Word: brazile
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Dates: during 1990-1999
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...create scenarios where Asia will muddle through. You can create equally plausible scenarios where we will have a meltdown. My guess is that we will see continuing recession in Asia, very low growth in the U.S. and Europe, and I think Latin America depends very much on Brazil. It's likely we are going to have very low growth...
...being used to cap the various dumps around Boston, including one in Boston Harbor on Spectacle Island (where a park will be built on top of the new man-made dirt heap). The amount of dredged-up earth, if put in dump trucks, would stretch all the way to Brazil. The concrete used could make a sidewalk to San Francisco and back three times...
BRASILIA, Brazil: President Fernando Henrique Cardoso has finally rolled out the gritty details of his long-awaited austerity plan: tax hikes and spending cuts on nearly everything he's constitutionally allowed to touch. "It's a bold plan," says TIME senior economics reporter Bernard Baumohl. "It's what he promised both the IMF and the Brazilian people." Now for the hard part: getting it past Congress...
...sacred cows -- especially the social security benefits of civil servants -- and despite Cardoso's popular mandate for the plan, Congress is expected to kick up a considerable fuss. But Baumohl thinks that the international response will prove convincing. "We should start to see foreign investment returning to Brazil, and the IMF now has an obligation to put together the planned $30 billion bailout." Cardoso has written the recipe for Brazil's recovery. All he's got to do now is make sure the meal gets cooked...
...Unsurprisingly, that message didn't play too well in the sticks; Cardoso allies lost at least six of the other 12 governorships in Sunday's vote. But TIME Latin America bureau chief Tim Padgett says that support from Covas should be enough: "Governors are very powerful in Brazil -- the states are where most federal money goes, and austerity measures have to start there." Since Sao Paulo is Brazil's industrial and financial powerhouse, any attack on Brazil's pervasive and gargantuan bureaucracy depends on Sao Paulo's cooperation. Let the cutting begin...