Word: brazil
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Dates: during 1950-1959
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PROMOTER BENJACK CAGE, boss and founder of multimillion dollar ICT Insurance Co. that crashed and caused heavy losses to policyholders (TIME Feb. 18) was indicted for embezzling $500,000 from ICT. Dallas grand jury charged that Cage, who fled to Brazil, used funds to buy stock, which he later transferred to his own management company...
...Brazil expects a 40% boost in tourism for the comfortably cool "winter season" in July, thanks to tourist-fare cut rates introduced by air and sea lines. Hotel and restaurant prices have risen 20% in the past year, but are still only about half the U.S. level...
...Coliseum. For a fort night buyers from the Americas looked over motor scooters from Italy and hi-fi equipment from Japan, inspected silks from Hong Kong and a pair of Queen Victoria's pantaloons exhibited by Britain's Lux-Lux, Ltd. (underwear), sampled coffee from Brazil and champagne from Israel. Last week, is the show closed, its private U.S. organizers tallied some of the handsome results...
...first career ambassadors (others: Deputy Under Secretary of State Robert Murphy, Deputy Under Secretary of State for Administration Loy W. Henderson, Ambassador to Brazil James Clement Dunn), Foreign Service equivalents of five-star generals, were sworn in a year...
...gentle, ruddy-faced man of 53 with curly, greying hair. Gross haunts the lumber yards of New York searching for wood, particularly such exotic varieties as the bright red cocobola from Colombia, ebony from Africa, red-brown rosewood from Brazil, golden-brown teakwood from Burma, striped tigerwood from Nigeria, dark red snakewood from British Guiana and his favorite lignum vitae from Jamaica. In his littered Greenwich Village studio he chips away at them with a caressing affection for the material, slowly turning out the figures that express his own sunny philosophy...