BRAZIL: Return of Aranha

Faced with ever-increasing trade debts abroad and inflation-fed popular unrest at home, President Getulio Vargas last week summoned back to his side his most famed oldtime lieutenant. As his new finance minister, he chose Oswaldo Aranha, 59. Like Getulio, a gaucho from Brazil's south, Oswaldo was field commander of the 1930 revolution that first brought Vargas to power. In the heyday of the Good Neighbor policy, he became Vargas' popular envoy in the U.S. and his stoutly pro-allied foreign minister during World War II. As a member of the conservative opposition after the war, he embarked on a career at...

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