Word: brazile
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...prices, and when the industry ran into trouble in the 1980s, governments across Europe poured in billions of dollars of state aid in an attempt to keep it alive. But times have changed. State aid is now banned, barring exceptional circumstances. And with the emergence of China, India, Brazil and Russia as fast-growing world economic forces, demand for all sorts of basic materials from oil to platinum has been on the rise. Steel prices have doubled in the past four years, and worldwide output of an industry once written off as moribund has risen by more than 30% since...
...with 5% to 10% of the California market, and Gary Linden have quadrupled Walker Foam's staff and are scouting for a new factory, hoping to produce 800 blanks a day by July, up from 125 now. But high-volume surfboardmakers, who can buy foam from Australia, China and Brazil, need big orders filled fast, leaving an opening for new competitors. Todd Proctor, who has patented a surfboardmaking process using Kevlar and epoxy resin, says demand is up sevenfold, and he has attracted venture capital to purchase Clark's distribution channel. SurfTech, the largest maker of epoxy boards, reports that...
...economic growth rate is second in the West only to tiny Finland's. It's probably just a symptom of $3 gasoline. Nonetheless, it's back. This time it's not Russia or Japan but other inscrutable foreigners, Indian and Chinese. What was once rather unkindly said about Brazil--"the country of the future and always will be"--I say of them. I'm not worried...
...NGOs are affected, Elkington notes. Groups such as Greenpeace and Amnesty International have led the attack against companies and governments, and a WEF poll shows that NGOs today are the organizations most trusted by the public. But even for NGOs distrust is growing, particularly in countries such as India, Brazil and South Korea. "People will ask: who are these people, and to whom are they accountable?" Elkington says. "You don't need many NGO Enrons to undermine people's trust...
...Global institutions, especially the IMF, are also feeling the direct impact of their unpopularity: in the past few weeks, both Argentina and Brazil have announced that they are paying back their entire outstanding debt to the IMF?a combined total of $25 billion?in order to wriggle free of its policy conditions. Argentine President Nestor Kirchner accuses the IMF of causing many of his nation's economic woes. In the Ivory Coast, it's the U.N. that is the focus of government wrath. Following a recommendation last week by a U.N.-backed international working group that the Ivorian parliament?which...