Word: brazilianizing
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...done it? Nobody could be sure. Many took it as a warning of new anti-American activity by Communist groups still terrorizing the swampy country near the Cambodia border. But if the Communists had hoped to disrupt the Colombo conference, they had failed miserably. Dancing an exotic Brazilian samba to the music of a New Orleans jazz band at the Cercle Sportif that evening, an Indian economist announced happily, "The bombs had no effect whatever on our conference. This city is simply full of life...
...conference was so successful that Brazilian delegates urged a return engagement in their new capital city Brasilia, when it is finished. Belgium, Germany, and Italy suggested a 1959 conference in Europe with a preliminary meeting next year. For the week's discussion had demonstrated that capitalism has more to offer the world than cash. Its message: through technology, efficient management, research and the brand of valor that McGill University's Dr. David McCord Wright called the "energy to venture into uncertainty," competitive business can widen the distribution of goods, realize new sources of profit and do both...
...little man's awe of the tycoons soon rubbed off. Prime targets such as Nelson Rockefeller, RCA's David Sarnoff and Marcel Palmaro, head of Lehman Bros.' foreign department, were soon being buttonholed by Burmese industrialists, Taiwan manufacturers, Brazilian bankers. Projects from underdeveloped countries eager for foreign capital were produced by the hatful. India is ready to open its great bamboo forest in the Mysore province for paper and pulp production if it can get $8,500,000 in foreign exchange in return for half ownership. India's Orissa province needs $1,500,000 in foreign...
...drive for a Latin American common market, spurred by the recent Buenos Aires economic conference (TIME, Sept. 16), last week got its first results. In Santiago, Brazilian Foreign Minister José Carlos de Macedo Scares capped a cordial, busy five-day visit by approving a joint Brazil-Chile commission to establish South America's first common market between the two countries. A practical basis for the reciprocal market already exists: Brazil buys Chile's nitrates and Chile needs Brazil's coffee and cocoa. The committee starts work in 60 days on a draft treaty. Said Chile...
After the story leaked out, reporters besieged the high-flying professor, and the Brazilian air force nervously put a fighter cover over the rendezvous beach. With a sigh, Guimaraes last week took to television to get the matter straight once and for all. But he refused to elaborate on his telepathic talk with the saucermen. "It is wiser not to divulge it. The authorities know all the details." Guimaraes' TV lecture left many viewers convinced that he had been in his cups rather than in a saucer. But as the hoots grew louder, friends and colleagues joined ranks around...