Word: braziller
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...investment in Latin America totals about $3 billion,* the annual return $400 million. Favorite U.S. investment area: Cuba with $590 million (sugar); Argentina, $497 million (meat packing); Mexico, $422 million (mining); Venezuela, $399 million (oil); Chile, $388 million (copper, nitrates), and Brazil with $334 million (public utilities). Nicaragua, with only $4 million, comes last...
Mostly, the investments were made years ago. Since the war new private capital has fought shy of Latin America. By putting up bars to payment of interest and principal, Latinos have done much to frighten new private U.S. capital away.† Last month Brazil reimposed a 5% tax on exported profits, and Argentina allows no dollars to leave unless matched by newly invested dollars. In every republic except Venezuela remittances are subject to costly exchange-control delays. In Socialist-run Venezuela, which currently offers the best Latin American climate for new private enterprise, U.S. oil companies plan to invest...
Such countries as Mexico, Colombia and Bolivia, which had led the agitation for a hemispheric Marshall Plan, would benefit hardly at all. Brazil had only coffee and cotton textiles to offer. These were the countries that had cried loudest for U.S. development loans, and would be heard from again at the Bogotá conference next March...
...months after the Communist Party had been outlawed, two months after diplomatic relations with Russia had been broken, Brazil's House of Deputies was still arguing about what to do with the one Communist Senator (Leader Luis Carlos Prestes) and 16 Deputies who still held office. A bill to cancel the Communists' mandates recently passed the Senate. Last fortnight, it got out of a House committee, whereupon the Communists tried to stall it by proposing no less than 320 amendments. This week, on the floor, they were ready with another tried & true parliamentary technique-the filibuster...
First to handshake his way past the Trumans in the white & gold East Room was the dean of Washington's diplomatic corps, Brazil's Ambassador Carlos Martins, accompanied by his sculptress wife, Maria, and their handsome, 19-year-old daughter Nora. Portly Ambassador Martins bore up bravely in tight-fitting full-dress uniform of dark green, covered with gold-leaf embroidery, sword and medals. Said he: "One more pound and I have to get a new uniform...