Word: castello
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...Natural Choice. Declaring all-out war against tax dodgers, then-President Humberto Castello Branco pushed through a law making tax evasion a crime (maximum penalty: two years) and providing for payroll deductions and official inspection of private bank accounts. An economist and accountant with 22 years' experience in tax work, Travancas was a natural choice to head the program. He began by weeding out dishonest tax collectors and setting up special training programs for new recruits. To find Brazil's big spenders, Travancas' agents combed membership lists in race-track and yacht clubs, studied society columns, watched...
When Costa e Silva took office last March and promised some relief from Castello Branco's brand of austerity, Brazil's upper classes began pressuring him to relieve them of Travancas. Costa held off, waiting for the right moment. It finally came when, during a television interview in Sao Paulo, Travancas described a big new crackdown on 3,000 delinquent companies. "If we were to look into all business returns in Sao Paulo," Travancas told his interviewer, "there would not be enough jail space to hold the tax evaders." Asked if a concentration camp were not the answer...
...Castello Branco knew how to give orders and have them carried out, but had difficulty in making them liked or understood. Within a year after his rise to power, his methods had cost his government its earlier popularity, and the doughty little ex-general withdrew even further into himself. "A soldier learns patience," he once told a visitor. "I am a patient man." Prohibited from succeeding himself, he willingly left the limelight after Costa e Silva's inauguration as President in March. He spent most of his time with his family, was seen now and then at the opera...
...Public. As Castello's successor, Costa e Silva is taking a new approach to Brazil's economic problems. Where Castello blamed excess demand for the country's inflationary troubles and tried to limit the amount of money in circulation, Costa's government is putting emphasis on industrial development to help meet the demand. Thus, in a recent three-year plan setting down guidelines for his administration, Costa called for an "acceleration of development" first and "containment of inflation" second. All that Costa seeks is "relative stability of prices" and "inflation inferior to the year before." Such...
Died. Humberto Castello Branco, 66, former President of Brazil (see THE WORLD...