Word: brazil
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Dates: during 1990-1999
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America has perpetrated countless pop fads on Europe, so now the Continent is getting its revenge. They call it lambada, the trendiest dance since the hustle. A torrid thigh-to-thigh two-step that swept across Europe last year after being imported from Brazil by French music promoter Jean Karakos, lambada and its Afro-Latin sound have hit America in a hurricane of hype. World Beat, an album by the lambada band Kaoma, has sold 600,000 copies. Two hurriedly produced lambada movies opened this month; five more such flicks are on the way. The commercialization has just begun. Retailers...
...faltering yen and a plunging Tokyo stock market threaten to choke the country's economy and sap its confidence. -- Brazil learns to live without cash...
There was virtually no money in Brazil last week. The stock exchange in Sao Paulo registered zero transactions on Monday. Shopping centers were deserted, restaurants empty. Cash-strapped companies laid off thousands of employees. Most flights on Varig, Brazil's international air carrier, and Vasp, the domestic line, were either canceled or flew empty...
President Fidel Castro has not visited Brazil since 1959, the year he installed himself as Cuba's supremo. So when Castro announced that he would attend last week's inauguration of Brazil's new President, Fernando Collor de Mello, authorities there were not sure what to expect: certainly a Cuban security detachment, perhaps even a few small arms...
Consumers felt the pinch almost at once as some wholesale vegetable prices tripled. Orange-juice prices were unlikely to rise anywhere near as much, thanks to a large crop in Brazil and normal production in California and Mexico, which escaped the freeze. Nonetheless, traders on the New York Cotton Exchange last week drove the price of a futures contract for January delivery of frozen orange-juice concentrate to $1.61 per lb., up more than 25% in two weeks...