Word: brazile
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...disastrous turn in the weather has worsened Brazil's attempts to pay off its staggering foreign debt. Coffee is one of Brazil's major cash crops and a crucial source of hard currency. The country currently owes foreign banks and governments some $100 billion...
...time the government realized the extent of the crop failure, Brazil had only small reserves of the beans on hand. Some growers are now hoarding their supplies in hopes of higher prices, further exacerbating the shortage. Says Farmer Ribeiro: "I'm not selling for any price at the moment. For us, coffee is like gold...
...rise in coffee prices could be slowed if other coffee producers, including Indonesia, Colombia and the Ivory Coast, increase exports. The International Coffee Organization, a 75-nation cartel, will meet in London this week to discuss the world market situation in the face of Brazil's drought...
...Wolpe-Kaptur bill would prohibit high-ranking officials from lobbying for any foreign principal in the ten years after they leave office. It is outrageous that public service is being used as a training academy for lobbyists who will enrich themselves on $250,000 annual retainers from Singapore and Brazil. Howard Wolpe, U.S. Representative Third District, Michigan Washington...
...dollar by about 30% since its peak in February 1985 will help beleaguered U.S. exporters boost business by making their products more competitive with foreign rivals. Meanwhile, the decline in global interest rates will ease the burden on staggering debtors, ranging from U.S. farmers to developing countries like Brazil and Argentina. And even one of the thorniest problems of them all, the U.S. budget deficit, is becoming slightly less severe...