Word: braziller
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Dates: during 1950-1959
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...comparison by an expert: Cuban Industrialist Burke Hedges, 46. In his own Lockheed Lodestar, Hedges circled Rio's Santos Dumont airport one sunny afternoon, set down, stepped out with his secretary, valet, fulltime flight crew. Reason for the move: Hedges is Cuba's new Ambassador to Brazil...
...Murphy; Loy Wesley Henderson, 66, Deputy Under Secretary of State (Administration), since retired from the Foreign Service but serving on by presidential appointment; H. Freeman ("Doc") Matthews, 59, onetime Deputy Under Secretary of State (1950-53), now Ambassador to Austria; James Clement Dunn, 67, onetime Ambassador to Italy, France, Brazil, since retired...
...Brazil. When tough-minded new Finance Minister Lucas Lopes took charge eight weeks ago, he found that his predecessor had run up a record six-month deficit of $168 million. Clanking presses were turning out inflated new currency at top speed (2.5 billion cruzeiros in both April and May, 1.8 billion in June). Lucas Lopes trimmed nearly $75 million from the current budget and even managed to take a symbolic batch of 7,204,800 cruzeiros out of circulation. He revamped the ruinous coffee-price-support program by making only token payments for low-grade coffee. Despite complaints from...
Seven-Column Spread. Kubitschek did not press his idea of launching Operation Pan-American with a summit meeting. "A presidential conference," he said, "might be opportune to launch the Operation in due course, after full discussion and preparation." Their final agreement: Brazil and the U.S. will sound out the other 19 republics in the hemisphere, and, if acceptable, set up a working group in Washington by late September to draw up an outline development program; any meeting of Presidents would follow later. With that settled, Dulles and Kubitschek took time out to pose for pictures...
...Kubitschek had indeed been pleading for anything, he might have deserved credit for a plea well presented. After a second meeting, Dulles dashed off for a luncheon talk before the American Chamber of Commerce, then flew to Brazil's new capital, Brasilia, for a farewell dinner with Kubitschek. Then he headed back for Washington, where at week's end the Export-Import Bank announced that credits totaling $58 million in favor of the Bank of Brazil had been granted by a consortium of U.S. private banks, along with a $100 million credit from the Export-Import Bank itself...