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...member C.G.T.. fitted in with Perón's vague variety of Mussolinian corporate-state philosophy, but as usual his reasons were practical rather than philosophical. By setting up a business federation he expected to 1) broaden and stabilize the base of his power, and 2) boost the nation's industrial output. Said Perón, in a recent speech sounding remarkably different from the rabble-rousing Perón of yesteryear: "We may get some results if we try to persuade people to produce more by appealing to their national spirit and ethical principles...
...progress. Director Morley had on display last week the pick of its 4,000 works, most of them donated by enthusiastic San Francisco collectors. Included in the current anniversary show are the outstanding works from the museum's San Francisco Bay area annuals, which have given a boost to such artists as Dong Kingman and the late Matthew Barnes, a survey of Latin American art, important works by Braque, Klee, Matisse and Franz Marc. For the gala opening, the museum unveiled nine handsome new donations to the museum, including Georges Rouault's Sea of Galilee, and bronzes...
Blast furnaces glowed and roared in the steel centers of Pittsburgh, Youngstown and Chicago last week as the steel industry jacked its operating rate to 88.2%, the eighth consecutive weekly boost. According to this key barometer of the economy, the outlook has seldom been better. Last week's scheduled output of 2,129,000 tons was the best in two years, within striking distance of the alltime high of 2,324,000 set the week of March 23. 1953. With order backlogs soaring, the trade magazine Iron Age said: "If the rate of incoming business holds, raw steel output...
COFFEE PRICES will come down for U.S. consumers as a result of Brazil's devaluation of its coffee dollar. To boost lagging coffee exports, Brazil has cut the dollar-cruzeiro exchange rate to exporters 15%, thus chopping the minimum export rate for Brazilian coffee from...
...proof of that fact, private U.S. investment in Latin America already totals $7 billion. But to give a modest 2% annual boost to its low standard of living, Latin America needs $7.25 billion a year in new investment, v. the $5.9 billion now being generated from all sources. Even if Latin American capital could be tapped more effectively, another $1 billion annually will be needed from abroad...