Word: brazill
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...default, says Nariman Behravesh, chief global economist at DRI-WEFA, an economic consultancy in Massachusetts, was so well anticipated that "foreign investors who wanted to get out got out." And unlike 1997-98, when financial crises rolled around the world, this year shows no sign yet of "contagion." Neither Brazil nor Mexico, the two largest Latin American economies, seems to have been affected by Argentina's woes...
...unrestricted defense of national interests." Said the President: "No one wants a return to the old protectionism, but we need to protect our own." Right now Argentina looks like a great, unenviable mess, but if Duhalde really does adopt populist, nationalist policies, he may have imitators--especially in Brazil, which holds a presidential election later this year and where the liberal economic policies of outgoing President Henrique Cardoso have many opponents...
...BLAKE, 53, yachtsman and explorer who led New Zealand to America's Cup championships in 1995 and 2000; when masked pirates came aboard his moored yacht and shot him as he tried to prevent the robbery; at the mouth of the Amazon River, near Macapa. Blake had been in Brazil for two months monitoring the effects of global warming and pollution...
...DIED. PETER BLAKE, 53, a two-time America's Cup winner and New Zealand sailing hero, shot by masked pirates who raided his 40-m yacht on the Amazon; near Macapa, Brazil. A U.N. goodwill ambassador, Blake was on a worldwide expedition to monitor global warming and pollution. He won the Jules Verne Trophy in 1994 for sailing a catamaran nonstop around the globe in record time. DIED. JUAN JOSE ARREOLA, 83, a fiercely nationalist Mexican author who wrote 16 books of short stories and won Mexico's distinguished National Linguistics and Literature Prize in 1976; in Mexico City. Arreola...
...CARLOS GHOSN They said a foreign CEO could never survive the insular culture of Japanese business. Then this quintessential global leader--born in Brazil of Lebanese parents and educated in France--was dispatched by Renault to rescue its stake in NISSAN. Ghosn, 47, briskly closed plants, shed workers, hired stylish new auto designers--and took the company from a $5.6 billion loss in 2000 to this year's $2.5 billion profit. Ghosn's methods are openly copied, the story of Nissan's revival is a best seller in Japan, and Ghosn was named that country's "Father of the Year...