Word: redonda
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...incident that sent the church into opposition occurred in the steelmaking town of Volta Redonda, after four university students had borrowed Bishop Waldir Calheiros' station wagon to distribute antigovernment pamphlets. A few hours later, eight tommy-gun-toting soldiers broke into Dom Waldir's home, searched his belongings and threatened to arrest him as a subversive. When a local radio station canceled a Catholic program and read an army-composed editorial against the bishop instead, Dom Waldir drew up and had printed a new list of Brazil's "seven capital sins," which included low salaries, unemployment, hunger...
...agency called the National Commission to Encourage the Stabilization of Prices (CONEP) to get the operation going, placed it under the direction of Guilherme Borghoff, one of Campos' chief aides. To set an example, the government barred price increases by such state-owned enterprises as the Volta Redonda steelworks, whose prices soared 148% last year. Though businessmen yelped when Campos raised taxes and suggested that they trim profit margins, they lined up to take the price pledge with a minimum of arm twisting. Says Max Pearce, the boss of Willys-Overland do Brasil: "Who can take the risk...
...Brazil's blighted northeast elbow) ended costly subsidies on imports of wheat and petroleum, even though high-test gasoline prices immediately doubled. They raised the fare on Rio commuter trains from 3 mills to 1½?. They limited bank credit, froze steel prices at the government-owned Volta Redonda plant, and persuaded auto, truck and clothing manufacturers to hold the price line. Goulart, who rose to power as labor's pal, even promised a group of industrialists that he would hold wages firm so long as they restrained prices...
...promptly made foreign capital his prime target. Said he in a small, high-pitched voice: "We no longer desire that the sweat of Brazilian workers serve to build riches for those abroad." At his second rally of the day, he called for improvement of the government steel mill, Volta Redonda, and "more guarantees for untouchable Petrobras," the state oil monopoly...
...discuss Brazil's need for U.S. help in jacking up its economy and coping with Communist penetration efforts. Afterwards, Holland remarked: "No doubt about it, this appears to be the best government to deal with that Brazil has ever had." Said Nixon in a speech at the Volta Redonda steel plant the following day: "I confidently believe that Brazil is on the threshold of an era of progress unequaled in history by any nation in this Hemisphere. I am confident that with its abundant resources, its great people and its dedicated leadership, Brazil's progress in the next...