Word: brazile
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Dates: during 2000-2009
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...largest carmaker outside the U.S., with 157,000 employees turning out 1.75 million cars a year. Fiat continued to expand through much of the 1970s and 1980s, a period marked by labor unrest and terrorism. That's one reason Agnelli transferred manufacturing abroad to places like the Soviet Union, Brazil and Turkey, where labor was cheaper and the industrial scene less chaotic than at home. One of those investments, the huge Togliatti plant opened behind the iron curtain in 1970, produced more critics than money, but Agnelli saw a bigger picture: "What we like best of all ... is that...
...Deep in Brazil's semi-arid interior, at the climax of a trip designed to show his cabinet the country's crushing poverty, newly elected President Luiz Inácio Lula da Silva mounted a makeshift stage and, like a lead singer introducing his band, presented his ministers to the crowd of 7,000. Polite applause greeted the parade of bureaucrats - but then Lula called on his Culture Minister and the applause turned into a roar. For more than 30 years Gilberto Gil has been one of the two biggest pop stars in Brazil - a man whose music...
VENEZUELA Friends in Need The international community stepped up its efforts to end the political crisis ruining the economy of Venezuela, the world's fifth-largest oil producer. A "Group of Friends," including the U.S., Brazil and Spain, pledged to help President Hugo Chavez negotiate an end to the crisis. Since Dec. 2 opponents have used a general strike to force the leftist President to call immediate elections. Chavez met U.N. Secretary General Kofi Annan for talks, which were inconclusive...
...Mart's push into China--and Brazil and Germany and deeper into California and New York--offers a hint of why the world's largest retailer seems unfazed by this stinker of a holiday shopping season. Wal-Mart's sales in stores open at least a year were up only about 3% compared with the same period last year--at the low end of its expectations. But many other retailers were hurt much worse. Wal-Mart just keeps gaining market share, not only from bankrupt discounter Kmart but also from grocers like Kroger, drugstore chains like CVS and electronics sellers...
...internationally, the need to leverage international and domestic buying power was key, and the only way to do it effectively is to do it ourselves," says Ken Eaton, who heads global procurement. The idea is to buy goods universally for all stores where feasible, so the 20 locations in Brazil can get the same price as the 3,400 Wal-Marts...