Word: goulart
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...that is changing. Having kicked out Leftist Joao Goulart, Brazil's new President Humberto Castello Branco is determined to put his country's economic house in order once and for all. To do the job, he has chosen Roberto de Oliveira Campos, 47, a brilliant economist and diplomat, who was Brazil's Ambassador to Washington until last December, when he quit in disgust at Goulart. As Minister of Economic Planning, Campos knows just how big a task he faces. In 31 months of Goulart, the value of the cruzeiro plummeted 83%, and the cost of living rose...
...million-a-year wheat and petroleum import subsidies, cut the national budget 30%, and is promoting a bill that will create a National Monetary Council for stabilizing finance and trade policy. It also intends to cut back commercial credit for businessmen, hold down those famous 100% wage boosts Goulart liked to pass out to unions, expand exports by offering credit insurance...
Brazil's favorite guessing game for the last four weeks has been "Whither Brizola?" A demagogic leftist Congressman and brother-in-law of deposed President João Goulart, Leonel Brizola had last been seen two days after the revolution, scooting up a Pôrto Alegre street in a green Volkswagen-an angry, rock-throwing crowd chasing him on foot. Then he dropped from sight. Was he hiding out in his home town of Pôrto Alegre? "Impossible," sniffed the Pôrto Alegre military. "We would have captured him." Uruguay? "Impossible," echoed the border patrol...
...Satchel of Money. Goulart's real wealth may never be known. The investigators hesitate even to make an estimate. They do know that on the night of the revolution, several large canvas bags were loaded into the plane that flew him south from Brasilia. The contents of at least one of the bags was U.S. currency...
...what of the man himself? With his beautiful wife and two small children, João Goulart is in Uruguay, living in a small Montevideo hotel. Uruguay has granted him asylum, and he is reportedly looking for a permanent home. His far-leftist brother-in-law, Leonel Brizola, is still at large somewhere in southern Brazil, possibly on his own Fazenda Aceguá, a sprawling sheep and cattle ranch straddling the Brazil-Uruguay border...