Word: brazilians
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Dates: during 1960-1969
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...consorcio lottery method for financing cars [July 21] may be "typical of Brazilian ingenuity and flair," but its origins are in the Old World. Although such rotating credit associations are known widely in Asia, Africa, and now in Latin America and the West Indies, the most likely source of the Brazilians' consorcio is the esusu of the Yoruba of Nigeria. Whether it was originally introduced to the New World by Africans, Chinese or East Indians, this popular method of saving is now known as boxi money in Guyana, meeting in Barbados, partners in Jamaica, esu in the Bahamas...
Forgotten in Brazilian exile for the past four years, after accusing Charles de Gaulle of "treason" in granting Algerian independence, France's Georges Bidault, 67-twice a postwar Premier, nine times Foreign Minister-took several large steps closer to home, established residence in Belgium and promised a return to France soon. In the meantime, he vowed to say and do nothing to blight Belgian-French relations. When reporters asked if he would approach De Gaulle for an amnesty, Georges replied grandly: "I, Bidault, approach that wretch?" Besides, he said, "to have amnesty one must first have been pronounced guilty...
...night of Nov. 2, 1957, when glowing elliptical objects 200 ft. long hovered over highways, terrifying several motorists and causing their cars' ignition and lights to fail. A third apparently inexplicable case occurred off Trindade Isle, Brazil, during daylight on Jan. 16, 1958, when scientific personnel aboard a Brazilian navy ship spotted a Saturn-shaped UFO and photographed it four times...
Along with the Kaiser interest, Ford is buying a 14% share in Willys-Overland do Brasil held by Renault of France, whose Gordinis roll off the same assembly lines. The remaining shares are held by 45,000 Brazilian investors who now, to their delight, become partners of Henry Ford. Renault, which is Kaiser's partner in an Argentine car company called Industrias Kaiser Argentina, will acquire a controlling share of that firm. Renault will buy up a major part of Kaiser's 30% interest, as well as 14% held by two Argentine banks. Ford will also acquire Transax...
...Costa e Silva (TIME cover, April 21) organized the 1964 military coup that toppled Leftist Joao Goulart, Brazil needed even more than truth. Communists and corruption were everywhere. The cost of living was climbing at the fantastic annual rate of 144% in Goulart's last year, and the Brazilian cruzeiro was barely worth the paper it was printed...