Word: latin
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Dates: during 1940-1949
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Where were Brazil's Communist big shots? Leader Prestes was variously reported hiding in Sao Paulo and streaking off for Montevideo, where a Latin-American Cominform is rumored for the near future. Already there was famed Communist Artist Candido Portinari. Last week at least, brilliant young Architect Oscar Niemeyer was sticking...
Agustin Zoroa Sánchez was handsome in the Latin way, with flashing black eyes, a hairline mustache and amorous lips. Perhaps he loved women, but three things filled his heart: devotion to Communism, resistance to Franco, and a longing for glory...
Washington's Institute of Inter-American Studies reported last week that more than half the return on U.S. investments abroad now comes from Latin America...
...investment in Latin America totals about $3 billion,* the annual return $400 million. Favorite U.S. investment area: Cuba with $590 million (sugar); Argentina, $497 million (meat packing); Mexico, $422 million (mining); Venezuela, $399 million (oil); Chile, $388 million (copper, nitrates), and Brazil with $334 million (public utilities). Nicaragua, with only $4 million, comes last...
Mostly, the investments were made years ago. Since the war new private capital has fought shy of Latin America. By putting up bars to payment of interest and principal, Latinos have done much to frighten new private U.S. capital away.† Last month Brazil reimposed a 5% tax on exported profits, and Argentina allows no dollars to leave unless matched by newly invested dollars. In every republic except Venezuela remittances are subject to costly exchange-control delays. In Socialist-run Venezuela, which currently offers the best Latin American climate for new private enterprise, U.S. oil companies plan to invest...