Word: brazilianizing
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...seems to be escalating. Indian activists accuse the Salesians (named after the 17th century French saint Francis de Sales) of destroying their traditional culture and replacing it with the values of European Christianity. At the same time, the Indians face aggressive outsiders: mining companies, free-lance prospectors and the Brazilian military. Bringing this simmering conflict to a head is the imminent retirement of Dom Miguel Alagna, 75, the autocratic bishop who for the past 20 years has reigned over the Arizona-size diocese from his unpretentious whitewashed brick residence in Sao Gabriel...
...bankers may be able to breathe a little easier now, because Dilson Funaro has lost his job. The contentious Brazilian Finance Minister had hoped to pressure foreign banks into drastic concessions on the country's $108 billion in debts. But last week Funaro, who proved unable to rein in Brazil's runaway economy, was dumped by President Jose Sarney in favor of the more pragmatic Luiz Carlos Bresser Pereira, 52, an economist and businessman. Bresser Pereira promptly devalued Brazil's currency 8.5% against the U.S. dollar in an effort to boost export income, which should improve the country's ability...
...society, which has its headquarters in Washington, funds Indian, Indonesian, and Brazilian natives to effect social change in their homelands. The fellows receive an annual stipend of several thousand dollars for three years to begin the work...
Ashoka funds people in a variety of fields, ranging from education to medicine to waste managment, who propose innovative solutions to their countries' problems. Fellows include a Bombay woman who has established a system to replace rote learning in the schools and a Brazilian consumer activist...
Also high on last week's agenda was the international debt problem, which heated up last February when Brazil suspended payments on its $68 billion worth of foreign bank loans. Brazilian Finance Minister Dilson Funaro was at the meeting, trying to win support for new credit to his country. He warned that debtor nations were on a "very short lifeline" and "being pushed to the end of their payment capacity." But Funaro received little encouragement from the G-7 representatives, who maintain that Brazil must reform its economy and curb its rampaging 600% inflation rate...