Word: brazil
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Dates: during 1960-1969
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...middle road is a difficult political path to follow, especially in Latin America, and Brazil's President Joao ("Jango") Goulart may yet veer back into the leftist demagoguery that gave him his start as a labor leader. But last week he showed that he means what he says about fiscal stability, economic austerity, and a fair shake for foreign investors. At the same time, as an astute politician, he remembered his vows to the nationalists who have long been his supporters...
...attack Brazil's roaring inflation, Goulart raised the required reserves of private banks from 14% to 22% of deposits. The move should cut the amount of currency in circulation, by tightening the amount available for loans. Next, Goulart went after Brazil's sorely unbalanced trade (last year's deficit: $67 million), increasing the rate of exchange from 310 cruzeiros to the dollar to 350 for buying, and from 318 to 359.30 for selling. This should encourage exports and make imports more expensive...
...Brazil's Francisco de Assis Chateaubriand Bandeira de Mello-"Chatô" to Brazilians-has fallen on sad times. He was the builder and sole commander of an $85 million, 58-company empire that included 31 newspapers, twelve television stations, 22 radio stations, four magazines, a news agency, two pharmaceutical laboratories and three coffee-and-cattle ranches. He crusaded to push Brazil into the air age, with a campaign that dotted the nation with aviation clubs. He built child-care centers all over Brazil, bullied friends and enemies into filling a $15 million Sāo Paulo art museum with...
James's who left the TV set on in his parked and well-marked Rolls-Royce so that Londoners would be sure to know that Brazil was in town...
Parent to Strangers. The battle goes on across a broad chasm that Chatô, in his frantic private life, dug between himself and his children. In 1922 he married the daughter of a French architect living in Brazil; the two separated before his first son, Gilberto, was born. Three years later, Chatô married the daughter of a Brazilian banker; before they parted, his second son, Fernando, was born. Chatô saw to it that his two sons were well educated and well provided for, but beyond that he had little time for them. After one of his frequent quarrels...