Word: brazil
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Dates: during 1960-1969
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...funeral, but they preferred to flock to the beaches. The solemn salute of gunfire every ten minutes from Rio's forts went largely unnoticed. Thus, followed to the very end by the unpopularity that had been his lot in three years as an honest but uncharismatic President of Brazil, Humberto Castello Branco last week went to his grave at the age of 66, victim of a plane crash in the fifth month of his retirement. Said former Planning Minister Roberto Campos in a eulogy: "He had an aversion to easy promises and theatricalized results. He deeply dreaded creating false...
Faith in Patience. When Castello Branco and current President Arthur da Costa e Silva (TIME cover, April 21) organized the 1964 military coup that toppled Leftist Joao Goulart, Brazil needed even more than truth. Communists and corruption were everywhere. The cost of living was climbing at the fantastic annual rate of 144% in Goulart's last year, and the Brazilian cruzeiro was barely worth the paper it was printed...
...best trainers in the business is the Experiment in International Living in Putney, Vt., which this summer is preparing 2,700 Americans for life in 44 different lands. The Peace Corps is relying on the Experiment to prepare 174 volunteers for duty in Afghanistan, Brazil, and Iran, has sent it 1,500 trainees in all since 1961. A score of colleges and universities, including Pomona and Dartmouth, count on it to manage their overseas studies program...
...Brazil's inflation-ridden economy, getting a new car financed usually means making a 50% down payment and pay ing a whopping 3½% monthly interest on the balance over the next 18 months. Nonetheless, Brazil makes a substantial number of its own vehicles, and sells its tax-heavy trucks and cars (price of a new Volkswagen: $2,693) at a rate of 18,000 a month. Part of the explanation is an ingenious lottery called the consorcio, which gives Brazilians a gambler's chance to acquire a new car far sooner than they otherwise could-unless...
Today, auto dealers themselves are sponsoring consorcios, and even manufacturers are getting into the act. Months ago, Max Pearce, General Managing Director of Willys-Overland do Brazil, began to notice the spectacular successes some local dealers were having with consorcios, wondered if the scheme might not be worth trying on a nationwide basis. Last month the company kicked off a consorcio campaign expected to generate communal purchases of 2,500 cars a month by 1969. Skeptical at first, João Lopes Coelho, director of a dealer-run lottery operation in Rio de Janeiro, lauds the whole idea as "typical...