Word: brazile
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Dates: during 2000-2009
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Imagine that major league baseball had been so poorly managed that its team owners had to sell their best players to the Mexican or Japanese leagues just to stay solvent. Welcome to Brazil. In the home of the world champions--a good bet to defend their title in Germany--where the beautiful game is part of the nation's soul, the professional league is a money-losing shambles, with poorly paid players performing in mostly empty arenas. Except for one team. In São Paulo, at Pacaembu Stadium, 35,000 fans are on their feet, pounding samba drums. Legions...
...investment has already paid off with a trophy: Corinthians won Brazil's professional-soccer-league championship for the first time in six years. But Joorabchian's strategy has produced more than a trophy. He may well have established a new business model that could rescue pro soccer in Brazil, the cradle of superstars like Pelé and Ronaldinho--which has been sinking under corruption, violence, archaic management and a hemorrhaging of talent to Europe and Asia. "You pick a company because you believe it's undervalued," Joorabchian told TIME. "We believe Brazilian football as a whole is undervalued...
...Summoning Spirits? I was disappointed to see Brazil's President, Luiz Inácio Lula da Silva, cast alongside Hugo Chávez - a clearly paranoid and delusional man - as simply another "leftist anti-Yanqui" South American leader [Oct. 8]. It seems that Tim Padgett is more interested in stirring the old ghosts of anti-commie sentiment, which in South America led to the disastrous and brutal rule of the U.S.-backed military juntas (from which many countries are still reeling), than in presenting us with an accurate account of current politics. Pedro Morais, Lisbon...
...Mexico, Brazil, India and China, to start. Our focus so far has been primarily in the low-cost-housing area, where we're actually building houses. But we're involved in the shopping-center business and the office-park business as well...
...talking about the growth of the economy. In other words, China is growing at double-digit--we're growing at 2%. Last time I checked that compiles to 5 to 1. India is growing at 8% or 9%. Mexico is growing at 6%, Brazil is growing at 8%. So all of those places are growing much more rapidly than we are. And that creates demand and therefore creates opportunity. In many of those countries, they have a very, very limited real estate supply because of the historical unavailability of capital...