Word: brazilianizing
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...Garden of Eden. Plunging into the trackless Mato Grosso (Thick Forest), such 20th century big-game hunters as Theodore Roosevelt and Alexander ("Tiger Man") Siemel encountered jaguars hardly smaller than the fiercest tigers of Bengal. Nine years ago, out to win the 116,000 square miles of this wild Brazilian west. President Getulio Vargas set up the government-financed Central Brazil Foundation and ordered: "Conquer the wilderness. Colonize the area...
...running 1,100 miles across the Amazonian basin to Manaus, and linking the river by land with Brazil's industrial metropolis of Sáo Paulo, 1,700 miles to the south. Flying over five emergency airfields that foundation men have opened along the way with their machetes. Brazilian air force planes next week will start the first scheduled air line service from Rio directly to Manaus on the Amazon...
...petroleum a year, equal to 14% of the country's total expenditures for commodities from abroad. Some oilmen think that Brazil has perhaps a sixth of the world's undeveloped oil reserves. But when Vargas, on a recent visit to the Bahia oilfield, plunged his fingers into Brazilian oil, and held them up for his followers to applaud (see cut), Brazil's production was still a mere trickle of 85,000 barrels a day. Congress, taking its cue from the President, is doing its nationalist best to delay the day when Brazil will be self-sufficient...
...manganese a year. To date, Brazil's nationalists have refused to give the go-ahead signal. At the Urucum manganese mine near Corumbá, on the Bolivian border (which could produce an estimated 500,000 tons annually, earn $20 million in foreign exchange for Brazil), a U.S. Steel Brazilian subsidiary has been waiting four years while patriots argue whether it is too risky to have foreigners that close to the border zone...
Just when Brazil needs dollars so badly, this sort of nationalism has slowed up the flow of foreign investments. Last month, worried by Brazil's drastic curbs on sending profits abroad, Washington lending agencies stopped making loans projected under the Joint Brazilian-U.S. Development program. Some seven such loans, totalling $58,300,000, are now held up. Last week, seeking ways to tide itself over the trade crisis, Rio was considering borrowing up to $200 million from the U.S. Government against Brazil's gold reserve. At best this would be a stopgap. It would not help Brazil...