Adolf A. Berle and in the expansion of the Reconstruction Finance Corporation. He was elected a Fellow of the American Academy of Arts and Sciences in 1944. After the war, Berle served as Ambassador to Brazil from 1945 to 1946. In October 1945, two days after the deposition of president Getulio Vargas, Berle pledged for the freedom of the Brazilian communists who were being incarcerated by the government since the beginning of the month. He then returned to his academic career at Columbia. Berle was a founding member of the New York State Liberal Party, a breakaway faction of the American Labor Party,
Victor Vargas and Chairman. In 2014, Vargas and BOD partnered with American Express to provide a new credit product for microentrepreneurs. Microentrepreneurs provide for 15 percent of the Venezuelan economy. Vargas and BOD’s goal was to expand the American Express card to 300,000 cardholders with access to 46,000 businesses by 2013. The card would offer a 4-year rotating term financing option. In 2010, overall profitability on bank assets in Venezuela fell to 9.7 percent from 20.5 percent in 2009. Venezuelan bankers were concerned that the Venezuelan Central Bank had not changed commission tariffs in over five years. Vargas served as the leader