Word: brazil
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Dates: during 1950-1959
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Already shaking with economic chills and fevers, Brazil floundered last week into its gravest political crisis since the suicide of President Getulio Vargas last year. The sudden exposure of a gamy political deal involving President Joáo Café Filho brought on two angry Cabinet resignations and the dismaying collapse of the administration's plans for a controlled transfer of presidential power in next October's election...
Brassbound General. Brazil's top military leaders are staunchly opposed to Candidate Kubitschek because he was politically linked with Getulio Vargas. After Kubitschek won the nomination of the Social Democratic Party, headed by Vargas' son-in-law, a coalition of right-and-center party leaders, backed by Café Filho and the generals, decided to put up brainy General Juarez Távora, Café Filho's chief military adviser and by reputation a man of brassbound integrity...
...state governors who intend to run for President resign at least six months before election day. As the April resignation deadline neared, Jânio Quadros passed the word that he was thinking of running. It was highly doubtful whether Quadros really intended to give up the governorship of Brazil's richest state only six months after his election in order to run a long-shot race for the Presidency, but his cold-blooded bluff panicked the leaders of the Távora alliance. Asked to name his price for staying out, Quadros unblinkingly demanded three federal Cabinet posts...
...camp's dismay, the press found out all about the under-the-table deal, reported it in screaming headlines to a scandalized nation. Capable Finance Minister Eugenio Gudin indignantly resigned, and the Minister of Transport and Public Works followed him out. Gudin's departure sent inflation-battered Brazil's cruzeiro sliding downward...
Currently producing only about 3% of its oil consumption, inflation-plagued Brazil has to pay out much of its desperately needed dollar income for petroleum imports. Many clear-thinking Brazilians, well aware that Petrobras lacks the capital and technical skill to undertake large-scale oil exploration, are convinced that the 1953 law stunts the nation's economic growth. But nationalistic sentiment remains overwhelmingly strong. How strong it still is became evident last week in the Brazilian Senate, which voted on a bill to amend the Petrobras law and permit 30-year oil concessions to private Brazilian firms. The proposal...