Word: brazil
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...them, jail them or have drinks with them. I prefer the latter, but I am not averse to either of the former if it cannot be avoided." It means selling tax reforms to the wealthy, deeply entrenched oligarchs like the Brazilian industrialist who told a U.S. visitor: "You know, Brazil's growth is based in part on not paying taxes. If we paid, the government would spend it on foolishness like the army. Why do you keep talking about taxes? Taxation is an Anglo-Saxon fetish." Most important of all, it means listening to-and heeding -complaints like this...
...Brazil lives in an endless financial crisis, is so deeply in debt to other countries that it is on the brink of bankruptcy. The country's inflation is incredible: prices went up about 85% last year. Much to blame is the government of demagogic President João Goulart, who hints that he would turn to the Soviet Union if the U.S. cut its financial aid. The U.S. continues to pour in money, will probably reschedule all Brazil's debts soon for easier payment...
...hard to imagine how Latin America's largest nation could do much more to discourage foreign investment. But Brazil-which already offers inflation galloping at 84% a year, xenophobic politicians, irresponsible strikes, sporadic power blackouts and water shortages-has managed to add another obstacle. After 16 months of debate, President João Goulart finally signed the toughest profits-control decree in the hemisphere. In 83 ambiguous articles, it says that foreign companies can send back in profit each year no more than 10% of their "registered investments...
ADAM & EVE. There are those who think the whole letter scramble-like so much else in Brazil-is SNAFU. Except for ADAM and EVE (Amazonas Association of Dentists; Army Veterinary School), few combinations are pronounceable. Besides, Brazilians are running out of initials; MG stands for the states of Minas Gerais and Mato Grosso as well as the Ministry of War. Coming to the rescue of its readers, Rio's morning JB (Jornal do Brasil) recently published an article entitled "Introduction to the Small Dictionary of Initials (Without Which It Is Somewhat Difficult to Read a Newspaper in Brazil...
...struggling with delicate trade balances. Growing wage demands in Europe, Latin America and Asia far exceeded gains in productivity, causing serious threats of a new round of inflation in France and Italy, a rise of 23% in Japan's cost of living, and of a hopeless 70% in Brazil...