Word: brazilian
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Exporters blame the trouble on the government's Brazilian Coffee Institute (I. B.C.), a complex clearinghouse that handles Brazil's coffee dealings. A recent official investigation uncovered a string of "irregularities" in I.B.C.'s hiring practices, promotional spending and coffee purchasing. The new president, appointed when the revolutionary government took over, is Leonidas Lopes Borio, 41, a civil engineer who is unfamiliar with coffee marketing...
...allowed to export-to help keep prices up by reducing the supply. Opposed by the U.S., the world's biggest coffee consumer, he wound up agreeing to a new world quota of 48 million bags-a scant 300,000 lower than the old quota. Angry at this failure, Brazilian producers also criticized Borio for selling 180,000 bags of low-grade coffee to Algeria and Lebanon at cut-rate prices...
Quotas in Question. Thanks to rising Brazilian prices, the U.S. housewife is now paying about 89? a b. for coffee, compared with 69? last year. Europeans, burdened also with high import duties on coffee, must pay even more-about $1.30 a ?b. in London, $2 in Rome, $2.50 in Paris. Last week the U.S. Congress, never too happy with the system of quotas on world coffee, reacted in the consumer's behalf: by a narrow 194-to-183 vote, the House rejected legislation that would allow the U.S. to join in the new quota agreement. Though Administration leaders count...
Married. Marcia Kubitschek, 20, comely daughter of former (1956-61) Brazilian President Juscelino Kubitschek, 50, who fathered the $600 million inland capital of Brasilia but ran afoul of the country's new revolutionary government, which recently stripped him of all political rights for ten years; and Baldomero Barbara Neto, 25, son of a wealthy Brazilian industrialist; in Lisbon...
...revolutionaries were supposed to hold an election Oct. 3, 1965, and then turn the country back to a popularly elected President. Contemplating all the things wrong with Brazil, the new civilian and military leaders considered that too little time to work out the necessary reforms. Last week the Brazilian Congress extended President Humberto Castello Branco's term and set the election for Nov. 15, 1966. A second vote, scheduled for this week, will make it official...