Word: branco
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...determined tug of war has been going on behind the scenes in Brazil's revolutionary government. On one side stands little (5 ft. 5 in.) President Humberto Castello Branco and those who prefer to deal with corruption and subversion by constitutional methods. On the other side range the linha dura (hardline) military men who want to continue the star-chamber purges that Castello Branco ended after six months (TIME, Oct. 16). Last week Castello Branco gave in to the linha dura in order to get on with the important business of saving Brazil from economic ruin...
...that Fidel is a fraud." Guatemala's junta of colonels has given the country its biggest-and most surprising-boom in history. In Brazil, the question was not whether Leftist Joao Goulart would lead Latin America's biggest nation into civil war-but when. Under Humberto Castello Branco, a retired army general, the country finally seems pointed toward stability, if the reforms continue and the revolutionaries can keep from fighting among themselves...
After Leftist Joao Goulart was deposed last March, Brazil's new government declared all-out war on three items that had become Goulart's trademark: Communism, corruption and inflation. By last week President Humberto Castello Branco and his revolutionaries had dealt forcibly with the first two. Inflation is proving far more difficult. Nowhere in Latin America is inflation so deeply and strongly rooted -until it has become as much a part of Brazil as carnival and the inky cafè-zinho Brazilians sip at corner coffee bars...
...Castello Branco is determined to slow the whirligig. His new Minister of Economic Planning, Roberto de Oliveira Campos, 57, onetime Ambassador to the U.S. and a brilliant economist, has eliminated $200 million a year worth of subsidies for wheat, oil and newsprint, has raised taxes and tightened collections. One of his first moves was to end the 75% to 100% salary increases of the Goulart days; he set up credit bureaus to expand farm production and lower food prices. To encourage more investment, the government is also liberalizing profit-remittance laws. This month the Brazilian Congress finally set aside...
...befall us. There will always be between us, I am sure, a special alliance." There were more immediate matters to discuss. The Brazilians having promised to compensate the former French owners of the Sāo Paulo-Rio Grande railroad nationalized in 1940, De Gaulle and President Castello Branco issued a communiqué expressing the hope that "the two governments will reach fully satisfactory results as rapidly as possible regarding the other questions still pending between France and Brazil." The most outstanding of these problems is the Brazilian claim that once Brazilian, a lobster always remains Brazilian, no matter...