Word: branco
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General Castelo Branco is the leader of this military regime which came to power after overthrowing leftist President Joao Gotildart, Castelo Branco will be replaced this March by General da Costa Silva who was elected in an indirect vote by the Brazilian Congress...
...very hard to preview that because [Congress has just elected] a new president [Arthur da Costate Silva] who is also a general, who was minister of war, and who was forced upon Castelo Branco as a way of getting rid of Castelo Branco without disrupting the army unity. So they chose the minister of war and said. "You are going to be the next president." But still be is a general. He had some supporters and some enemies, but away he is different from Castelo atanco in his concept of government. BeCastgelo Branco is a so-called military intellectual, while...
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...
...likely to allow that to happen often or in any major companies. Nonetheless, foreign capital's share of private industry has been estimated to have increased to as much as 50%. And the national-identity issue is an increasingly emotional rallying point. With his military support, Castello Branco never had to worry about such gripes from the voters; newly elected President Artur da Costa e Silva is not so lucky. He is now painstakingly studying the economy. When he takes over in March, his common sense may well want to follow the current course, but his political sense might...