Word: rio
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...land with Brazil's industrial metropolis of Sáo Paulo, 1,700 miles to the south. Flying over five emergency airfields that foundation men have opened along the way with their machetes. Brazilian air force planes next week will start the first scheduled air line service from Rio directly to Manaus on the Amazon...
...worried by Brazil's drastic curbs on sending profits abroad, Washington lending agencies stopped making loans projected under the Joint Brazilian-U.S. Development program. Some seven such loans, totalling $58,300,000, are now held up. Last week, seeking ways to tide itself over the trade crisis, Rio was considering borrowing up to $200 million from the U.S. Government against Brazil's gold reserve. At best this would be a stopgap. It would not help Brazil develop its own rich resources...
...also found out. Having lifted some $35 million from Brazilians in a fantastic borrow-from-Peter-to-pay-Paul scheme (and thereby out-Ponziing Ponzi, whose operations never topped $15 million), Albuquerque found that he had gone broke. On the front page of his newspaper Diario do Rio, he printed a shattering notice: "On this date, for unforeseen reasons I am closing my commercial activities . . . Those who intuitively saw that my business would fail were right . . . I shall not run away . . . My creditors will be paid . . . Remain calm, my friends...
...uniform, Albuquerque did even better. He had a four-room suite of offices in Rio, and branches in three other cities; he bought a newspaper, formed an export-import firm, owned a fleet of 66 taxicabs and four taxi planes, launched a trucking business and bought a partnership in an established car-selling agency. Hourly his 22 messengers dashed out to pay off felipetas. Albuquerque declared that his greatest desire was "to put a copy of the New Testament in the hand and heart of every Brazilian...
...couple of fancy killings importing machinery from the U.S. and olive trees from Portugal. He took to trading in diamonds, speculating in real estate. Toward the end, he began hinting he had a "big backer" who could always find millions for him. Yet the crackup, when it came, caught Rio by surprise. Felipetas in hand, creditors rushed frantically to Albuquerque's Rua Mexico headquarters. Officers, janitors, housewives, merchants swarmed into the empty offices...