Word: carvalho
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Last week the country was in the midst of its sixth Cabinet crisis in 18 months-and President Joao Goulart was engaged in another of those nimble political maneuvers by which he solves nothing but somehow survives. Out as Finance Minister went Carlos Alberto Alves Carvalho Pinto, 53, the able onetime governor of Sao Paulo state, who resigned in anger after six hopeless months of struggle against Brazil's wild inflation (about 85% in 1963), its fleeing capital and its immense foreign debt. In to cope with the same problems came Ney Galvao, 60, a smalltime provincial banker whose...
Politics as Usual. What happened to Carvalho Pinto is typical of how Goulart operates. Pinto's predecessor as Finance Minister was Francisco San Tiago Dantas, whose promises of fiscal good behavior brought $398.5 million in U.S. aid at a tight moment. Dantas lasted less than six months before Goulart fired him. To quiet the outcries of the fiscal community, Goulart put in Carvalho Pinto, a hardheaded conservative. For a time Pinto was able to stop the endless cranking out of meaningless new currency; he also fought against featherbedded government payrolls, called on workers and management to hold down wages...
...While Carvalho Pinto was talking confidence to businessmen, Goulart gave a magazine interview warning of an impending "social disaster of catastrophic consequences," an interview that sent the cruzeiro tumbling (presently 1,220 to the dollar). While Carvalho Pinto called for austerity, Goulart gave the green light to hire more government employees. Twice Carvalho Pinto submitted his resignation; each time Goulart talked him into staying...
...Finance Ministry Francisco San Tiago Dantas, a brilliant, opportunistic politician whom the U.S. regarded as a man doing his honest best to carry out a needed austerity in Brazilian affairs. Having obliged the spenders by removing Dantas, Goulart quieted the savers by appointing in his place Carlos Alberto Alves Carvalho Pinto, 53, a hardheaded governor largely responsible for Brazil's most fabulous success story, booming São Paulo state. Goulart's choice as Foreign Minister was more controversial-his own chief presidential adviser, Evandro Lins e Silva, 51, a onetime criminal lawyer, the man who accompanied Goulart...
Before the revolution in Iraq. De Carvalho hied himself to the fighting in Yemen, where he went deeper into royalist territory than any other U.S. correspondent. It was rough going, at a "tropic latitude and a mountain altitude," with nights freezing and days burning. It wasn't only the peril of dodging Egyptian fire; once, miles from the front, a bullet whizzed by, and then as he flattened himself, an other. Out from the brush, rifle in hand, came a woman. "I thought he was an Egyptian," she said. Among the galabiya-wearing Yemeni, only Egyptians are known...