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When the 1964 Brazilian military coup ousted Leftist Joao Goulart and installed President Humberto Castello Branco, one of the country's most desperate needs was an infusion of private foreign capital. Goulart's free-spending ways had so fanned chronic inflation that the annual increase in the cost of living was nearly 150%. Foreign investors had started paring their spending plans. Many companies had contemplated shutting down and forgetting the whole thing; one, International Harves ter, did just that. Now, only 21 years later, a dramatic reversal is under...

Author: /time Magazine | Title: Brazil: Back with Backing from Abroad | 12/16/1966 | See Source »

...first general election since the army toppled President Joao Goulart almost three years ago, and Brazilians took their voting seriously. There were the usual murders in various election brawls. In some remote western areas, voters traveled 19 days in order to reach the nearest ballot box. As the votes came in last week, they pointed toward a resounding sweep for the government's ARENA Party...

Author: /time Magazine | Title: Brazil: In the ARENA | 11/25/1966 | See Source »

This year's shortage is somewhat artificial. Under Castello Branco, who came to power in the 1964 coup that overthrew Leftist Joao Goulart, the nation's 13 political parties were melded into two-an official government party known as ARENA and an official opposition party called MODEBRAS. Naturally, ARENA dominated Congress, and so when Castello Branco decreed that the next President would be elected by Congress, the opposition finked out. That left the field to Marshal Artur da Costa e Silva, 64, former War Minister, leader of the army's ultra-conservative "hard line...

Author: /time Magazine | Title: Brazil: The Making of a President-Elect | 10/7/1966 | See Source »

Trust Your Commanders. When the military rose up against Leftist Joao Goulart last year, it was Costa e Silva who was responsible for putting Castello Branco in the presidential palace. Since then, he has been a buffer between the soft-lining President and the linha dura (hardline) officers, who want ironhanded "revolutionary government." Last month, after anti-government candidates won gubernatorial elections in the key states of Minas Gerais and Guanabara, Rio's powerful First Army was on the verge of revolt-until Costa e Silva stepped in. "You must trust your commanders," he told the officers. "They...

Author: /time Magazine | Title: Brazil: The Other Barrel | 11/12/1965 | See Source »

...Disgust. The new act is undoubtedly harsh, probably harsher than Castello Branco, a man dedicated to constitutional democracy, would have liked to see. Yet it is what the military linha dura, or hardline, officers demanded. These are the soldiers who led the March 1964 coup against Leftist Joao Goulart in disgust at the corruption, demagoguery, and opportunistic politics that have prevailed in Brazil for years. Under Castello Branco, the Communists have been wiped out but not all the grafters have-and this has been a constant irritation to the military...

Author: /time Magazine | Title: Brazil: The Hard Line Of Castello Branco | 11/5/1965 | See Source »

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