Word: juscelino
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...home-town had spent most of the available public funds to build a hanging garden in a park. Says Furtado: "During that visit home, I decided to fight backwardness for Brazil's northeast, so that no more hanging gardens were built before the problems were solved." Ex-President Juscelino Kubitschek put him to work. After an hour's talk, Successor Quadros confirmed the appointment, raised Furtado to cabinet rank...
...puts it, painting "the Brazilian people being born, living and dying, in their rituals and feasts, at their work and play." Portinari's work has been in the pages of TIME'S ART section on several occasions, and he has also painted Brazilian Presidents Getulio Vargas and Juscelino Kubitschek, but this is his first TIME cover. Delighted at the assignment to paint his President, he recalled that he once painted a cousin of Quadros', and told her: "You have all the beauty in the family. There wasn't a centavo's worth left...
...restore reality to the meaningless fiction of overstated income and understated outgo that passed for a national budget under ex-President Juscelino Ku-bitschek, Quadros issued his own flinty figures for next year. Adding up the funds needed to support the immense bureaucracy and public works program inherited from Kubitschek, Quadros predicted a deficit of $513 million-so great, said Quadros, that "a potential deficit of this size has never before been confessed by a chief of state...
Brazil, its costs spiraling higher and higher, has been without substantial foreign aid since 1959, when ex-President Juscelino Kubitschek refused to end his wild spending and to accept International Monetary Fund recommendations of deflationary austerity. Quadros is prepared to accept IMF terms. He has already introduced drastic currency reforms that have, in effect, raised prices by ending subsidies on the retail price of such commodities as bread (up 77%) and gasoline (up 80%). He has fired 35,000 government employees, and slashed the salaries of upper-rank government employees 30%. The result has been noisy grumbling that threatens Quadros...
understanding and support." The Bad News. Quadros' hope of winning U.S. support rests chiefly on his domestic policies. He inherited from his flamboyant predecessor, Juscelino Kubitschek, a cumulative $1 billion budget deficit, prospects of a $700 million balance-of-payments deficit, and rampant inflation...