Word: brazilian
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FIRST INVESTMENT will be made by International Finance Corp. from its $92 million bankroll supplied by 49 member nations to step up industry in underdeveloped areas (TIME, Aug. 6). Agency will buy $2,000,000 worth of 6% notes from Brazilian subsidiary of West Germany's giant Siemens, electrical manufacturers. Money will help Siemens build electrical-equipment factory near São Paulo...
...blends themselves, in both Tulla's and the Capriccio the many varities come from five or six staples. Tulla explains that she uses Colombia, Brazilian, Javanese, Luziane, and a "secret" blend of Cuban coffee. Most she orders from New York wholesalers, but the Luziane is shipped from New Orleans. To hurry it along, Tulla occassionally resorts to urgent dispatches like the card she sent last week: "Help, help! We ordered six pounds of Luzaine several weeks ago. Wha hoppened...
...pulled out the rule book, and the International Soccer Federation backed it up. Honved's tour, warned the world group, was illegal, and any team playing them would be subject to fine or suspension. Flamengo went ahead anyway, but the reaction elsewhere was not so brave. Several other Brazilian teams refused to play, and from soccer federations in Argentina, Ecuador, Uruguay, Mexico, Peru and the U.S. came word that no matches with Honved would be authorized. Though still dickering last week for two Flamengo-Honved games in Venezuela, the Hungarians were rapidly running out of opponents...
...Washington, mortified Air Force representatives restricted themselves to saying that no search was being instituted in view of the wide area in which the Snark might have fallen. The State Department, however, was hit hard by the news that it probably had crashed in the Brazilian jungle. For months State's negotiators have been seeking permission for construction of six missile-tracking stations along the Brazilian coast. So far they have been unsuccessful: the Rio government, under pressure from ultranationalists and Communists, has been hard to pin down. Said a department officer bitterly: "That Snark might just as well...
...Brazilian Communists and nationalists unite in taking a fiercely protective attitude toward Brazil's mineral resources ("The oil is ours!"). Months ago this alliance of extremes, which stunts the country's economic growth by barring foreign capital from oil exploitation, began denouncing exports of radioactive material to the U.S. (thorium oxide and thorium-bearing monazite sand, no uranium). The showdown came last week, when the Security Council, loaded with nationalistic armed forces brass, adopted a military-dominated commission's recommendations that Brazil suspend exports of radioactive minerals and end the joint-exploration treaty with the U.S. President...