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Brazil's recent practice of expropriating U.S. companies was proving both expensive and risky. In February 1962, the state government in Rio Grande do Sul expropriated Companhia Telefônica Nacional, an International Telephone and Telegraph subsidiary. Five months later, the governor of Pernambuco took over a subsidiary of American & Foreign Power Co., Pernambuco Tramways and Power Co. In both cases, the companies received little or no payment, while the companies' legal protests ground their way through Brazil's agonizingly slow courts-years and perhaps decades away from firm settlement. Last week, suddenly, both companies were near...

Author: /time Magazine | Title: Latin America: A Debt Settled | 2/1/1963 | See Source »

City after city hoisted Bienvenida Filarmónica street banners. Seats to the concerts were in such short supply that they were hawked for as much as $30 apiece. Whatever the program, audience and critics were invariably breathless at the Philharmonic's high professional gloss. Wrote a Santiago critic: "The orchestral interpretation is simply marvelous, with a perfection to which Chile has never been exposed." Said a rapt Rio critic: "We never heard such beauty before...

Author: /time Magazine | Title: Music: Blazing Hit | 6/23/1958 | See Source »

...Italy's biggest plant overthrew ten years of Communist leadership (TIME, April 11), started a chain reaction. In the industrial north, the anti-Communist rebellion swept through plant after plant, winning elections outright in some, scoring big gains in others. At Milan's Officina Meccànica (truck bodies), the Communist vote plummeted from a secure 80% last year to a minority 37%. Most significant yet was last week's vote at the Falck steel works in Sesto San Giovanni, an industrial suburb of Milan known as Italy's Little Stalingrad...

Author: /time Magazine | Title: ITALY: Clamorous Defect | 5/2/1955 | See Source »

...Then they knotted a tie around his neck and dragged him six blocks. All afternoon his body lay in the gutter before the Presidential Palace while the rain water made little whirlpools around his bare heels. Gaitán had been picked up and carried to the Clínica Central...

Author: /time Magazine | Title: COLOMBIA: Upheaval | 4/19/1948 | See Source »

...clap and whistle. At 9:45 the red curtain finally went up. Tall, mustachioed old Maestro Vicente Emilio Sojo bowed from the podium, turned and led his 76 musicians in Hail the Brave People, Venezuela's national anthem. The first concert of the revitalized Orquesta Sinfónica de Venezuela (founded 1930) was off to a trumpeting start...

Author: /time Magazine | Title: VENEZUELA: New Chords in Caracas | 11/3/1947 | See Source »

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