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...past flirted with repudiating Brazil's massive external debt. Lula, 56, a former labor-union leader running for the presidency for a fourth time, is likely to defeat Jose Serra, the candidate of the governing coalition, in the runoff on Oct.27. Following the economic catastrophes in Argentina and Uruguay, American bankers fear that the commitment of Latin America to the Washington Consensus, the bundle of free-market policies that has been adopted on the continent since the late 1980s, may be in jeopardy. Given the exposure of U.S. banks and exporters to Latin America, that could translate into lost jobs...

Author: /time Magazine | Title: Something to Celebrate | 10/21/2002 | See Source »

...past flirted with repudiating Brazil's massive external debt. Lula, 56, a former labor-union leader running for the presidency for a fourth time, is likely to defeat Jose Serra, the candidate of the governing coalition, in the runoff on Oct.27. Following the economic catastrophes in Argentina and Uruguay, American bankers fear that the commitment of Latin America to the Washington Consensus, the bundle of free-market policies that has been adopted on the continent since the late 1980s, may be in jeopardy. Given the exposure of U.S. banks and exporters to Latin America, that could translate into lost jobs...

Author: /time Magazine | Title: Brazil's Election Something to Celebrate | 10/14/2002 | See Source »

Think again. Argentine beef, prized for tenderness, is banned in the U.S. Chances are this was raised elsewhere and shipped via Argentina. The usda is devising a new, clearer label on beef's geographical origin. Voluntary guidelines are expected this month and mandatory ones in 2004. --By Janice M. Horowitz

Author: /time Magazine | Title: What's Branded on Your Beef? | 10/14/2002 | See Source »

...apparently more than 500,000 of them couldn't resist the opportunity to have them all on one disc. The album also provided an occasion for the world to share a rare moment of international consensus, as it also reached No. 1 in the U.K., Canada, France, Brazil, Australia, Argentina and the United Arab Emirates, among other countries. Don't be surprised if the next meeting of the United Nations is kicked off with a rendition of Hound...

Author: /time Magazine | Title: People: Oct. 14, 2002 | 10/14/2002 | See Source »

...Prudential says it will appeal. Who Wants To Be Employed? In a move that comments on the quality of German TV as much as on its economy, Neun Live will launch a game show this fall in which the top prize is ... a job. The concept is imported from Argentina, where the show was an instant hit. BOTTOM LINES "They are treating Switzerland like an alpine Iraq." Jean-Claude Juncker, Luxembourg's Prime Minister, on E.U. states threatening to sanction Switzerland for refusing to share information about E.U. citizens' bank accounts "We worship at the feet of J.K. Rowling." Jeff...

Author: /time Magazine | Title: Why Putin Has the U.N. over a Barrel | 10/13/2002 | See Source »

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