Word: getulio
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Dates: during 1950-1959
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Already shaking with economic chills and fevers, Brazil floundered last week into its gravest political crisis since the suicide of President Getulio Vargas last year. The sudden exposure of a gamy political deal involving President Joáo Café Filho brought on two angry Cabinet resignations and the dismaying collapse of the administration's plans for a controlled transfer of presidential power in next October's election...
Brassbound General. Brazil's top military leaders are staunchly opposed to Candidate Kubitschek because he was politically linked with Getulio Vargas. After Kubitschek won the nomination of the Social Democratic Party, headed by Vargas' son-in-law, a coalition of right-and-center party leaders, backed by Café Filho and the generals, decided to put up brainy General Juarez Távora, Café Filho's chief military adviser and by reputation a man of brassbound integrity...
Died. Arthur da Silva Bernardes, 70, onetime (1922-26) President of Brazil and indefatigable opponent of foreign-capital operations in Brazil; of a heart attack; in Rio de Janeiro. Outspoken, scrupulously honest Politico Bernardes was exiled and later pardoned by President Getulio Vargas for his part in the unsuccessful São Paulo revolt in 1932, in later years was widely hailed as the elder statesman of Brazilian nationalism and as a major influence behind the 1953 petroleum bill, which closed Brazil's oil resources to foreign companies...
...military's opposition to Kubitschek stemmed mainly from distrust of the late President Getulio Vargas, who committed suicide last August after the generals had warned him to resign in order to resolve a growing administrative scandal. The generals are determined that the next President of Brazil shall be, like Café Filho, a man unstained by the Vargas regime's mar de lama (sea of mud). As the military sees it, Kubitschek is linked to the old Vargas camp...
...slow inflation, Gudin called for cruzeiro-pinching by the government, curbs on bank credit and tax reform. The two preceding Finance Ministers also drew up disinflationary programs, but inflation kept right on. What makes Gudin's prospects sounder is that President Café Filho is backing him up. Getulio Vargas failed to back up his men, Horacio Lafer and Oswaldo Aranha. While Lafer was tightening credit, the Bank of Brazil was loosening it; while Aranha was trying to curb prices, Vargas decreed a 100% increase in minimum wages...