Word: brazil
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Dates: during 1950-1959
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Faced with ever-increasing trade debts abroad and inflation-fed popular unrest at home, President Getulio Vargas last week summoned back to his side his most famed oldtime lieutenant. As his new finance minister, he chose Oswaldo Aranha, 59. Like Getulio, a gaucho from Brazil's south, Oswaldo was field commander of the 1930 revolution that first brought Vargas to power. In the heyday of the Good Neighbor policy, he became Vargas' popular envoy in the U.S. and his stoutly pro-allied foreign minister during World War II. As a member of the conservative opposition after...
...Trails, Lost-Cities [TIME, May 25] that the famous Colonel P. H. Fawcett, in common with nearly all other explorers of Amazonas and Mato Grosso, is not above grossly exaggerating the size of the Brazilian anaconda. Stories of sucurīs 40 to 50 ft. long are common in Brazil, but they always turn out to be third hand, and neither the snake nor the actual person who saw it can be located! Some years ago, R. L. Ditmars, curator of reptiles at the Bronx Zoo and one of the world's foremost experts on snakes, made an offer...
...years ago, in a hopeful effort to modernize Brazil's patchwork economy, the U.S. and Brazil set up a joint commission in Rio to pass on rail, electric power, and other projects suitable for development loans. In the spacious cordiality of the hour, U.S. officials predicted that the joint commission's work would bring Brazil from $350 to $500 million in loans from the U.S. Export-Import Bank and the World Bank. Last week, with only $122 million in such loans granted, the U.S. prepared to wind up the commission and send its members home...
Such concessions served to quiet Brazilian fears that the $300 million loan obtained last February to pay off dollar creditors might be lumped by the new U.S. Administration under the general heading of aid to Brazil, and thus used as an excuse to forget the rest of the joint commission's projects. They also helped make clear that, in the U.S. view, the basic question is not really whether Brazil should get development loans, but when. The Vargas administration would naturally like to start some badly needed projects right away. But Washington-notably the World Bank, which is supplanting...
Lost Trails, Lost Cities, by Colonel P. H. Fawcett. Absorbing memoirs of the jungles and savannas of remotest Brazil, by the famed explorer, who failed to return from his last expedition (TIME...