Word: offing
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Dates: during 1960-1960
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The U.S. counterattack attempts to deal with realities. Instead of a smelter, it calls for the construction of tin ore concentration plants to step up the ore-metal percentage. U.S. conditions for the loan are tough but businesslike. In addition to laying off some 8,000 nonproductive workers, the government...
End of Myth. Although he tentatively accepted the U.S. offer, President Victor Paz Estenssoro still planned to send a mission to Moscow. Like many Latin American leaders, he must thread a delicate political path between right and left inside his country. There is already what amounts to open guerrilla warfare...
In such a situation Paz Estenssoro could not afford to give the impression of rejecting the Russian smelter offer out of hand. Nor did the U.S. expect him to. But as he prepped his officials for next month's mission, high officials leaked that the junket was aimed at...
Five years ago Brazil's President Juscelino Kubitschek unlocked Brazil's treasure chest, hauled out fistfuls of cruzeiros and headed west, into the empty interior. He covered a lot of ground-establishing the new capital of Brasilia, creating an auto industry turning out 140,000 vehicles a year...
Last month Kubitschek's money presses clanked out 4.4 billion cruzeiros worth ½? U.S. each, will probably add another 10 billion this month to meet year-end expenses. Total money in circulation: 194 billion cruzeiros-nearly three times the amount when Kubitschek took office. Brazil's builder-spender...