Word: kubitscheks
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Dates: during 1950-1959
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After blowing hot and cold for months over a barter deal with Russia-Brazilian cocoa for Russian oil-Brazil decided last week to say no. The backout was a victory for anti-Red advisers of President Juscelino Kubitschek, led by Foreign Minister Francisco Negrão de Lima...
Aligned against Negrão de Lima was a faction that included Kubitschek's kitchen-cabinet foreign-affairs adviser, pudgy Augusto Frederico Schmidt. Schmidt's clique insisted that Brazil accept Russia's repeated offers of trade and aid, largely to lever the U.S. into greater generosity. Last October the government announced it was trading 20,000 bags of cocoa for 60,000 tons of Soviet crude. But the Russian oil turned out to be the same type of paraffin-heavy crude that Brazil is already forced to export for lack of refining capacity...
Brazil was in the third phase. Buckling under labor pressure, President Juscelino Kubitschek offered Brazilians the merriest Christmas in history-a 60% increase in minimum wages, and a 30% pay boost for the army and government employees, effective immediately. Playing Santa Claus would raise Brazil's record budget deficit of $285 million, but the news of the proposed wage hike ended the recent rash of cost-of-living riots (TIME...
...country and praised by the same reader for exposing the unlovely truth in a neighboring land. TIME is eagerly sought as a window on the world, and denounced as an unwanted interventionist in foreign affairs. A story of impressive accomplishment in Brazil recently inspired President Juscelino Kubitschek to pull out his Portuguese-English dictionary and translate it personally for the local press. Another story of the drought that is starving thousands in northeast Brazil moved Rio's Diario Carioca to comment: "How sad! How true! How bitter that our national disaster and disgrace, which we all knew about...
...transition of power was peaceful, in contrast to Argentina (where President Arturo Frondizi was elected after the overthrow of Dictator Juan Perón), Brazil (where President Juscelino Kubitschek was permitted to take office only because of an army "preventive coup") and Venezuela (where an election is being held to replace a dumped dictator...