• Short Summary

    WILD INFLATION, SNOWBALLING STRIKES AND POLITICAL MANOEUVRING IN BRAZIL IS PLACING THE COUNTRY IS JEOPARDY.OBSERVERS?

  • Description

    WILD INFLATION, SNOWBALLING STRIKES AND POLITICAL MANOEUVRING IN BRAZIL IS PLACING THE COUNTRY IS JEOPARDY.OBSERVERS REPORTING FROM RIO DE JANEIRO SPEAK OF AN IMPENDING MILITARY TAKEOVER.YESTERDAY (MONDAY) PRESIDENT JOAO GOULART MADE A LAST-MINUTE WITHDRAWAL OF HIS REQUEST TO PARLIAMENT FOR A 30-DAY STATE TO SIEGE TO BE DECLARED IN BRAZIL.HE HAD SOUGHT THE DECLARATION TO ALLOW HIM TO DEAL WITH LABOUR PROBLEMS.

    HOWEVER, HIS CRITICS CLAIMED HE INTENDED USING THE "SIEGE" POWERS TO CURB THE RIGHT-WING GOVERNOR GUANABARA STATE, SENOR CARLOS LACERDA, WHO HAS BEEN ACCUSED OF PREACHING REVOLUTION.
    PRESIDENT GOULART WITHDREW HIS REQUEST FOR THE STATE OF SIEGE AFTER HIS MILITARY ADVISERS REPORTED GROWING PACIFICATION IN THE COUNTRYSIDE.

    IN THE PAST FORTNIGHT THE GOVERNMENT HAS HAD TO COPE WITH A WAVE OF STRIKES, BITTER WRANGLING BETWEEN THE MILITARY AND LEFT-WING GROUPS, EMPLOYEES ALONE GOT A WAGE INCREASE OF 105 PER CENT.THE CONCESSION FOLLOWED THE CLOSING OF THE BANKS.

    MERCHANTS IN THE CAPITAL ARE DISPOSING OF THEIR GOODS AND TRYING TO PUT THEIR MONEY INTO SUCH INFLATION RESISTANT ITEMS AS DIAMONDS AND CARS.THE CRUZEIRO WAS ONCE SOLD AT 200 TO THE DOLLAR.NOW ONE DOLLAR BRINGS 1100 CRUZERIOS.ON THE STOCK EXCHANGE PRICES ARE BOOMING FOR ANYTHING IS BETTER THAN MONEY IN BRAZIL.

  • Tags

  • Data

    Film ID:
    VLVACYSURK04132UBIWXZ4FDWJAOK
    Media URN:
    VLVACYSURK04132UBIWXZ4FDWJAOK
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    08/10/1963
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:30:00
    Time in/Out:
    /
    Canister:
    N/A

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