Word: brazil
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Dates: during 1960-1969
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...whole venture has cost $110 billion in aid to 100 countries. Right now, 72 countries are slated for U.S. aid, but 95% of it will go to only 31 of them and 74% of all development loans will go to only seven-Brazil, Chile, Nigeria, Tunisia, India, Pakistan and Turkey. Yet even after two decades as a developer, teacher, influence buyer and underwriter, the U.S. still gets surprised in the way aid programs work out. Some triumphs and failures from the ledger...
...Brazil's doughty President Humberto Castello Branco is caught in a bind. He has promised to hold gubernatorial elections in eleven states (out of 22) in October and a presidential election next year; his revolution, he says, "is not afraid of the ballot box." But because Castello Branco has a scruple against outlawing the opposition, one of the contenders for votes will be the Brazilian Labor Party, the power behind the inflationist, leftist regime that Castello Branco overthrew last year. The President is counting on electoral courts to use the new Ineligibilities Law to keep off the ballot candidates...
Many supporters of Castello Branco feel that something more than merely the Ineligibilities Law will indeed be needed to keep his government in power after next year's presidential election. That something is to change Brazil's form of government from presidential to parliamentary, replacing direct election of the President with indirect election by Congress. In such an election, the choice almost certainly would fall on Castello Branco. Until now, he has resisted the change. Last week, with Castello Branco's blessing, a congressional commission began studying a constitutional reform that could open the door...
...Latin America, a man who has fathered only five or six children may be regarded by his friends as something of a laggard, if not bordering on impotence. Many women resort to abortion as a form of birth control. For every birth in Uruguay, there are three abortions. In Brazil, some 2,000,000 women a year have abortions. Argentina has even begotten an industry of 6,000 registered midwives, most of whom specialize in illegal abortions. "Some women," claims one Buenos Aires physician, "see nothing extraordinary in having four or five abortions." Pills & Clinics. Throughout Latin America, the church...
...currency-exchange transactions that they have had little incentive to push stock purchases. Long confined to only two hours a day, the trading sessions usually took place amid such bedlam that little serious business was ever ac complished. In recent years, taxes of up to 85% on dividends and Brazil's runaway inflation have made the stock market less and less attractive to investors. Only three months ago, daily trading volume on the Rio exchange fell to practically zero for many leading companies. Then came a sudden and dramatic change. Last week, having broken all records in July, daily...