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...campaign trail also echoed a free-market orthodoxy against bailing out stricken emerging-market economies, but when Turkey threatened meltdown in the spring, they backed an IMF bailout. Again, this prioritizing of pragmatism over ideology may be encouraging to an international financial community nervously contemplating the state of Brazil and Argentina...

Author: /time Magazine | Title: Six Months Of Bush Foreign Policy: A Report Card | 8/8/2001 | See Source »

WEBSITE fila.org "I have eight Fila Brasileiro mastiffs--the national dog of Brazil, also used by U.S. Marines in jungle warfare...

Author: /time Magazine | Title: Enthusiasms: Aug. 6, 2001 | 8/6/2001 | See Source »

...Minke whales annually for "scientific research," and Norway, which did not sign the 1986 moratorium, argued that populations of several species can now sustain controlled hunting, but they recognized that they could not win the necessary 75% of votes to overturn the ban. Proposals by Australia, New Zealand and Brazil to introduce two new whale sanctuaries in the South Pacific and South Atlantic also failed to achieve 75% support. THE NETHERLANDS General Surrender Croatian General Rahim Ademi voluntarily surrendered to the International War Crimes Tribunal in the Hague to answer charges of crimes against humanity. The general, who arrived wearing...

Author: /time Magazine | Title: World Watch | 8/6/2001 | See Source »

...told the daily Yomiuri. A decade ago, the prospect of a Japanese invasion of European football would have been laughable. There were some one-off success stories, such as Yasuhiko Okudera, who played in various divisions in Germany from 1977 to '86, and Kazuyoshi Miura, who appeared for Brazil's Santos and Italy's Genoa in the 1990s. But Japan did not even have its own independent professional circuit until 1993 when the J-League was launched. In the past few years, however, the country's football fortunes have been on the rise. In 1998, the national team made...

Author: /time Magazine | Title: Play and Pay | 8/6/2001 | See Source »

...What It Means to the U.S. Beware contagion. Argentina will not be able to service its debt much longer. "A technical default is all but inevitable," says a banker. But the danger to the U.S. is not so much Argentina as the spillover. Brazil and Mexico are the critical economies south of the U.S. border, and Mexico's is in a recession. U.S. bank exposure to Argentina as of March was about $12 billion; now add Brazil's $24 billion and Mexico's $18 billion. During the past decade, thousands of U.S. firms have invested heavily in Latin America, buying...

Author: /time Magazine | Title: Recovery At Risk | 8/1/2001 | See Source »

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