Word: argentina
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...went to the diagonally opposite side of the world, Argentina, where the Andes would stunt-double for the Himalayas. This time, says Annaud, the Chinese tried pressuring the governor of the Argentine province of Mendoza. When he refused to cave, Annaud says, China put pressure on the Argentine government, which said thanks, but we can make our own policy on lucrative location shoots. The film was finally shot in Argentina, Chile, England, Austria and British Columbia. But the ruckus made Annaud a semiofficial Enemy of the People's Republic. "I am supposedly banned from China," he notes. Friends have seen...
...from overeager Argentine admirers while shooting Seven Years in Tibet on location in the Andes, which doubled for the Himalayas. By one account, Pitt's living quarters were ringed by young girls chanting, "Ole! Ole, ole, ole! Brad Peeeeet!" "Yeah, yeah, there was that stuff," he says, embarrassed. "Argentina is a place where not many movies come through, so I could have been New Kids on the Block for all they cared. And that stuff never did much for my ego. I mean, when we were kids, my sister had Andy Gibb up on her wall, so that kind...
...peso crisis and believes the region is just starting a two- or three-year up-cycle, which will be fueled by corporate cost cutting. Brazil's Petrobras, an oil company, should be one beneficiary. He also likes paper-goods manufacturer Kimberly-Clark de Mexico and land developer IRSA in Argentina...
Soros sank $10 million into the company, and his timing--as usual--was impeccable. In 1991 Argentina's battered economy turned around; an independent currency board has maintained a rock-solid one-to-one parity between the peso and the U.S. dollar, which in turn encouraged Soros to increase his investment; it totals around $250 million. Flush with cash, IRSA has been on a buying spree, investing in everything from a $50 million sports complex to major office buildings to $450 million worth of swank shopping malls. In the posh ski resort of San Carlos de Bariloche in the Andes...
...same period a year earlier. Growth is expected to hit 6% in 1997 and 4.8% in 1998. Inflation, which reached 34.4% in 1996, will be sliced in half by the end of next year. Brazil's economy will expand 4% this year and 4.4% in 1998, according to Behravesh. Argentina, which was wallowing in recession in 1995, has rebounded sharply and will grow 6.5% this year and 5.5% in 1998, he predicts. Inflation will be zero this year and below 4% next year...