Word: shrewd
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Historical, Not Hysterical. Campos is far too shrewd to dream that he can turn the economy around overnight. "Our actions are based on historical-not hysterical-concepts," he says. Inflation is obviously the primary target, and as a first step, Campos hopes to slow the spiral to 70% this year. Even that would be a major victory, considering the current rate of 30% for the first quarter. By early 1966, if all goes well, he plans to get it down to a "normal"-at least for Brazil-10% to 20% annually...
...that I should"), but he likes to read books of a political nature. Among his recent favorites: J. Edgar Hoover's Masters of Deceit and Victor Lasky's J.F.K.: the Man & the Myth. Regularly, every two weeks, he plays with a bridge club, also enjoys an occasional shrewd game of poker. "He is a percentage player, not a chance taker," says a man who has often watched his game...
...model Bolshevik revolution was crushed in his own country, became secretary of the Comintern, then returned home to rule over fellow Finns as puppet president of the 68,900-sq.-mi. Karelo-Finnish Republic, carved out of the eastern portion of Finland by Russia during World War II. His shrewd bet on Khrushchev in the post-Stalin power struggles won him a return ticket to Moscow in 1956, a seat at the very top a year later, and finally that ultimate accolade of Communism, a niche for his ashes in the Kremlin wall...
Gentle, high-minded and peaceable stands the artist at his easel, mind, heart and soul intent on creation. Shrewd, suspicious and materialistic stands the artist in the marketplace, protecting his interests with a zeal that would make a pawnbroker blush. The most meaningful U.S. marketplace is the auction room at Parke-Bernet Galleries in Manhattan; and when Parke-Bernet announced for last week an end-of-season clearance sale of modern masters that promised to set prices, the art world got alert...
Psychology & Downturn. The shrewd reluctance of the optimists to push the good news too hard-many of them feel that President Johnson does that all too well-is based on their experience of what a boom psychology can produce. When they feel a boom coming on, businessmen often tend to overestimate the market for their products, stockpile inventories in anticipation of inflation and expand their capacity more than they will eventually need-thus helping to bring on an economic downturn. Just in case anyone felt that that could not happen again, President Johnson said last week: "I wouldn...