Word: terme
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Dates: during 1950-1959
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...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...
...other harried mayors of big cities in the U.S.: how to raise cash for increased municipal services and capital improvements when more and more of the people who work in the city-and demand the improvements-live in and spend their dollars in the suburbs. Early in his term Big Nick set up committees to study Denver's needs and to find ways and means of raising the money for an improvement program. The mayor's own suggestion: a city income tax. To the folks in metropolitan Denver, who already pluck the petals off their salaries for federal...
...first national capital built from scratch since India's New Delhi 30 years ago. Brasilia will not be ready until 1961. But on April 21, 1960. President Juscelino Kubitschek will transfer his government to Brasilia. He wants to rule from there for the last nine months of his term...
Pudgy, nearsighted General Marcos Pérez Jiménez, 43, already one of the world's senior dictators, last week began another five years as President of Venezuela-barring, of course, assassination or a coup by his military juniors. He won the term in a plebiscite that gave voters a choice of him or nothing. So cynically rigged was the election that two hours after the polls closed, Interior Minister Laureano Vallenilla Lanz summoned foreign newsmen to hear the results. Just as a small television receiver in the corner of his office beamed the opening of the first...
...bargaining position has been strengthened by the economic downturn and the scandals in labor's own house that have cost it heavily in public opinion. As a result, the new year may see some angry clashes over the bargaining table, particularly in aircraft and auto industries, where long-term contracts run out. Labor experts expect a rash of strikes next year, unlike 1957, which saw only 16 million man-days lost through strikes, the lowest figure since World...