Word: braziller
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Dates: during 1980-1989
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...underdeveloped nations are calling for a New International Information Order (NIIO); to solve some basic problems. One is news imperialism; Brazilians often read about Brazil in UPI or AP service stories. Another problem is the stereotyping of the Third World in the Western media. And a third problem, whosxe catchword is Western cultural imperialism, is the world mindest that creates an cettt, and makes scores of poor children in Israel wear "Starsky and Hutch" t-shirts...
...were produced in Cuba. He maintained that mechanization had increased to the point where 100,000 sugar-cane cutters were doing the work formerly done by 350,000, and that similar productivity gains applied to other branches of industry. Castro heaped scorn on some other Latin American nations, particularly Brazil, where huge foreign debts accompany "constant reports of social calamities, unemployment, hunger, inflation...
American steel has been pounded by cheaper imports from Japan, South Korea and Brazil, crippled by high wages and inefficient plants, and stunted by management that sometimes seems to have just given up on the industry. Employment has plunged from a postwar high of 620,000 in 1953 to about 250,000 last year; half of that loss has come since 1970. Use of American steelmaking capacity has shrunk from...
...numbers simply boggle the mind. The total debt of Third World nations to Western banks is approximately $300 billion. South American countries owe $71 billion to the U.S. Citibank, the largest U.S. bank, has made loans to Brazil alone worth fully 75 percent of its total capital. The nine largest U.S. banks have lent Third World nations more than twice their net worth--$64 billion. These concrete-and-steel Wall Street fortresses would be completely wiped out by a Latin American repudiation of all debt...
While putting a squeeze on workers, the steel companies continued their campaign in Washington for greater protection from imports, which have captured 19.6% of the American market. Though Western Europe and Japan have curbed their steel exports to the U.S., a new wave of shipments is flowing in from Brazil, South Korea and Mexico. Steel executives argue that these exports are subsidized by foreign governments and that the U.S. should retaliate with import quotas...