Word: brazil
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Dates: during 1950-1959
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Right in the middle of Brazil's white-hot, off-year* election campaign, a shabby, ill-shaven politico stopped abruptly in the middle of a "give-'em-hell" speech. Reaching into his coat pocket, he pulled out a sandwich and began to munch it in full view of his audience. Then, with ostentatious frugality, he wrapped the crumby remainder in paper and carefully stowed it away again. He was vote-catching Jânio Quadros, candidate for governor of São Paulo. Brazil's richest state...
...Weight for All. In the most important single race in Brazil's nationwide elections (TIME, Oct. 18), Underdog Quadros was up against ex-Governor Adhemar de Barros. Jânio and Adhemar are both magnificently mustachioed, and Adhemar is almost as expert as Jânio at platform histrionics, but there the resemblance ends. Adhemar, 53, multimillionaire proprietor of a well-oiled political machine, is expensively tailored, hearty of mien and exuberant of speech...
...Prizes. Among the winners: Editor Jorge Mantilla of Ecuador's El Comercio, who won the $500 prize for "work on behalf of press freedom" after he refused to print a government communique in his paper and was closed down by the police; and Carlos Lacerda, fiery publisher of Brazil's Tribuna da Imprensa (TiME. Aug. 16), for his crusading editorials against government corruption. Said Lacerda: "There is one lesson we learn from events in Brazil. [It is the] growing responsibility of the press in forming a public opinion capable of fighting...
...charge: restraining coffee trading and thereby causing prices to rise out of all proportion to supply and demand. As it had before (TIME, Aug. 9), FTC hit hard at the exchange's "restrictive" contract, which permits trading only in "Santos 4" coffee, an average grade shipped from Brazil's port of Santos and accounting for 10% of U.S. consumption (2.78 billion Ibs. last year). FTC suggested that the exchange "cease and desist" from the narrow-futures trading that prevents coffee prices "from being an adequate reflection of supply and demand.". Said FTC: "There is a direct relationship existing...
...coffee, the . . . standard of value." But the exchange does trade in other grades, said he (in all, about 40% of U.S. coffee). Actually, prices are set not by the exchange alone. Such big roasters as A. & P., General Foods, Standard Brands, etc.. which have their own buyers in Brazil, import much of the coffee brewed in the U.S. If the price of Santos 4 climbs too high on the exchange, as happened this summer, Colombian coffee soon moves in and prices start to slide...