Word: braziller
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Dates: during 1970-1979
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...recycling the enormous surpluses piled up by oil-exporting nations. Total debts owed by governments to major commercial banks ballooned from $110 billion in 1969 to $550 billion last year. Now the banks are reaching the ceiling of their willingness to lend to troubled nations-and countries such as Brazil, Mexico, Peru and Zaire may be nearing the end of their ability to repay, unless they get new credits. Various experts believe that without emergency loans from the IMF, a number of less-developed countries would default on their loans, possibly bringing down some big banks or triggering an international...
...reason for the decline is the expectation of abundant harvests, especially in Brazil, which produces one-third of the world's coffee. What sent prices up in the first place was a freak frost in 1975 that damaged more than half of Brazil's coffee trees. Now, with the Southern Hemisphere's winter half gone and no hurtful frost so far, Brazil expects to have a much better crop this year-14 million to 16 million bags, double last year's harvest. Two other big coffee producers, Colombia and El Salvador, are fearful of a further...
...country, Carol left too, renouncing the throne. He came back as King in 1930, and Magda soon joined him, reviled as the "Jewish Pompadour" in the increasingly anti-Semitic climate. Under pressure from the Nazis, the couple fled Rumania in 1940, moving first to Mexico and then to Brazil, where Carol married her in 1947. After Carol's death m 1953, Lupescu lived quietly in a Portuguese villa...
...about two years coffee drinkers have bitterly watched prices jump from $1.46 a Ib. to more than $4. A crop-killing frost in Brazil in 1975 touched off frantic bidding by buyers who feared a shortage; several coffee-producing countries aggravated the rise by increasing export taxes on the beans. Now the U.S. Department of Agriculture forecasts that Brazil, which normally grows about a third of the world's supply, will harvest about 17 million bags of beans in the crop year that begins Oct. 1-not far from double the 1976-77 crop of 9.5 million bags...
Rosalynn clearly established the point that her husband is determined to make the encouragement of human rights a key part of his foreign policy despite the danger of exacerbating relations with some countries. In Recife, Brazil, Rosalynn met with two American missionaries-the Rev. Lawrence Rosebaugh, 42, a Roman Catholic priest, and Thomas Tapuano, 24, a Mennonite worker-who had been jailed on trumped-up charges and mistreated for four days. "I have listened to their experience," she said later, "and I sympathize with them." She added, as she had at all her stops, "I have a personal message...