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...terror, one part of the world that has received relatively scant attention is South America. But U.S. intelligence agencies are becoming increasingly worried about a nest of terrorists, drug traffickers and organized-crime figures who have taken up residence in South America's tri-border area, where Brazil, Argentina and Paraguay meet. "It's like the Wild West there," says a Pentagon official. "Crime, religious extremism and politics are all linked under the table." For several years the CIA has had a team of agents monitoring terrorists from Hizballah, Hamas and, more recently, Osama bin Laden's al-Qaeda organization...

Author: /time Magazine | Title: A Terror Threat From The South | 12/10/2001 | See Source »

...business. The global economy is slumping and the world's iron-into-steel producers now churn out about 850 million tons of product for a market that demands only 700 million tons. U.S. steel makers say the cheaper steel that comes to U.S. shores from Japan, Brazil, China and other countries is "dumped," or subsidized by those countries' governments. The foreign steel makers and the U.S. companies who buy from them say U.S. steel companies have outdated facilities that make production more expensive. Either way, the U.S. steel industry, between the profits and the pensions, is on a fast track...

Author: /time Magazine | Title: Let Big Steel Stand On Its Own | 12/8/2001 | See Source »

...benefits of the free market, here in Latin America unemployment, social injustice and organized crime are increasing. Druglords rule poor communities. The U.S. must pay serious attention to this troubling situation, or there will be Taliban-style organizations forming south of the Rio Grande. LUIZ FELIPE HADDAD Niteroi, Brazil...

Author: /time Magazine | Title: Letters: Dec. 3, 2001 | 12/3/2001 | See Source »

...Brazilian Back to the Future By ANDREW DOWNIE Brazil, too, may be counting on a repeat of history. The buzz in Rio de Janeiro is that Carlos Alberto Parreira is about to be recalled as coach, to replace the unimaginative Luis Felipe Scolari. After a scratchy qualification campaign under four different coaches, the four-time winners need to start looking like champions again, and who better to do that than the man who twice led them to glory, as player and as coach. Parreira knows exactly how hard it can be to please his football-mad countrymen: he once said...

Author: /time Magazine | Title: No Room at the Inn | 12/3/2001 | See Source »

...After the hijack terror followed bioterror - anthrax. Faced with the potential of a widespread public health emergency, U.S. officials scrambled to stockpile Cipro, Bayer AG's patented antibiotic used to treat anthrax. Suddenly the U.S. and Canada - long tough on patent protection - found themselves feeling like South Africa, Brazil and other developing nations desperate for needed medicines at low cost. When politicians mentioned overriding patents, Bayer struck discount-purchase deals. Bayer also donated 4 million tablets to the U.S. for emergency and postal workers. Other companies, too, are eager to promote their own low-cost anthrax treatments...

Author: /time Magazine | Title: A Dose of Compromise | 12/3/2001 | See Source »

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