Word: brazil
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Dates: during 1990-1999
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...BRAZIL. Like Pakistan, Brazil solemnly denied for years that it had an atom bomb program. The country's new civilian President, Fernando Collor de Mello, has admitted publicly that such a military effort was under way, and has ordered it closed down. He shoveled a symbolic two scoops of lime into a 1,050-ft. test-site shaft last month and ordered the site closed...
...UNCERTAIN GRACE: THE PHOTOGRAPHS OF SEBASTIAO SALGADO, San Francisco Museum of Modern Art. The first U.S. exhibition for the Brazilian-born Salgado, a onetime economist who took up photography to document life in developing nations. Whether in a Peruvian village, an open-pit gold mine in Brazil or a refugee camp in Ethiopia, Salgado sees not just hardship, though he sees a great deal of that, but also the immemorial underpinnings of life -- tradition, community and work -- that give suffering a meaning. Through...
...average American family's annual clothing costs by $750 in a decade. While the House vote fell short of the two-thirds needed to override the veto, the U.S. textile industry still hopes for an eventual success. Developing countries deplore the bill. "How can the American government justify asking Brazil or other countries to open their economies when the U.S. is closing its own?" asks Adimar Schievelbein, a consultant to the Brazilian shoe industry...
...Brazil the oil shock strikes just as President Collor de Mello's radical anti-inflation regime, which includes a tight monetary policy, is beginning to show results. Inflation, which hit 73% a month before the plan took effect last March, has cooled to less than 13%. Government officials predict that Brazil will lose $3.3 billion because of higher oil costs and loss of exports through 1991. If prices stay at $25 per bbl., next year's energy bill will grow $2 billion. As a result, Brazil may not resume payments on its foreign debt of $115 billion...
...WORLD: Brazil's Fernando Collor de Mello tries the most radical economic reform ever -- but struggles to make it stick...