Word: importance
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Dates: during 1950-1959
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...First International Conference of American States in Washington in 1889-90. The idea came up again in Mexico City (1901-02), Washington (1931), Montevideo (1933), Buenos Aires (1936), Lima (1938), Guatemala City (1939) and Bogota (1948). By 1948 the World Bank, the International Monetary Fund and the Export-Import Bank had been launched; the U.S. took the view that any added agency would be a duplication, held steadfast to this position at inter-American conferences in Washington (1950), Caracas (1954), Petropolis (1954) and Buenos Aires...
...plea well presented. After a second meeting, Dulles dashed off for a luncheon talk before the American Chamber of Commerce, then flew to Brazil's new capital, Brasilia, for a farewell dinner with Kubitschek. Then he headed back for Washington, where at week's end the Export-Import Bank announced that credits totaling $58 million in favor of the Bank of Brazil had been granted by a consortium of U.S. private banks, along with a $100 million credit from the Export-Import Bank itself...
Huge Debts. The President's other big problem is an economy dragged downward by the Rojas regime's extravagance and the estimated $70 million sag in coffee income this year. The junta made a start by imposing what Colombian businessmen call "organized recession," including severe import restrictions on everything from toothpaste to typewriters. The cost of living is still climbing at a rate of 20% a year, and Lleras warns that if coffee prices are not stabilized, "this country may explode...
...same time slot. At a time when live shows are fading fast from every channel, the Paar show is seen over a record 115 stations and has collected as many as 38 sponsors, ranging from Minipoo shampoo to Corega denture fastener. One measure of the show's import is the loyalty of most of the guests; they are paid only "scale" ($320 per appearance), but most of them love the show for its fun - and for the publicity...
Petrobrás' shortcomings cannot be hidden. It produces 50,000 bbl. of crude oil a day. must import the other three-fourths of the 200,000 bbl. daily consumption at an annual cost of $250 million-roughly equal to the current year's trade deficit. All the oil comes from a single area in Bahia, and Bahia crude is heavy and high in paraffin content, useful mostly for waxes, asphalt and fuel...