Word: rio
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Dates: during 1950-1959
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...Rio de Janeiro...
Ever since they won independence, Brazilians have dreamed of a cool, gleaming inland capital far from the humid, colonial seaport of Rio de Janeiro. Last week, on a 4,000-foot plateau 600 miles northwest of Rio, the first buildings of the new inland capital of Brasilia were inaugurated...
Sign the Mayor. Dauphinot left Kidder in 1946 and formed Deltec S.A. in Rio de Janeiro. Initial capitalization: about $2,500. His first deal was to sell a 15,000,000 cruzeiro ($750,000) stock issue for an American & Foreign Power Co. subsidiary. With a sales crew of 25, Dauphinot began a door-to-door selling campaign. But after six months, only about half the issue had been sold, and all but one salesman had quit. The undaunted survivor, Paulo Quartin, son of a Brazilian diplomat, doggedly kept at the job and succeeded, by year's end, in selling...
Deltec's success has inspired imitators; two new open-end investment funds and several Wall Street-type firms are now busily stimulating the securities market. From his marble-walled Rio office and his spacious Copacabana Beach home, Dauphinot is looking beyond Brazil for other back roads for his thundering jeep-herd to travel. Newest challenge: the undeveloped capital markets of Argentina...
Speaking from a paneled room of Rio's Catete Palace, with 20 hemisphere ambassadors present, Kubitschek praised the U.S. for its prompt aid in reconstructing war-ruined European economies. But, he said sadly, Washington did not show "equal interest in the serious problem of development in countries still with rudimentary economies." Thus, according to Kubitschek, Latin America found itself "in a more precarious and afflicted position than the nations devastated by war, and has become the most vulnerable point within the Western coalition." The President warned: "The Western cause will unavoidably suffer if in its own hemisphere no help...