Word: brazilianizing
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Sometimes imagination is not enough. During his tour of Latin America late last year, President Reagan generously offered to prepare a Brazilian astronaut for a seat on a U.S. space-shuttle flight. There was one small problem. Brazil has no astronauts. Facts must be faced: most North Americans neither know nor care to know too much about Latin America unless, of course, someone shouts, "The Russians are coming...
...stem the flow of imports from the Third World (see ESSAY). Demand for the developing nations' products, mainly raw materials, slumped. As a consequence, between 1980 and today, world commodity prices, excluding oil, have fallen by 35% to the lowest real levels in three decades. Sugar, a principal Brazilian export, dropped from $495 to $120 per ton; Zambia's copper price plunged from 950 per Ib. to 690. Tanzania's President Julius Nyerere put it plainly: to buy a seven-ton truck in 1981, his country had to produce four times as much cotton, or three times...
...entire 2.5 million-oz. gold cache to secure credit. Then the government-controlled Banco do Brasil, which finances the nation's international trade, began drawing down cash, estimated at nearly $2 billion, that it ordinarily keeps on deposit with major international banks. When that was exhausted, the Brazilian bank was forced to turn to overnight borrowings to stay in business...
...next day Reagan and Figueiredo, 64, were together almost constantly. The two men talked privately for 30 minutes, then summoned Treasury Secretary Donald Regan, Secretary of State George Shultz and other officials from both governments for an additional hour of discussion. Said a Brazilian official: "The conversations were very candid and yet very gentle." The Falklands, Shultz said, "didn't come up as a matter of dispute." In fact, Brazil only halfheartedly supported Argentina in the war, mostly out of a sense of continental solidarity...
...will buy VCRs this year. Cassettes of U.S. movie hits like Patton and Cabaret, plus soft-and hardcore pornography, have proved so popular that a well-known chain of coffee stores was all set to add a line of cut-price VCRs to its menu of Colombian prime and Brazilian Mocha. It backed off only when video shops threatened to retaliate by selling discounted coffee...