Word: branco
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...that is changing. Having kicked out Leftist Joao Goulart, Brazil's new President Humberto Castello Branco is determined to put his country's economic house in order once and for all. To do the job, he has chosen Roberto de Oliveira Campos, 47, a brilliant economist and diplomat, who was Brazil's Ambassador to Washington until last December, when he quit in disgust at Goulart. As Minister of Economic Planning, Campos knows just how big a task he faces. In 31 months of Goulart, the value of the cruzeiro plummeted 83%, and the cost of living rose...
Taxes & Land. All week long, Castello Branco received a steady stream of bankers and businessmen, economists and social scientists-all those to whom the deposed João Goulart had often refused to listen. Out of the meetings came the broad outline of his program for Brazil. He intends, say his advisers, to encourage foreign investment, overhaul tax collection and increase revenues, limit inflationary bank credit, set up an independent central bank to control the currency presses. The government's wild spending will be cut and its mammoth bureaucracy trimmed to happier size...
Land reform is a primary objective -but not the kind of unthinking reform that destroys large, productive farms, while leaving peasants with little except a few hardscrabble acres. Castello Branco wants to reorganize the graft-ridden state and county land-tax system, put it under federal control, and devise an equitable tax rate in proportion to size and productive capacity. Small farmers will get easier credit and more technical help. Even the country's creaky judicial system will come in for attention; today it can take seven years for a court case to come to trial. "If the measures...
Political Voices. At week's end the worst of the purge seemed over. A graver danger to unity was the politicians. After winning the presidency for Castello Branco, the military let the politicians have a say in the Cabinet and vice-presidency. In a week of argument and political infighting, ten of 13 ministers were named; among those to come were the crucial ministers of labor and foreign relations. With their eyes on the 1965 elections, both Guanabara State Governor Carlos Lacerda and Kubitschek were in the thick of the bargaining. A Lacerda man-and a good one-landed...
...Alkmim will have little to do except preside over the Senate. And President Castello Branco is not the sort to let the politicians talk on forever-not with Brazil's people in uniform squarely behind him. As tough old War Minister Artur da Costa e Silva said, "The time has now come for the army to return to its barracks. But our mission is not over. We will continue our vigilance. President Castello Branco can always count on his soldiers. At his first cry, they will be on their feet...