Word: brazil
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Dates: during 1950-1959
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...gotten so bad, as a matter of fact, that a female rhinoceros in Brazil was elected City Councilman some time ago without once admitting she was a candidate. By a write-in, no less. Which all goes to show what a judicious "no comment...
...stinginess or economic domination, but simple indifference-a lack of attention in high places. Last week the attention was coming from all over. President Dwight Eisenhower dropped word that he plans to make a good-will visit to Latin America next spring, before his trip to Russia (likely stops: Brazil, Argentina, Uruguay, Chile). And politicians of every stripe were paying Latin America the ultimate compliment of playing expert...
...Toledo's Jeep-making Willys Motors surveyed the Brazilian market and with its distributors in Brazil organized Willys-Overland do Brasil, capitalized at $250,000, more than 50% from the U.S. mother firm, the rest from Brazilians. Now Willys do Brasil is South America's biggest carmaker (110,000 units scheduled for 1960), has a capitalization of $34 million, 55% owned by Brazilians, 35% by Willys of U.S., 10% by French investors. Half of its 6,000 Brazilian workers own shares, 95% of the Jeep parts are locally made, and Brazilians proudly call the product o Jipe Brasileiro...
Plow-Backs. In Brazil, 23 of the 56 top stocks on the Rio and São Paulo exchanges are joint ventures. Japanese interests hold 40% of the USIMINAS steel plant (annual capacity: 500,000 tons), U.S., Canadian, French and Israeli interests are partners with Brazilians in seven cement plants. In Argentina, Kaiser Industries, which makes 2,500 vehicles a month, is owned 51% by Argentine stockholders, 16% by the Argentine Air Force, 33% by the U.S. parent firm...
...area where investment firms guarantee 8% and manufacturing profits sometimes top 50%, investors are loath to accept less, and dislike U.S.-type management, which believes in building up large reserves, plowing profits back into expansion. Nevertheless, the investors seem to be swinging around to the U.S. concept. In Brazil, where U.S. owners in 1945 held 95% of the stock in 67 companies, today they hold 95% in only 17 companies, as local capital moves in to fill...