Word: brazil
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Dates: during 1960-1969
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Since 1961, the U.S. has poured some $780 million into Brazil only to see most of it disappear down the Amazon. The prospects became so disheartening that Washington aid to the wobbly, leftist regime of João Goulart gradually dwindled to a trickle. Last week, after eight months spent in careful observation of the revolutionary government of President Humberto Castello Branco, the U.S. announced that it is ready to try again with $453 million, a package that makes Brazil the greatest U.S. economic-aid beneficiary of any nation except Pakistan and India. With the addition of expected funds from...
...reduce next year's enormous $475 million budget deficit, to provide credits for farmers and businessmen, and for a host of seriously needed development projects (the A.F.L.-C.I.O. is making a $23 million loan for workers' housing). To make sure the funds go where they should, Brazil has agreed to a regular review of progress, faces a cutoff in the flow of funds if performance is not good. "This is a calculated strategy on which the odds look good," said U.S. Ambassador to Brazil Lincoln Gordon after the agreement was signed. "This time, for the first time, there...
Died. Alberto Byington Jr., 60, Brazilian tycoon who pyramided his father's multimillion-dollar holdings by establishing Brazil's first movie, record and air-conditioning companies, added a network of 22 radio stations, 250 cold storage plants, and a major bauxite development-all on top of a vast coffee empire; of hepatitis; in Rio de Janeiro...
Boom-Boom. Back in the U.S. the combo's "ethnic jazz" gained a wide audience. But in the mounting din of his drummers Mann found himself becoming "a sideman in my own group" and he fled to Brazil. He came back playing a new music that helped touch off the bossa-nova craze...
Ultranationalists in Brazil last week sought to block M. A. Hanna's plans to mid a $25 million iron ore port, even though the government seemed deter mined to approve the deal, and the Supreme Court will rule soon on whether any foreign company has a right to mine in Brazil. In Australia, where U.S companies are investing at the rate of $4,000,000 a week, the government is under mounting pressure to require part local ownership of foreign subsidiaries At a special luncheon in Paris, the creme de la creme of France's business leaders listened...