Word: oswaldo
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Dates: during 1950-1959
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Brazil's energetic Finance Minister Oswaldo Aranha is a good friend of the U.S., but at the moment he is no friend of U.S. investments. Last week, in an interview with the New York Times's Sam Pope Brewer, Aranha made this abundantly clear. Brazil, Aranha explained, wants neither loans nor investments from abroad. Said he: "We have depended too much on outside aid. That's why we have not made more progress. We must learn to stand on our own feet." Foreign private capital, he said, has done Brazil more harm than good, and if foreign...
...Brazil," said newly appointed Finance Minister Oswaldo Aranha last week, "is a sick patient that needs to be told the truth." The truth, as Diagnostician Aranha bluntly told it, was even worse than the patient had thought: "Our total trade debt amounts to $1 billion. We owe the U.S. nearly $500 million." At home, "the cost of living has increased 11% more in the last five months; new money in circulation has increased 4 billion cruzeiros...
Faced with ever-increasing trade debts abroad and inflation-fed popular unrest at home, President Getulio Vargas last week summoned back to his side his most famed oldtime lieutenant. As his new finance minister, he chose Oswaldo Aranha, 59. Like Getulio, a gaucho from Brazil's south, Oswaldo was field commander of the 1930 revolution that first brought Vargas to power. In the heyday of the Good Neighbor policy, he became Vargas' popular envoy in the U.S. and his stoutly pro-allied foreign minister during World War II. As a member of the conservative opposition after...
...neighbors, concentrating on Europe and Asia and "taking it for granted that we could forget about South America for a time and then go back and find everything the same as it was before." Brazilians, who had been saying exactly this for years, were delighted. Said onetime Foreign Minister Oswaldo Aranha: "We are beginning a new era." Headlined Montevideo's El Pais; FOSTER DULLES HITS BULLSEYE. Bogotá's El Tiempo, one of Latin America's clearest democratic voices, commented: "What is heartening is the insistence on ending the policy of indifference...
...Vargas' reply was characteristically enigmatic. He would accept, he said, if the two other major political parties, the Social Democrats and National Democratic Union, could not agree on a joint candidate. If he really had a candidate of his own in mind, most likely the man was able Oswaldo Aranha, his onetime Foreign Minister. But many Brazilians seemed to think that Getulio was maneuvering for his own return to power...