio simply as "The Light") blames the rationing on a generator breakdown and a prolonged drought affecting hydroelectric reservoirs. But a Light executive privately concedes: "Even if the drought hadn't come, Rio would have had power rationing this month." Rio's power demands have been growing at an average of 8.3% per year, and the Light's capacity now falls 100,000 kw. short of peak-hour demands. Relief is not expected until the federal government's Furnas Dam project, with 600,000 kw. of installed capacity, goes into...
...called foreign-owned utilities "a cadaver in the road to good relations" and has announced plans to buy out all foreign utility companies in the country. Goulart has already negotiated the purchase of International Telephone and Telegraph holdings, of American & Foreign Power Co. installations, and the Light's Rio telephone company. Since he has paid fair prices so far, and the Light expects to be nationalized sooner or later, the Light would just as soon it were sooner than later. Let someone else listen to the complaints...