Word: oil
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Dates: during 1950-1959
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...Brazil a small, hitherto unknown company named Torgbraz came to the fore as the Soviet Union's trading arm. Run by a retired Brazilian colonel and a "refugee" from Russia, Torgbraz (Trade-Brazil) offered to supply Petrobras, the state oil monopoly, with crude oil, drilling and refinery equipment on either "short-or long-term payment." (At present Petrobras gets equipment from U.S. companies on strictly businesslike terms...
Only a month earlier, No. 1 Communist Nikita Khrushchev, in an interview with a Brazilian Communist newspaperman, had plugged for a booming trade that would exchange Brazil's coffee, cocoa, hides, sugar and cotton for such manufactured goods as "oil-well-drilling equipment and automobiles." The trade offers, suspiciously similar, were aimed at a big target: a country with 100,000 Communist Party members and enough party-liners to swing a tight election. They were shrewdly directed at sensitive areas such as Petrobras, of which the public is fiercely proud. Publicly, Petrobras was cool to the Torgbraz offers...
...coast. Cotton is king there, and Mexicali, its population nearly tripled (more than 160,000) in five years, is its prosperous throne room. It has U.S.-style real-estate developments, with hundreds of houses in the $10,000-to-$1 5,000 class. Last year 55 gins, six cottonseed-oil mills and four compresses-the world's biggest concentration of ginning facilities-swallowed the 400,000-bale output of the 1,650-square-mile Mexicali valley, brought in more than $68 million...
...OIL...
...lovely eye, "long, sweet and melancholy." Shipped to Rome's Restoration Institute, the painting has been carefully worked over for the past seven months. The Madonna which emerged, with amaranth-red robe, gilt-edged blue veil and glittering gold medallion is judged by critics the finest Martini oil painting known. Nonagenarian Renaissance Critic Bernard Berenson, who once called Martini "the most lovable of all the Italian artists before the Renaissance," said of the discovery: "It is certainly a masterpiece. And there is not the slightest doubt that it is an authentic Simone Martini...