Word: borrowing
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...tenth-largest) but Brazil goes to the polls amid financial turbulence caused by the ripple effects of the Argentinean meltdown. Last month, the credit rating agency Moody's dropped Brazil's foreign currency bonds to five levels below investment grade, making it even more difficult for the government to borrow money and putting additional pressure on Brazil's foreign currency reserves. This despite the fact that many of the fundamentals remain sound: Although this year's growth figure predicted by Morgan Stanley is a sluggish 0.6 percent, Brazil has managed to maintain a healthy level of exports - an annual...
...Investors' concerns about the candidate's economic maturity and ability to rein in Brazil's tendency to over-borrow and overspend appear to ignore the fact that the country's erratic economic performance over the last few years has occurred on the watch of certified free-marketeers. Ideological suspicion rather than the hard reality of policies appears to be guiding decision-making in the world's financial centers in the weeks prior to the vote. Lula's supporters point to his party's successes in turning the southern state of Rio Grande do Sul, which it has ruled...
...former editor of U.S. News, wrote in the Atlantic Monthly last fall. “They affect the number of students who apply to a school, donations from alumni, pride and satisfaction among students and faculty members, and even the terms on which colleges can borrow money in the financial markets...
...Carry a designer's shopping bag with you, even if you have to borrow one. It will give you shopping credibility. On the off chance that you buy something, have the store send it to your hotel...
...jingle of coins multiplying at two per cent per annum has given way to the jingle of the singing commercial, And their advertisements, implying that anyone who doesn't turn in his this year's car for a next year's model with all the latest accessories and borrow the difference from them is a frugal old fogy, range from the supplicatory to the coercial...