Word: imported
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...occasional liberal gestures have always been for dictatorial ends, suggested in Cuban radio broadcasts that their only hope lay in another, anti-Batista revolution. As far as Washington was concerned, Cuba already had the right President. Contemplated was a possible loan to Cuba by the U. S. Export-Import Bank of $50,000,000 for the development of agriculture, mining, secondary roads, public works, tourism, hospitals, schools, with $10,000,000 earmarked for "balancing the budget...
...scrap moved out of the U. S.-Asiatic limelight, many a more innocent-looking export and import commodity moved into it more & more: cotton, textiles, rubber, tin, lumber and pulp, drugs, toys, machinery, pepper, hides, wool, silk. Businessmen in these lines had reason to ponder the course of Washington-Tokyo diplomacy. For if the U. S. went to war with Japan, an enormous two-way trade across the Pacific would...
...Government, whose finger had never been lifted from the South American pulse, intervened. In March 1940 it was reported that other U. S. interests desirous of assisting Brazil in developing her steel industry had begun to survey the field. In April it became known that the U. S. Export-Import Bank had advanced Brazil a loan of $6,075,000 for railroad construction. When a mission headed by Brazil's industrial tsar, Guilherme Guinle, and including her foremost steel expert, Lieut. Colonel Macedo Soares, appeared in Washington to talk business with Federal Loan Administrator Jesse Jones, the new partner...
Last week the details were announced. The Export-Import Bank would lend Brazil $20,000,000, which with $25,000,000 to be provided by the Brazilian Government and private investors would be used to establish Brazil as an important steel producer, with smelting furnaces at the ore fields and a steel mill in the State of Rio de Janeiro. U. S. equipment and technical skill would be used, and the loan would gradually be retired when the plant began to produce...
Last week the embargo on dollars was lifted. The U. S. had apparently moved. In Washington it was reported that the U. S. and Argentina were negotiating a reciprocal agreement on foreign exchange. And Warren Lee Pierson, president of the United States Export-Import Bank, was in Buenos Aires. Mr. Pierson's bank last week received $500,000,000 additional lending capital when President Roosevelt signed a bill designed to enable South American countries to build up their own industries, including armaments for hemisphere defense. When it's raining dollars, any banker, even an aristocrat like Pinedo, instinctively...