Word: goulart
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...whose statue, arms outstretched, gazes down on Rio from Corcovado, would be able to do much about Brazil's endemic sin of inflation. In one 31-month period, the cost of living soared an astronomical 340%, and in 1964 alone, the year that free-spending João Goulart was thrown out, it was heading up 150%. Yet when President Humberto Castello Branco took over, he confidently vowed to achieve stability in just two years...
...landed on his feet. The charges against him somehow got dropped in time for him to run for office again (including twice, unsuccessfully, for President). His strident anti-Communism-plus the 30,000 state troopers at his command-won him a place in the 1964 revolution that overthrew Jango Goulart. True enough, he had a few bad moments when the reform-bent military regime started out with a purge of corrupt politicians, but his name never appeared on the purge lists. Friends among the top brass managed to cross it off in the nick of time...
Lesser men would have been chastened by the military's zeal against corruption. Not Adhemar. While revolutionary tribunals zeroed in on the in discretions of Leftist Goulart and his allies, the Governor blithely launched an all-out kickback campaign that local businessmen defined wryly as "the golden era of the little tin box." Few new enterprises could get started without cutting Adhemar in, and established concerns were often hit for "contributions" to Adhemar-invented causes. An $18 million school-construction contract was mysteriously awarded without public bids...
...lend $80 million early this year for power projects. The International Monetary Fund, another long-absent investor, chipped in $125 million, plans to offer $120 million to $180 million more in new standby credit next year. And the U.S., which cut Alianza aid to Brazil to a trickle under Goulart, has granted more than $500 million in technical and economic assistance...
...more dangerous challenge came from the hard-line military officers who backed the coup against leftist President João Goulart 20 months ago. They took bitter issue with the President's determination to honor the results of the October gubernatorial elections in eleven states-including Guanabara (Rio), where the surprise winner was an old-time politician whom the military has been grilling about Communist ties' Castello Branco reacted by shutting down a far-rightist military group known as LIDER, then bolstered his strength at the First Army's huge base outside Rio by putting...