Word: brazil
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Dates: during 1960-1969
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...year before. The big gains came from Mexico (up 10% chiefly on a construction boom), Venezuela (up 7.6% on record oil exports) and the nascent Central American Common Market, whose five members-Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua -averaged a 7% increase. Tugging the figures down were Brazil, which gained only 1.4% because of inflation; Uruguay, which gained only 1.1% thanks to a stagnating economy; and Panama, whose gross product decreased 1.5% owing to a multitude of woes...
...Brazil's doughty President Humberto Castello Branco has scheduled gubernatorial elections for October of this year and a presidential election for October 1966. Last week he sent Congress his long-awaited bill establishing the ground rules for who can and who cannot run in the elections. It was, as expected, a tough bill...
...Caamaño adviser was railing that Brazil's General Alvim was "el vagabundo"-the tramp. Another sent a report to the U.N. on "what is happening in the open city of Santo Domingo." Caamaño himself accused U.S. troops of committing "an act of genocide without precedent in our country." The U.S., he said, even shelled a Red Cross center in the Ozama Fortress, killing seven women and eleven children. In fact, one of Caamaño's own men at the fortress admitted to U.S. newsmen that there were neither women, children nor Red Cross...
...SOUTH AMERICA. Brazil, where the cost of living rose 87% last year, has begun to control the world's worst inflation by recessionary shock treatment. Argentina, with less inflation (28% last year), has blundered its way into such a morass of public debt, deficits and fleeing private capital that financial circles predict monetary devaluation...
...bankers by no means confine themselves to making loans, collections and money transfers for American enterprise. The Chase Bank helped to bankroll Turkey's largest industrial project, the new Eregli Iron and Steel Works; the Bank of America contributed to auto plants in Brazil and France and to the Mangla Dam between India and Pakistan. To attract the rising consumer classes overseas, many of the U.S. banks also offer loans to small borrowers, who often find it impossible to get credit from more conservative local banks and are willing to pay interest charges of 8% to 10% or even...