Word: castello
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...last week Humberto Castello Branco wrote a short note and sent it to the president of Brazil's Senate: "Because of my inauguration tomorrow as President of the republic, I have the honor of presenting your excellency this declaration of the worldly goods which I possess." There were seven items: an apartment in Rio worth $5,000, four parcels of stock worth $9,000, "one Aero-Willys automobile, 1961 model" and "a perpetual tomb in the São João Batista cemetery in Rio de Janeiro." The note was the considered duty of an honest...
Next day at 3 p.m., all across the huge land, church bells tolled, artillery boomed, factory whistles screamed and horns blared on thousands of buses, trucks and cars. Before the assembled state Governors, national Congressmen and generals in Brasília's Chamber of Deputies, former General Castello Branco solemnly took the oath of office as his country's 26th President. Said he: "I shall do everything possible to consolidate the ideals of the Brazilian nation when it rose-splendid in courage and decision-to restore democracy and free itself of the frauds and distortions that made...
Taxes & Land. All week long, Castello Branco received a steady stream of bankers and businessmen, economists and social scientists-all those to whom the deposed João Goulart had often refused to listen. Out of the meetings came the broad outline of his program for Brazil. He intends, say his advisers, to encourage foreign investment, overhaul tax collection and increase revenues, limit inflationary bank credit, set up an independent central bank to control the currency presses. The government's wild spending will be cut and its mammoth bureaucracy trimmed to happier size...
Soldier at the Top. Perhaps the best guarantee against that was Castello Branco, the man chosen as President. Brazilian Social Historian Gilberto Freyre once described him as "a soldier from head to toe, a military man without Prussian arrogance, and one of the greatest Brazilian intellectuals not just in the armed forces but in the entire nation." An up-from-the-ranks infantryman who led Brazilian troops in Italy in World War II, Castello Branco is a lover of good music, reads avidly in four languages, has lived in both France and the U.S., and is reported to have...
...ahead is staggering. It is, as one Brazilian calls it, a "mandate for insomnia." Brazil's economy is an inflationary wreck, its politics a shambles. Reform will demand sacrifice. It will be up to Castello Branco and his government to justify the high price that Brazilians may have...