Word: brazill
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Candidates. In the presidential race the Grand Revolutionary Party of President Emilio Portes Gil is running scarfaced, jut-lipped Pascual Ortiz Rubio, one-time Ambassador to Brazil, a party regular picked by Mexico's most potent political boss, General Plutarco Elias Calles who put down the revolution of last spring (TIME, March 4 to June 3) and is now being overhauled by doctors at Paris...
While Brazilian Consul-General Sebastaio Sampaio did his best to soothe with fine words New York's unruly coffee market, President Washington Luis Pereira de Souza of Brazil struggled in Rio de Janeiro with a coffee crisis twice as acute, infinitely more ominous...
...coffee exchanges of Santos and Rio de Janeiro would suspend trading '"indefinitely." Came urgent messages from President Luis. The exchanges reopened. Frenzied coffee speculators begged the President to save the coffee situation by declaring a general moratorium. This he flatly refused to do, patiently explained how ruinous to Brazil's commercial credit such action would be. The result of the week's alarums and pronouncements seemed to leave President Luis, like Atlas, supporting Brazil's top-heavy coffee market on his own slight shoulders...
Coffee has been Brazil's bonanza for over a century. There are more than 100 Brazilian planters with individual incomes exceeding $50,000. Most of them spend three lavish months a year in Paris, three decorous months at their massive Baroque mansions in Rio de Janeiro, and the remaining half year supervising their estates. Most of these rich men hail from Sāo Paulo, "The State With a Billion Coffee Trees," which produces over half the world's crop. Most of them believe firmly in the efficacy of a combination in restraint of trade to keep prices...
...these new plantations have come into production it has proved steadily harder to keep the price of coffee up. Pressure by the potent planters on the Brazilian Government forced the adoption of most dubious expedients by the state. These have included the buying and storing in State warehouses of Brazil's coffee surplus for a number of years, until today the Government of President Washington Luis is saddled with a stupendous hoard of coffee supposed to exceed 13 million bags -as much as an average year's crop...