Word: brazile
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...real mess," says one New York banker. Since the debts of Bolivia, Nicaragua and Peru are relatively small and spread out among many lenders, the banks' losses on these loans have been easily offset by healthy profits in other lines of business. Bank earnings will suffer, however, if either Brazil or Argentina falls more than a few months behind in its payments...
...over the Falkland Islands, Argentina shipped corned beef, lumber and other goods worth more than $133 million annually to the United Kingdom. But since the war, a British embargo on Argentine imports has outlawed trade between the nations. Last week, as he embarked on a three-day visit to Brazil, Foreign Secretary Sir Geoffrey Howe told the House of Commons that Britain had decided unilaterally to lift the trade embargo. Howe, whose announcement coincided with the anniversary of last year's unsuccessful efforts to renew relations with Argentina, urged the government of President Raúl Alfonsín to join with Britain...
Howe's announcement drew immediate applause from Argentina's meat-packers, who have lost their lucrative British markets to Brazil. But Argentine Foreign Minister Dante Caputo responded that trade talks could begin in 60 days only if the agenda also includes his country's claim to Las Malvinas, as Argentina calls the Falklands. In London, a Foreign Office spokesman called Caputo's reaction "disappointing," adding, "Our position has been set out many times. There is no possibility of our negotiating or discussing sovereignty...
...each, nearly triple the normal price. When they were gone, Overstreet began contacting foreign bottlers to import the drink, which has not yet been replaced by new Coke abroad. His search took him from England ("It didn't taste right") to Mexico, Puerto Rico and finally Brazil. On the day Coca-Cola disclosed that it was reviving the old beverage, a Rio bottler was about to ship Overstreet 300 cases of Brazilian Coke, the first of up to 10,000 cases. In a mild panic, the California merchant hastily canceled the deal...
Well, it may no longer be a joke. The killer bees, imported from Africa to Brazil for research, escaped in 1957, and their offspring began advancing slowly northward. Last week a killer colony was confirmed for the first time on American soil, in an oil field some 60 miles from Bakersfield, Calif. The bees are believed to have hitched a ride north on drilling equipment shipped from Latin America. The killers are no more venomous than domestic bees, but they are easily provoked and attack in great numbers. They were first reported in California by an oil-field worker...