Word: braziller
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Dates: during 1970-1979
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Though bankers agree that they are nearing the point where additional loans to LDCs could be an unacceptable risk, relatively well-off countries such as Mexico, with its new-found oil riches, and Brazil will continue to find a welcome. Middle-income states such as South Korea, the Philippines and Taiwan will also find lending officers receptive. But the traditional weaklings, such as Dahomey, Upper Volta, Turkey, Zaire, Egypt and others, will face a real struggle trying to get additional loans. Says one White House economist: "For the weaker LDCS the choice will be either lowering their living standard...
...biggest U.S. war-supply problem had been solved. In barely two years the country went from being nearly 100% dependent on imported natural rubber to requiring it for only 14% of its needs, an amount small enough to come from stockpiles in friendly Liberia, India and Brazil. Synthetic rubber was being produced ahead of schedule at an annual rate of 836,000 tons, more than 25% above the peak prewar imports of rubber. By war's end the Government had built and owned 51 synthetic-rubber plants at a cost of $700 million. These plants were later sold...
...resolution calling for the industrialized nations to cancel or suspend debts of the LDCs was quietly suppressed by some of the capitalistic advanced-developing countries. Although the U.S. had already written off $500 million in debts owed by 15 of the poorest nations, ADCs like South Korea, Singapore and Brazil have feared that any further write-off would make them appear to be poor credit risks and that international lenders might push up interest rates or hold back on future loans...
...cells? Hardly. All the participants were in fact earnest Roman Catholics and members of the most influential movement among Latin America's 300 million faithful, the small constantly spreading groups called comunidades de base (base communities). There may be as many as 150,000 comunidades, 80,000 in Brazil alone, chiefly in the destitute states of that country's north and northeast...
Even so, many priests and bishops in Brazil balked when a lay comunidad member in 1976 announced that "the days when the priest was the main one" were over. Others in Latin American Christendom are likely to be troubled by a declaration at weekly Mass by Volta Redonda's French priest Jacques Duquesne that "faith should not be seen as the burden of the Cross, but rather as faith in a better world." Such apparent doctrinal distortions may have been what prompted Pope John Paul II during his Mexican trip to urge the Latin American clergy to be "priests...