Word: suls
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...plan under which the utilities would be nationalized for fair value. Brazilian Traction agreed. So did American & Foreign Power Co. Inc., whose eleven subsidiaries, worth $250 million, produce 10% of Brazil's power. International Telephone & Telegraph Corp., which recently lost a telephone system to Rio Grande do Sul's Leftist Governor Leonel Brizola and is still trying to collect, was noncommittal. But Goulart's decree last week should do something to ease I.T. & T.'s pain. The government promises a down payment of 10%, with the rest to be repaid on a long-term basis provided...
...testing the political air, and he probably found it good. His tentative early supporters in clude Guanabara State Governor Carlos Lacerda, who has had second thoughts about his bitter anti-Quadros denunciation that helped push Quadros toward abdication; demagogic Governor Leonel Brizola of Rio Grande do Sul; Bahia Governor Juracy Magalhaes ; and reactionary ex-Navy Minister Silvio Heck, who burst into tears when he received a personal letter from "our President." Barred by the constitution from retaking the presidency, Quadros may go along with supporters who would like to see him Prime Minister, a post that can be shaped...
...lack of national leadership has led to the rise of regional demagogues, who have grabbed headlines for personal political gain. Leading the parade is Leftist Governor Leonel Brizola of Rio Grande do Sul state, a brother-in-law of Goulart, who in January began inciting peasants to occupy privately owned plantations. Last month Brizola stirred an international storm (and sorely embarrassed Goulart, who is to visit the U.S. next month to ask for $589,200,000 in Alliance for Progress aid) with his seizure of the International Telephone & Telegraph Corp. subsidiary in his state. Cynically, Brizola is offering...
...have no hostility or animosity against foreign capital," despite Rio Grando do Sul's recent taking over of the U.S. operated International Telephone and Telegraph Company. IT & T is a utility company, and so a special case...
Half a Loaf. With a private army at his back of tough Gauchos from his own state of Rio Grande do Sul, Jango laid proper claim to the Presidency. In doing so, he had the backing of nearly every civilian leader in Brazil, whatever their misgivings. The solution was the inauguration of Goulart as President, but under a new constitutional amendment making him a figurehead in a parliamentary system controlled by a Prime Minister...