Word: brazile
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...hadn't cooked the books, Parmalat would have posted losses every year from 1990 to the end. Instead, it posted profits, masking its problems with a mixture of fictitious transactions and aggressive acquisition; starting in 1992, the group began snapping up dairy and other companies in Italy, Brazil, Argentina, Hungary and the U.S. "It was a reversal of logic," says Vito Zincani, the chief investigating magistrate in Parma. Usually, companies take on debt to grow. But in Parmalat's case, "they had to grow to hide the debt." The core of the fraud was a system of double billing...
...especially with someone like Irma Flaquer, who was from a country where human rights violations were not being widely publicized. As a journalistic figure, she is not that well known outside of certain circles, and was part of a smaller intelligentsia than in somewhere like Argentina or Brazil...
...stamped with visas that would alarm immigration clerks around the world. He showed up in Indonesia two days after the Bali nightclub bombings in 2002. He's logged trips on a moment's notice to Iran, Yemen and Qatar, as well as to the U.S., Australia, Canada, England and Brazil. But Yang doesn't try to hide the substances contained in little glass vials that he brings home from his travels. They're lined up on the windowsill of his Beijing office, affixed with labels such as "Saudi sweet." As senior vice president of China National Offshore Oil Corp. (CNOOC...
...Count and collected more than 134,000 signatures to put 36 on the ballot. Most of the financial backing has come from J. Jorge Klor de Alva, the former president of the University of Phoenix, a for-profit adult-education school. Klor de Alva, who divides his time between Brazil and California, is now CEO of Apollo International, a University of Phoenix offshoot that runs a similar university in Brazil...
...starting to seep through the design world: aqua. On runways in New York City last month tipping the spring 2005 look, influential designers like Narciso Rodriguez and Michael Kors splashed aqua onto everything from bustiers to fur boleros. Their inspirations, they said, were the surfer scene on Brazil's beaches and the watery blues of the Aegean Sea. They probably also owe something to textile trade shows like Paris' Première Vision, which designers visit to get an early look at the trends in fabric prints and colors. And by the time the fashion flock hit Milan for the shows...