Word: branco
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...Diaz Ordaz administers a prosperous, rapidly industrializing nation. Venezuela's Raul Leoni is pumping his country's vast oil wealth into impressive reforms; Argentina's Arturo Illia is struggling with inflationary troubles in the best-fed nation in Latin America; and Brazil's Humberto Castello Branco seems to be starting his gigantic country back toward order after toppling a ruinous leftist regime. But there is genuine excitement in Peru. What is going on there under Belaúnde lights a path ahead for the entire spiny west coast of South America from Colombia to Chile...
...office in downtown Rio were defiant posters: IT IS EASY TO DESTROY, BUT IT TAKES 35 YEARS TO BUILD! WE WILL NOT DIE! The protests were against one of the most severe economic reforms yet attempted by Brazil's revolutionary government. In a special decree, President Humberto Castello Branco ordered the country's big Panair do Brasil airline to cease operations immediately, grounded its planes, and turned over its domestic and international routes to other Brazilian lines...
Weak as it was, Panair was still something of a national institution, and Castello Branco's sudden action brought shocked outcries. The governor of Amazonas State declared a state of emergency and flew to Rio to try and plead with Castello Branco. Panair's directors vowed to appeal the President's order to the Supreme Court, but it does not reconvene until March 9. By then the airline will probably have been torn apart by its competitors and creditors...
...Under Castello Branco's order, Panair's domestic service will go to Cruzeiro do Sul and VASP, which fly to most of the same cities anyway. The real prize, Panair's routes to Europe and the Mideast, will go to Varig, which is already South America's biggest airline and by far its best. Founded in 1927, Varig has been run for the past 23 years by Ruben Berta, 57, a onetime Lufthansa accountant who has built it into an international operation with routes to South America's west coast and the U.S., a huge...
...amendments, more than a few at government pistol point. Among them were measures to increase taxes, adjust ridiculously low rents, head the country toward a central bank, start a sensible land-reform program, and assure private foreign investors of a square shake. When Congress reopens in two weeks, Castello Branco has another armful of proposals. He intends to let the air out of the government's bloated administrative payroll, a key move against inflation, deliver a plan for development of the destitute northeast region. Most important, he will present Congress with a program to reform Brazil's crazy...