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...blocks of stock shortly before announcement in mid-1971 of the settlement-an announcement that temporarily knocked down the stock price. Then the assault was heated to new intensity as Columnist Jack Anderson (TIME cover, April 3) published authentic-looking ITT memos describing a 1970 plan to prevent Marxist Salvador Allende from taking office as President of Chile by causing "economic collapse" in that country. And most recently, Democratic politicos have been decrying the fact that ITT has paid only relatively modest current federal and Canadian taxes -less than 25%-on its mammoth earnings...

Author: /time Magazine | Title: CORPORATIONS: ITT's Big Conglomerate of Troubles | 5/1/1972 | See Source »

Contagious. Originated about three centuries ago by escaped slaves hiding in the scrublands around the coastal city of Salvador, it was designed as a form of self-defense; the slaves used it with devastating effect against owners and police trying to recapture them. When capoeira was outlawed by alarmed authorities, Brazilians set it to music and turned it into a kind of ritual dance; that way, if they were seen practicing capoeira, they could say that they were merely dancing. It was finally legalized in 1937, and in the past few years has gained broad popularity-as a folk...

Author: /time Magazine | Title: Modern Living: New Kick in Brazil | 5/1/1972 | See Source »

Leader of capoeira's transformation into respectability is Manoel Does Reis Machado, now 71, who is called Mestre (Master) Bimba by his devotees. A renowned Salvador rowdy as a youth, Bimba took up capoeira seriously in his late teens and after several prison terms opened an academy to propagate it. In the mid-'30s, after he whipped three rivals on the same afternoon, his reputation began to spread...

Author: /time Magazine | Title: Modern Living: New Kick in Brazil | 5/1/1972 | See Source »

Today Bimba runs the most popular academy in Salvador. Most of his students are enrolled at local high schools and universities. There are also doctors, engineers and lawyers among his clients and two former state governors among his alumni. The average student attends classes for six to eight months, progressing up the proficiency hierarchy from blue neckerchief on to red, yellow and white. All students are given a capoeira name by the master: Fer-de-Lance and Strong-as-a-Rock are two examples...

Author: /time Magazine | Title: Modern Living: New Kick in Brazil | 5/1/1972 | See Source »

National Sport. Salvador, where it all started, has 36 capoeira centers, Rio and Sao Paulo have around 30 each, and there are several in state capitals like Recife and Belo Horizonte. "It's a national sport already," says Folklore Authority Waldeloir Rego. "Everyone knows the steps...

Author: /time Magazine | Title: Modern Living: New Kick in Brazil | 5/1/1972 | See Source »

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