Word: brazilianizing
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...epidemic has turned Brazilian banks into virtual shooting galleries. Dozens of innocent bystanders have been killed in the gunplay. Authorities say that in one notorious incident, Franklin Pedro da Silva was holding up a Sāo Paulo bank when he was distracted by a crying baby. "Shut it up or I'll kill it!" he reportedly shouted, then summarily executed the eight-month-old infant and its mother with a pistol...
...cars to help catch more criminals in the act. Some financial institutions now have as many as 100 armed guards on the payroll. Bank lobbies feature turret-like booths with small slots for keeping rifles trained on potential thieves. According to Geraldo Vidigal, a lawyer for the Federation of Brazilian Bank Associations, these armored guardhouses initially provided "a certain psychological deterrent," but ultimately proved useless. Once a robbery is under way, says Roberto Salgado, director of the Brazilian Association of Guard and Security Companies, "most banks instruct the guards not to shoot where there's a chance of losing...
...been "If we don't win a single game, we're going to get rid of this drug problem." By N.F.L. standards, their problem was moderate. No indictments, but the names of five prominent players came up via a federal wiretap at the trial of a Brazilian cocaine smuggler. At the same time, the Houston Oilers have had two incidences of possession. So in Texas drugs have been added to the holy coordinates of football: a religious coach, sideline sex, boots, North Dallas Forty, jeans, Semi-Tough, barbecue sauce, insurance, computers, oil and (on third down) shotguns. Before...
...foreign-exchange value of the dollar is more than a narrow concern for economists and speculators. The dollar links U.S. economic policies to individuals as varied as Brazilian coffee growers, German steelmakers and American car buyers. A strong American currency is important for the U.S. and for the world. But today's overvalued dollar is almost as bad as the undervalued one of the late '70s. Moreover, the dollar's wild swings during the past four years point up an underlying weakness of the international monetary system.-By John Greenwald...
With social unrest growing, the Brazilian Congress seems increasingly likely to reject a presidential decree that, beginning last month, limited cost-of-living wage hikes for all Brazilian workers to 80% of increases in the consumer price index. The IMF had demanded such action as a precondition for further loans. Without such a law, the battle against inflation seems doomed. So far this year the price of bread has gone up 85%, rice 151%, beans 369% and potatoes 498%. Indeed, it may take another Brazilian economic miracle like the one in the 1970s for the country to reduce inflation...