Word: brazil
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Dates: during 1950-1959
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...slim, smiling Governor Kubitschek. son of a Polish immigrant, heard somebody say that the 1955 presidential election would be a lottery. Commented Kubitschek: "The governor of Minas Gerais holds a ticket." A year later the left-of-center Partido Social Democratico (P.S.D.) gave Kubitschek the task of touring Brazil and getting local P.S.D. leaders to agree on a 1955 presidential candidate in advance of the party's nominating convention. Kubitschek assiduously set about selling himself. A strong selling point was his record as an industrious builder of roads and hydroelectric plants during his four years as governor of Minas...
...last December, Kubitschek was running for President so energetically that Brazil's top-ranking military chiefs sent President Joao Cafe Filho a memorandum calling for "a solution to the problem of presidential succession on a basis of understanding and interparty cooperation." Translated from the officialese, the message meant that the generals and admirals wanted the right and center parties to put up a joint candidate to swamp Kubitschek...
...military's opposition to Kubitschek stemmed mainly from distrust of the late President Getulio Vargas, who committed suicide last August after the generals had warned him to resign in order to resolve a growing administrative scandal. The generals are determined that the next President of Brazil shall be, like Café Filho, a man unstained by the Vargas regime's mar de lama (sea of mud). As the military sees it, Kubitschek is linked to the old Vargas camp...
...Brazil called for emergency help from Washington last week. Because of lagging coffee exports, the country was desperately short of dollars. Fortnight ago. the government cut the minimum coffee-export price from 65.7? a lb. to 53.8?-a measure that should eventually revive exports and bring in more dollars. Meanwhile, Brazil urgently needed a stopgap dollar loan. Heeding the call for help, U.S. Assistant Secretary of State Henry Holland interrupted his visit to Cuba with Vice President Richard Nixon, flew to Rio. In less than 24 hours, Washington's Export-Import Bank announced a new $75 million credit...
...coffee drinkers got a welcome treat last week. After Brazil cut the minimum export price to 53.8? a lb. (v. 87? last June), prices tumbled to the lowest levels in more than a year. General Foods Corp., biggest U.S. roaster, clipped 5? off the price of Maxwell House, pushed the wholesale price down to 97?. A. & P. Co. slashed its Eight O'Clock coffee from 89? to 79? a lb. Standard Brands cut 10? a lb. off Chase & Sanborn...