Word: cruzeiro
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...slow inflation, Gudin called for cruzeiro-pinching by the government, curbs on bank credit and tax reform. The two preceding Finance Ministers also drew up disinflationary programs, but inflation kept right on. What makes Gudin's prospects sounder is that President Café Filho is backing him up. Getulio Vargas failed to back up his men, Horacio Lafer and Oswaldo Aranha. While Lafer was tightening credit, the Bank of Brazil was loosening it; while Aranha was trying to curb prices, Vargas decreed a 100% increase in minimum wages...
Because the economy was still shaking from the inflationary impact of the minimum wage decree when Gudin became Finance Minister, he was unable to halt the cruzeiro's slide right away. His immediate aim is to slow down the rate of in flation from the recent 2% a month to a mild 6% a year...
Candidate Barros campaigned with flamboyant confidence, proclaimed himself the next Brazilian President (by law, President Joâo Café Filho cannot succeed himself), and offered a 1,000,000-cruzeiro ($55,000) reward to anyone who could prove him a thief. Taking a broom as his campaign's cleanup symbol, Quadros appealed to the downtrodden with such rabble-rousing slogans as "War on the Corrupt Rich!" It was a close race, undecided until last week; Jânio's margin was a mere 18,304 votes out of nearly 2,000,000 cast. Promised...
Gloves for Garbagemen. Jânio's triumph brought into startling prominence in Brazil an unpredictable personality who owes allegiance to no party but has never lost an election, who sometimes talks like a two-cruzeiro demagogue but insists that "all my intellectual formation is based on Washington, Jefferson, and Lincoln." He began his political climb in 1946 by winning a seat in the São Paulo city council with the help of worshipful pupils and ex-pupils. From there he went on to the state legislature, where he sponsored a record 2,007 bills (60 passed, including...
...week's end, Aranha had promised to pay even if he had to dip into Brazil's gold reserves. When he said he would not devalue the currency now, the cruzeiro free-rate firmed up from 52 to 45 to the dollar. In a move to trim ship, he decided to unload Brazil's overpriced cotton stocks on the world market, though it might mean taking a $27 million loss on the treasury books. It was a tough line, but it won support at home and abroad. President Getulio Vargas called in his old-time lieutenant...