Word: estado
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...morning last November President Getulio Vargas of Brazil sat down as usual to a dish of mamau (a Brazilian fruit that looks like cantaloupe), unfolded a newspaper with an expectant smile. It was the second anniversary of Brazil's Estado Novo-the semi-Fascist State that President Vargas created in 1937-and he looked forward to a paean of headlines in Brazil's press...
Slowly his smile faded. Getulio Vargas put down his spoon, opened one Rio de Janeiro paper after another, tossed each aside. In most, Year III of his Estado Novo began with no more than a few casual lines on page one. In some, it was buried deep inside. President Vargas' breakfast and his day were ruined...
...contrived plan whereby the Chase would do for Cuba what Cuban American proposed to do as a bank of issue, thus retaining for the Chase its dominant position. Further to checkmate the Chase, Promoter Greñas had the support of the Asociación National de Acreedores del Estado, organized and fostered by him, composed of some 75,000 native creditors of the Cuban state-chiefly veterans, civil servants, teachers, small bondholders. The Asociación could be counted on to oppose any Chase payoff before their claims were met. At the week's end, the Chase faced...
...work will certainly take time. But a few hours sufficed the Davila Government to take over the Banco Central, organized as the sole Chilean bank of issue after Princeton Professor Edwin Walter Kemmerer, famed "Currency Doctor" was called to Santiago. Last week the Banco Central was rechristened Banco del Estado and Finance Minister Don Alfredo La Garrigue spoke of inflating the Chilean currency by 200,000,000 pesos "which would be gradually withdrawn." Next he got down to the serious business of drafting a decree covering deposits of foreign money in Chile. ''The problem requires," he observed darkly...
...Cabinet is considered "strong." Foreign Minister Afranio de Mello Franco used to represent Brazil at League of Nations meetings, is the Brazilian diplomat best known in Europe. Minister of Finance Jose Maria Whitaker is a former President of the Banco do Brasil and of the Banco Commercial do Estado de Sao Paulo. Acts of the new Cabinet: 1) declared the Brazilian Congress retroactively dissolved on Oct. 3 last, the day the revolution began; 2) placed responsibility for payment of obligations incurred by the Washington Luis Government since Oct. 3 upon the officials who authorized the expenditures; 3) postulated that, since...