Word: goulart
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Dates: during 1960-1969
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Brazilians know Lacerda as a politician in perpetual motion, the man whose unceasing attacks forced Jãnio Quadros to resign and focused opposition on his successor, the Leftist João Goulart. He is a hard man to feel neutral about. In blazing headlines around the country, pro-Lacerda papers took up the cudgels for his "most noble civic and moral propositions." Anti-Lacerda papers vilified him as a "murderer" and "torturer." As he neared Rio last week, political enemies narrowly missed in an attempt to dynamite his train. Brazil's three other major political parties hastily announced...
...improving the lot of the peasants. "Only by giving liberty with reforms," says Rivera, "can we demonstrate that Fidel is a fraud." Guatemala's junta of colonels has given the country its biggest-and most surprising-boom in history. In Brazil, the question was not whether Leftist Joao Goulart would lead Latin America's biggest nation into civil war-but when. Under Humberto Castello Branco, a retired army general, the country finally seems pointed toward stability, if the reforms continue and the revolutionaries can keep from fighting among themselves...
After Leftist Joao Goulart was deposed last March, Brazil's new government declared all-out war on three items that had become Goulart's trademark: Communism, corruption and inflation. By last week President Humberto Castello Branco and his revolutionaries had dealt forcibly with the first two. Inflation is proving far more difficult. Nowhere in Latin America is inflation so deeply and strongly rooted -until it has become as much a part of Brazil as carnival and the inky cafè-zinho Brazilians sip at corner coffee bars...
...Oliveira Campos, 57, onetime Ambassador to the U.S. and a brilliant economist, has eliminated $200 million a year worth of subsidies for wheat, oil and newsprint, has raised taxes and tightened collections. One of his first moves was to end the 75% to 100% salary increases of the Goulart days; he set up credit bureaus to expand farm production and lower food prices. To encourage more investment, the government is also liberalizing profit-remittance laws. This month the Brazilian Congress finally set aside $188 million to purchase the assets of American & Foreign Power Co., part of which were expropriated under...
...inland capital of Brasiília, a vast network of roads, thriving new steel and auto industries, all at a cost of giddy inflation and staggering debt. His successor, Jânio Quadros, recognized the dangers, but quit after seven months, leaving the economy at the mercy of Goulart. In a 31-month spending spree, Goulart literally papered the country with money, tripling the amount of currency and raising the cost of living 340%. When the military finally toppled Goulart, the cost of living was on its way to a 144% increase...