Word: arminio
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Will investors be reassured by one of their own? Brazil put a former George Soros aide in charge of its central bank, hoping that Arminio Fraga Neto's track record might restore investor confidence. The real strengthened on the news, but it may take more than appointing a former Soros investment director to turn the country around. "To regain the confidence of foreign investors and the IMF, Fraga will have to convince them that Brazil can close its budget gap and restore its financial health," says TIME senior business reporter Bernard Baumohl. "There may be a momentary rebound...
...process huge numbers of diners, Boston's Mama Leone's has lost any sense of intimacy and family that still lingers in the New York restaurant and supplemented it with large, noisy, open, plain dining rooms more reminiscent of the Greyhound Bus Station than Sunday dinner at the D'Arminio's. Thankfully, no attempt was made to make a month-old building look 100 years old by using plastic bricks, fiberglass rustic beams, and electric candles...
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