Word: paulo
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...with soaring food prices, shrinking pay and government corruption, the people of São Paulo, Brazil's No. 2 city (pop. 2,500,000), rose in wrath last week and repudiated their political bosses. In a municipal election that was supposed to be a rubber-stamping of the government's choice for mayor, they voted 2-to-1 for a rank outsider. Then they launched a wave of sudden strikes that threatened to paralyze the whole metropolis...
...section (a more movable fixture, it turned out, than was contemplated at first, when Personality always appeared opposite the People section), News in Pictures, color pages in TIME's Art section, and color portfolios on areas of the world of special news interest. Among them: São Paulo, Hawaii, Kentucky's horse farms, French Morocco, Bolivia, the Missouri Valley and four pages of reproductions from Manhattan's Metropolitan Museum...
...Melancholy anniversary!" commented the conservative newspaper 0 Estado de São Paulo. "After two years Senhor Getulio Vargas still struggles in a vacuum of perplexing inactivity." Said Rio's Correio da Manhã, "The hour is ripe for sinister demagogues...
...tycoon of São Paulo, of Brazil and probably of all Latin America is Count Francisco Matarazzo Jr., 52. The commercial empire founded by his Italian-born father was already the biggest in Brazil when he inherited it 15 years ago. Since then the count (Italy's Victor Emmanuel bestowed the title in 1917 for charities in Italy) has tripled the empire's possessions. His firm, Industrias Reunidas F. Matarazzo (I.R.F.M.), employs more than 30,000 workers in 367 plants (textiles, foodstuffs, 80-odd other miscellaneous products...
...Paulo, the world's fastest-growing major city, Matarazzo's may well be the world's fastest-growing fortune. But as the strong-minded boss of a closed family enterprise, the count himself is the only man who knows, and he is not inclined to say. His consolidated statement for last year indicated that his firm rolled up a gross profit before taxes of 831,864,738 cruzeiros ($43.4 million). Thanks to Brazil's easygoing tax laws, which take only 17½% of dividend returns, Majority Stockholder Matarazzo's income for the year soared high...