Word: brazil
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Dates: during 1950-1959
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Inflation has dealt a harder blow to South America than to any other region in the world. Of the 86 nations in the U.N.'s global cost-of-living index, Bolivia is in first place. Chile is second, Brazil and Argentina rank high. "A fire burning down our house," Bolivia's President Hernan Siles Zuazo calls inflation. "We will be lucky...
From his high-laced shoes (specially built up for his World War I injuries) and long wool underwear bulging beneath his socks to the paper holders into which he jams his long Sumatra or Brazil cigar, Ludwig Erhard has remained true to his staid Franconian upbringing. Though he now wears glossily tailored blue suits, their lapels are usually sprinkled with ashes. His youngest daughter is married to a Daimler-Benz executive. The son-in-law used to work for the High Authority of the European Coal and Steel Community in Luxembourg, but Erhard nagged .so persistently that a young...
...Indo-China, half the cars in Laos are German-made; in an auto race in the Belgian Congo, Volkswagen took the first eight places. The heavy-machinery firm DEMAG has built the first steel works in Egypt, Korea, Burma and the Philippines, and others for France, South Africa, Brazil and India. DEMAG-built furnaces now turn out some 37 million tons of steel a year round the world−13% of the world's product. Krupp's technicians are running up 41 waterside cranes in Pakistani ports, a dozen road-bridges in Colombia, a port coal-loading device...
...businessmen of the world, meeting in San Francisco, the world's prime economic problem is inflation. The economic disease may be relatively mild, as in the U.S., where prices have risen 3.6% in a year after staying level for four years. Or it may be virulent, as in Brazil, where living costs have risen at a rate of 20% a year for the past six years. None of the conference representatives had any trouble naming the chief causes: 1) the desire of everyone to consume goods faster than production−and the productivity of labor −can be increased...
Profits in Bottles. Some projects were agreed on in short order. One notable example: a syndicate to finance a $9,000,000 pulp-and-paper mill in Pernambuco, Brazil, set up by Norbert A. McKenna, partner in Wall Street's Reynolds & Co., and Roberto de Oliveira Campos, representing Brazil's National Economic Development Bank. And for some doubters, some of the best evidence of the opportunities for foreign investments comes from U.S. and Canadian businessmen who were stationed or have traveled abroad. Among the most persuasive...