Word: braziller
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Dates: during 1960-1969
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...consequences of the tight supply and growing demand for capital are postponed projects, frustrated entrepreneurs, and an inflation in the price of money. Interest rates have been rising fairly steadily since World War II, are now the highest since the 1920s. In Brazil, interest is typically calculated by the month, and rates run as much as 2½%½ monthly for prime borrowers, 5% for medium-sized companies, and 7% for consumers who make installment purchases. In large parts of Latin America, Asia and Africa, long-term capital is scarcely available at any price, and great chunks...
...obvious keys to attracting capital are economic good sense and political sanity. Without those, foreign capital will not flow in and domestic capital will flow out. When governments begin to welsh, devaluate and expropriate, capital flees. Such was the case with Indonesia under Sukarno and Brazil under Goulart. And merely printing money cannot create capital. All that that usually does is bring on inflation. When prices soar and money values decline, people usually put their money into goods instead of savings...
...currencies (those of the U.S., Cuba, Ethiopia, Haiti, Honduras, Liberia, Panama and El Salvador) have survived the 23 years since the end of World War II without a formal devaluation, according to Manhattan Currency Expert Franz Pick. Since Jan. 1, 1949, Chile has devalued 46 times, Brazil 32, Uruguay 18, South Korea 17. The U.S.S.R. has sliced the value of its ruble three times since World War II - not because of external pressures but to reduce domestic purchasing power...
Afghanistan, Algeria, Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Burma, Burundi, Cameroon, Canada, Central African Republic, Ceylon, Chad, Chile, China, Colom bia, Congo, Congo (Brazzaville), Costa Rica, Cyprus, Dahomey, Den mark, Dominican Republic, Ecuador, El Salvador, Ethiopia, Finland, France, Gabon, Gambia, West Ger many, Ghana, Greece, Guatemala, Guinea, Guyana, Haiti, Honduras, Iceland...
...cattlemen. Bradesco endeared itself to its distant customers by such services as providing them with needed supplies and taking care of their bills and taxes in the capital. As the interior developed, Bradesco thrived and helped open more territories for cultivation, notably in the north of Parana state, now Brazil's richest coffee-producing area. "The sky is the limit," says Aguiar. "Now we have many more resources. We can do much more...