Word: brazilianizing
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...night last October, police knocked on the door of a modest house in the back-country capital of Belo Horizonte. A scrawny, nervous man in pajamas opened the door. He was Olimpio Ferraz de Carvalho, a retired colonel of the Brazilian army, and his name was high on the list of some 22 officers and men in the area suspected of being key agents in Communist infiltration in the Brazilian army. The pro-Communist editor of an influential army journal, until finally booted from the job, Ferraz de Carvalho was president of the Communist-front Committee for World Peace...
...take up to about $22,800 for each fight. In his twelve years in the bull ring he has made a little under $2,000,000, and he has salted a lot of it away-some of it in Spanish hunting lodges and preserves, some in Colombian and Brazilian coffee investments, some in the National City Bank of New York...
Reflecting the extreme nationalism now dominant in the country, the bill sets up the Brazilian Petroleum Corp. (Petrobrás) as a government monopoly operating under the supervision of the National Petroleum Council. Petrobrás will have the sole right to explore, exploit, refine and distribute the country's oil. The five U.S. and British companies now importing and distributing oil and byproducts may continue to do so. But aside from that, foreigners are out. The government will hold 51% or more of the monopoly's $500 million stock; no foreigners and no Brazilian married...
Unlike the Mexican and Iranian oil revolutions, the Brazilian measure will involve no major seizure of existing private plants. There is no real oil-processing industry to expropriate. Brazil produces a bare 1.5% of the oil it needs, all from wells already owned by the government. It has only small refineries. When Brazil's Communists and nationalists shout, "The oil is ours!", they are shouting almost entirely about oil that is underground. And without the risk capital and know-how of the foreign oil companies, that is where it is likely to remain...
...years I have been afraid of the day when some harebrained crusader would raise the cry to destroy the Brazilian jungle and civilize the area. It would appear that that day has arrived. The armies of commercialism will chop roads through the greatest forest in the world, towns will spring up, and in a few years the alluring area will be leprosied with everything from filling stations to billboards...