Word: branco
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
When he took office almost three years ago, Brazil's plucky, pragmatic President Humberto Castello Branco came out against Communism, corruption and economic instability, and man aged to score some impressive successes (see WORLD BUSINESS). The way he did it angered many of his countrymen...
...result, Brazilians have been wondering what will come after next March 15, when the military's hand-picked President-elect Artur da Costa e Silva takes office. More of the same? Or a gradual return to democracy? Last week they got their answer when Castello Branco released the proposed draft of Brazil's first new constitution since...
Though most Brazilian newspapers attacked the constitution as another step toward dictatorship, Castello Branco had no fears about congressional passage. With his proposed draft, he issued "Institutional Act No. 4," which calls Congress into extraordinary session between Dec. 12 and Jan. 24 for "discussion, voting and promulgation" of the new constitution. If Congress votes it down, the act empowers Castello Branco simply to go ahead and decree...
When the 1964 Brazilian military coup ousted Leftist Joao Goulart and installed President Humberto Castello Branco, one of the country's most desperate needs was an infusion of private foreign capital. Goulart's free-spending ways had so fanned chronic inflation that the annual increase in the cost of living was nearly 150%. Foreign investors had started paring their spending plans. Many companies had contemplated shutting down and forgetting the whole thing; one, International Harves ter, did just that. Now, only 21 years later, a dramatic reversal is under...
...reasons for the foreigners' return start with Castello Branco. While he has slowed but by no means halted inflation (the cost of living is up 39.5% this year), he has demonstrated an encouragingly tough-minded intent that investors do not think will be reversed. The cruzeiro's exchange rate has been held at 2,200 to the dollar for more than a year, taxes are being collected more diligently, credit has been tightened, and the constant wage increases have been slowed. Moreover, his persuasive economics minister, Roberto Campos, has beat bushes abroad convincing hesitant investors that...