Word: brazile
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Dates: during 2000-2009
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...tech industry that hasn't rebounded this summer: satellites. In July Boeing booked a $1.1 billion charge against earnings for its scandal-marred military business, and former stalwart Loral Space & Communications filed for bankruptcy. Then in August a launch disaster in Brazil killed 21 technicians and jeopardized that country's program. "Unquestionably, the commercial-satellite market is depressed right now," says Chris Mecray, an analyst at Deutsche Bank. From 1996 to 1998, satellite sales grew 49.4%, but they have shrunk 2.4% in the past four years. Worse, hurt by the telecom bust and tough export rules, U.S. market share...
...criticized. They helped Western banks get repaid but left developing countries with bigger debt burdens. Indeed, the bailouts may even have contributed to the problem of debt crises, by inducing bad lending practices. The failure in the last six years of the mega-bailouts - in Thailand, Indonesia, Korea, Russia, Brazil, Argentina - made it apparent that an alternative is needed. Since the '80s, alternatives have been proposed - allowing nations to declare bankruptcy and standstills in the same way that individual debtors who cannot meet their obligations are permitted to have a fresh start, or at least reschedule payments. But these were...
...policies in East Asia, even the Fund recognized that it had pushed fiscal austerity too far. Yet it went on to make the same mistake again in Argentina (which last week reached a deal with the IMF to refinance some $21 billion in loans). On the positive side, in Brazil, it pursued more reasonable stances. Improved transparency of financial markets In the aftermath of the East Asia crisis, there were demands for increased transparency on the part of developing countries. Although the crisis stemmed more from imprudent financial and capital market liberalization than from a lack of transparency, the call...
...early to know whether Petersen and the screenwriter, novelist David Benioff (25th Hour), will be partisan or neutral. But Troy is bound to be handsome. The cinematographer is Roger Pratt, who shot Brazil and Batman in the '80s and gave a nicely sepulchral tone to last year's Harry Potter and the Chamber of Secrets. And heading the cast is a tony quartet of hunks: Brad Pitt as Achilles, Eric Bana (who somehow survived the wreck of The Hulk) as Hector, Sean Bean (Boromir in The Lord of the Rings) as Odysseus and Orlando Bloom (who was Tolkien...
...That's good news all round. For sure, China's stupendous economic growth is unsettling. As Washington economist (and former Clinton adviser) Robert Shapiro points out, China's exporters are taking markets away from nations like Mexico, Thailand and Brazil, all of which need to see steady growth to raise their populations' standard of living. But over the coming decade, the U.S. will have a vital interest in maintaining a mature dialogue with China?on what to do about North Korea, the future of Taiwan, global warming and the demand for fossil fuels. The last thing Washington needs...