Word: centavo
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...urge to buy foreign luxuries, the new regime confined its imports chiefly to essentials, raw materials for the industrial machine unwillingly inherited but impossible to shut down. Despite austerity, purchases last year cost $184 million more than Argentina's foreign sales brought in. That left not a centavo to spare for catching up on power and fuel needs. Both were jobs that private foreign capital, if welcomed, would like to try. But Aramburu, feeling the hot breath of prideful nationalism, has not given the invitation. The $500 million, U.S.-owned American & Foreign Power Co. Inc. offered last December...
...good deal for both the country and the company. International keeps a slice of the profits for at least ten years more. Colombia got De Mares, together with its 1,030 wells and its other installations (including the refinery at Barranca Bermeja), without paying a centavo. Also, the Colombian government showed the world's oilmen that it is willing to do business fair & square-a good thing for Colombia, which needs foreign capital and know-how to help get its oil out of the ground...
...tossed off a dizzying 193 million, which meant twelve bottles of Coke for every Filipino, including babes in arms and Huk rebels in the mountains. Filipinos were crying for more. Manilans tell the story of an ex-bootblack who makes a living hanging around Coke machines and selling 10-centavo pieces (the only coins that fit the machines) for 15 centavos to thirsty people who are too eager to go and get the proper change...
...three union leaders, and told the Governor that "functionaries who ordered these arrests don't know the humble pot of beans." The men were released, the strikers went back to work. Bread prices stayed up, but bakers agreed to put 75% of their production in the small, 5 centavo loaf, only 25% in more expensive sizes...
That the new cruzeiro system would bring immediate relief seemed dubious. In effect, Brazil would get not only new money, but more money. Only gradually will the new 10, 20 and 50 centavo pieces, the new, uniform-size cruzeiro bills supplant the timeworn milreis. The new coins, copper, aluminum and zinc, minted since Oct. 12 are being released immediately, but surcharged milreis bills will for a time serve as cruzeiro bills...