Word: moreira
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Chief among the technicians is Finance Minister Walther Moreira Salles, 49. A liberal-minded banker who was twice Ambassador to the U.S., Moreira Salles has tried hard to shake Brazil out of its economic nightmare-a looming 1961 budget deficit of $600 million, with inflation rumbling into the wheelbarrow stage. Moreira Salles turned off the spinning cruzeiro presses, laid plans to slash government spending 20%, drew up a sense-making tax-reform bill. The cruzeiro free-exchange rate, fallen 33% (to 360 to the dollar) firmed up to 340 and seemed about to right itself...
...Deputies, and supported by extreme right-wing businessmen fearful of foreign competition, the bill posed such a threat to badly needed investment dollars that even do-little Prime Minister Neves was trying to get it watered down in the Senate. (President Goulart declared in favor of the bill.) Moreira Salles' finance ministry estimated that the measure would cost Brazil $250 million a year in investment and cause unemployment for 1,000,000 Brazilians. At week's end, the cruzeiro plummeted to a new record low of 400 to the dollar...
Eminent Respectability. The Cabinet list that Goulart and Neves produced was certainly respectable. To tackle the economic chaos left behind by Kubitschek's inflation and Quadros' panic, they named as Finance Minister Walther Moreira Salles, a banker who twice served ably as Ambassador to the U.S. and has helped negotiate well over $1 billion worth of U.S. credits. As Foreign Minister, Neves named San Tiago Dantas. an expert in international law chosen by Quadros to represent Brazil at this month's U.N. General Assembly session. Congress accepted the entire Cabinet package...
...housed in the Brasilia Palace Hotel," ruled the chief of the inaugural committee, as 5,000 invited dignitaries fought for its 180 first-class rooms. Conrad Hilton, arriving to lay the cornerstone of his Brasilia Hilton, was offered a cot in the Palace Hotel barbershop. Said Deputy Neira Moreira: "I regret to report that Deputies are even drawing arms to assert their rights to dwellings...
...announced the supreme fashion leaders in its annual international poll to uncover the world's best-dressed women. Among the past year's chosen few: Britain's Princess Alexandra, Nicole Alphand (wife of France's ambassador to the U.S.), Manhattan Social Lioness Peggy Bancroft, Elizinha Moreira Salles (wife of Brazil's ambassador to the U.S.), Monaco's Princess Grace, Paris-Palm Beach Hostess Gloria Guinness, Cinemactresses Audrey Hepburn and Merle Oberon. Four other ladies rustled their way into permanent niches in the stratospheric Fashion Hall of Fame in recognition of their "faultless taste...