Word: brazilians
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Dates: during 2000-2009
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...billion stimulus package rolled out by the Bush Administration would do much to keep the U.S. economy afloat. The main index in Hong Kong dropped 5.5%, its biggest percentage loss since Sept. 11, 2001. India's benchmark shed 7.4%. In Europe, Britain fell 5.5%, France 6.8%, and Germany 7.2%. Brazilian stocks dropped 6.6% and Canada's main index lost 4.8%. In the U.S., markets were closed for the Martin Luther King Jr. holiday, but when they reopened on Jan. 22, the Dow industrials promptly shed 300 points, joining the sell-off that continued overseas, forcing trading to be suspended...
Indeed, Chavez's spending spree has given Brazil's long-dormant arms industry a bit of a political kick-start. Says Brazilian Senator Jose Sarney, a regular critic of Venezuela's president: "Hugo Chavez's armed forces have ordered 100,000 Kalashnikov rifles, 50 attack and transport helicopters, smart bombs, 24 Sukhoi Su-30 fighter planes. There is also talk of them buying nine submarines from Russia for $3 billion. It's very worrying. As Venezuela turns itself into a major military power, it obliges the other nations in South America to increase the power of their own forces...
...Venezuela," says Joyce, "comes fairly low down the list." But Chavez does give a face to the race and an impetus for nationalistic Brazilian politicians to vote for an increase in the military budget. Indeed, part of the proposed new funds will go toward resuscitating the country's dormant arms industry. "We had 1% [share] of the world's arms market in the 1970s and 1980s," says Reserve Colonel Geraldo Lesbat Cavagnari, coordinator of the Strategic Studies Group at Unicamp university. "We need to recuperate that industry and invest in it. That means producing for the Brazilian armed forces...
...market value on standing forests. A tropical forest stores carbon, recycles moisture, provides a haven for biodiversity - but its only monetary value lies in being cut down. "The main trigger behind deforestation is that there's little or no value for standing forests," says Paulo Moutinho, who studies Brazilian forests for the Woods Hole Research Center (WHRC). Put a value on forests in the carbon market, and suddenly it makes sense to leave a tree be, rather than clear it for cheap pastureland. The value doesn't even have to be that high - a new report by WHRC found that...
...India's visitors are European. The country has also hosted high-profile visitors like Russian President Vladimir Putin, Chinese President Hu Jintao and Brazilian President Luiz Inacio Lula da Silva this year. And among its "strategic partners" - a term India accords to countries whose long-term interests dovetail with India's - are not only the E.U., but the U.S., Japan, Russia, China, Israel and Iran. New Delhi, it seems, is flirting with all and promising marriage to none...