Word: america
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Brazil is no stranger to economic crises. In the 1970s and '80s, Latin America's economic giant turned financial mismanagement into an art form. The current global turmoil has not left Brazil unscathed: stock prices, exports and growth are all down. But something interesting is at work this time around, and the best place to see it is in one of Brazil's favelas, the vast urban slums that are desperate even in the best of times. Walk through São Paulo's sprawling Brasilândia, though, and you don't sense the relentless doom and gloom gripping...
...endemic. But consider: 53% of Brazil's 190 million people now occupy the middle class, up from 42% in 2002. This increased social mobility happened at the same time the country's main stock index soared some 480% before last fall's downturn. Lula seems to have cracked Latin America's chronic conundrum: how to expand underachieving economies while reducing epic inequality. In so doing, he's created a model that's "an insurance ticket, not a lottery ticket," says Marcelo Neri, head of the Center for Social Policies in Rio de Janeiro...
...course, others will want to listen to him. Lula was one of the few leaders with whom both U.S. President George W. Bush and Venezuela's Chávez had decent relations. Lula told TIME he has "high expectations" that Obama will turn "a new page" on Latin America and "put aside traditional U.S. insistence on a narrow, one-sided approach that focuses almost exclusively on free trade and the drug war." Like most Latin leaders, Lula wants Obama to lift the U.S. trade embargo against Cuba. And he is keen (he may be disappointed) to see the U.S. throw...
...supported the overthrow of the democratically elected Prime Minister in 1953. The U.S. supported Saddam Hussein against Iran during the war, and they shot down an Iranian passenger plane in the Persian Gulf in 1988 killing 300 men, women and children. Iranians should never forget and forgive America. Parviz Zarrabi, MANCHESTER, ENGLAND...
There is the America whose history you've lived through, and then there is the America guarded by the Watchmen, founded in 1940 as the Minutemen. In this parallel nation, in the Times Square revelry on V-J day, a nurse was kissed by the slinky superheroine Silhouette. J.F.K. greeted Dr. Manhattan, the preternatural, irradiated blue man, at the White House and was gunned down by the splenetic, cigar-chomping Comedian. A U.S. astronaut walked on the moon and found Dr. M. waiting for him. In 1971, President Richard Nixon sent Manhattan and the Comedian to Vietnam...