Word: brazile
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...says. Latin America?s third largest economy has mounting debt, is mired in a recession, and is stuck with a currency that it can?t afford. "The Argentinian peso is tied one-to-one with the dollar, and with the dollar so strong, countries with devalued currencies like Brazil are killing it on exports because their goods are that much cheaper." If Argentina buckles under the pressure and devalues, the whole region will take a beating from the markets. The upside? If Thursday?s Consumer Price Index report holds form, you can bet the farm on the Fed's leaving...
Most developing countries aggressively sell ecotourism, while few foreign-aid programs are complete without an ecotourism element. Two years ago, Brazil unveiled a $200 million program to develop ecotourism in the Amazon region. A project to build a visitors center, upgrade trails and construct canopy walkways has saved Ghana's Kakum rain forest from logging and other depredations. The park now employs 2,000 local people and attracts 40,000 tourists a year. Receipts from about 1,600 visitors each day are keeping afloat the Xcaret ecopark in Yucatan, Mexico--and also funding the 50 scientists who work there...
Investors wagering on developing markets in Thailand, Brazil, China, Russia and other far-flung lands have been underwater a long time. A $1,000 investment in an average emerging-markets stock fund in June 1994 would be worth about $900 today. Maybe they should be called submerging markets. This year, though, the world's economic trouble spots have come up for air--and suddenly we have the re-emerging markets...
...squad, led by Hamm and a host of experienced players, ranks as the favorite among the 16 competing nations. Yet defending champion Norway, as well as China or Brazil, could also win the trophy. The U.S. women won the first Cup in China in 1991. Four years later, Norway won the crown in Sweden. But at the 1996 Atlanta Olympics, the U.S. beat China 2-1 to win the gold--although few viewers got to see that achievement, since NBC gave the game short shrift. ("NBC thinks the world is made up of divers," fumed Hank Steinbrecher, U.S. Soccer...
...approach to fame. Jordan wears his celebrity comfortably, effortlessly, like a scarf thrown over his shoulders. Hamm finds the garment restricting. She has refused cover shoots for magazines because she doesn't want to steal the spotlight from her teammates. After scoring her record-breaking 108th international goal, against Brazil in May, she told a TV reporter to "get a life" when he asked her how she felt...