Word: brazil
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Dates: during 1950-1959
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...toughest town in Brazil is grimy, industrial Caxias (pop. 136,000), on the outskirts of Rio de Janeiro. Its political boss is Federal Deputy Tenorio Caval-canti, who sports a beard, a flowing cape, a revolver, a bulletproof vest and 47 wounds from various shooting scrapes. He owns real estate, a newspaper and a steel-gated house, and he has boasted that he could hold it against a siege. One morning last week while Tenorio was away, 200 troops rolled up in armored trucks, with bazookas and machine guns, and cracked the fort without a shot. Tenorio's henchmen...
While U.S. firms with high credit ratings can still make short-term loans at 4%, British businessmen must pay 51%. In Germany, Japan, France, Brazil and Greece, interest rates run anywhere from 7% to 12%. For smaller companies, the effective rate often is much higher, reaching 25% or more annually. Even at such rates, demand so far outstrips supply that companies are hard-pressed for expansion capital, are turning increasingly to profits to get the funds they need. In Britain, West Germany and Belgium, some businessmen are plowing up to 60% of all profits back into their firms...
...Haberland, 56, who ran two Bayer plants during the war and was picked by the British at war's end to direct the combine of Farben plants that now make up Bayer, the company is rapidly moving into foreign markets. Burgeoning Bayer has recently opened plants in Argentina, Brazil and Chile; it is building another in Mexico and, together with Farbwerke Hoechst, will add still another in Pakistan. In the U.S. it owns a 50-50 interest, with Monsanto Chemical Co., in West Virginia's Mobay Chemical Co. (polyurethane plastics), and a 50% interest with Pittsburgh Coke & Chemical...
That the grim period from Dunkirk into the Battle of Britain brought out the most eccentric as well as the best qualities of the British is a major part of the thesis of Writer-Adventurer (Brazil, Tartary, etc.) Peter Fleming. The invasion-threatened British were often funny in the way in which a man, scrambling out of mortal danger, sometimes forgets his pants, and the Germans achieved heights of sinister absurdity. These facts, in focus with Fleming's sharp eye, make sprightly reading of what would otherwise be simply a well-organized and well-informed piece of contemporary narrative...
...across from the gaunt skeleton of the bombed Kaiser Wilhelm Memorial Church, West Berlin opened three gleaming, glassy new buildings of its new garment center, will open later this summer its fabulous Building Exhibition, to which the world's greatest architects, from France's Le Corbusier to Brazil's Niemeyer and America's Gropius have each contributed a structure. Mercedes-Benz cars crowd the Autobahnen, and so many workers are buying Kleinstwagen (small one-or two-cylinder cars seating four) that the motorcycle industry is suffering from the competition. Unemployment in West Germany is so small...