Word: branco
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Dates: during 1960-1969
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When he installed Humberto Castello Branco as Brazil's President after the 1964 revolution, War Minister Artur da Costa e Silva, 63, the bluff, hearty head of Brazil's military, said loudly and clearly that he had no desire to be President himself. That was two years ago, however, and General Costa e Silva has since decided that being President is not such a bad idea after all. In fact, he has all but tied up the job as successor to Castello Branco...
Wall Street's tremors reverberated last week through Rome's Via Parigi, Rio's Avenida Rio Branco and Hong Kong's Queen's Road Central. With tens of thousands of non-American investors holding stakes in the U.S. stock market, foreign trading on the New York Stock Exchange rose from $5.8 billion in 1961 to $7.8 billion last year, when it accounted for more than 5% of all Big Board transactions. One reason for the market's weakness is that the foreigners have been selling. Last year they sold $409 million more than they...
Naturally, few sane Brazilian politicians dreamed of going to elections in Modebras, and so many tried to jump into the Arena that Castello Branco had to appeal to their public patriotism to get an opposition party...
...there were complications. Castello Branco, who is honest and, for a general, fairly liberal, shares control of the Brazilian army with his hard-lining, hard-living war minister, General Artur Costa e Silva. The two men have never quarreled in public, but they have seldom agreed in private, and when Costa e Silva announced his candidacy for this year's presidential elections, eyebrows went up all over Brazil. At first there was speculation that Costa e Silva, who neither understands nor sympathizes with the government's attempts to stabilize the economy, might run as candidate for the opposition...
Temporary Compromise. That, of course, put Castello Branco in a fix. He had already declared himself out of the running, and so he began to look around for a presidential candidate who would continue the economic reforms that Costa e Silva resists. Now there was a new twist that only a Brazilian could properly savor: the President himself recruiting a candidate to run against his own government party. Not only that, but since Castello Branco has already decreed that the President is to be elected by Congress instead of by popular vote, and since Castello Branco controls Congress, he could...