Word: kubitscheks
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...Brazil's politicians knew better. Partly, it was pure orneriness. It was also an expression of anger at local officials, who have done nothing about the city's unpaved streets and open sewers. And since those officials were members of the coalition that elected President Juscelino Kubitschek, they also took the rap for Brazil's rising prices and the shortages of such basic commodities as beans and beef...
Brazil's President Juscelino Kubitschek found the second major effect of the new coffee policy in the latest Brazilian foreign trade figures. Last year Brazil's balance of payments deficit was $307 million; this year the experts figured the deficit would be closer to $400 million. But the booming coffee sales are bringing unexpected millions, and last week, by conservative reckoning, the 1959 deficit promised to be $200 million or less; Kubitschek & Co. even talk of a surplus. Turned down three months ago when he applied for approval from the International Monetary Fund for a $300 million bailout...
Brazil's presidential election is still 14 months away but, as in the U.S., candidates are running and interest is high. In Rio de Janeiro last week, Field Marshal Henrique Baptista Duffles Teixeira Lott. 64, the Minister of War and standard bearer for President Juscelino Kubitschek's Social Democrats, hopped on the stump and drew howls from the opposition. Though the old soldier had just arrested a colonel for getting into politics, he himself appeared in uniform and armpit-deep in medals. The opposition wailed again when Kubitschek handed the powerful Ministries of Public Works and Justice-Interior...
BRAZIL'S President Juscelino Ku-bitschek, out to develop his sprawling, potentially rich nation at any price, has snowballed an economic boom just one miraculous jump ahead of his creditors. What are President Kubitschek's chances of staying out in front until the inflationary boom starts paying off? See THE HEMISPHERE, The Bumblebee...
...Lose. Some Brazilians like to think that Brazil has stumbled onto some miracle of economic alchemy. "It is like the bumblebee," says Publisher Manuel de Vasconcelos. "According to the laws of aerodynamics, the bumblebee cannot fly. But the bumblebee ignores the law, and flies anyway." Deliberately, President Juscelino Kubitschek ignores usual standards of fiscal stability and gambles instead on a revolution of development. "Fifty years of progress in five," he promises...