Word: braziller
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Dates: during 1980-1989
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Paul Silveira Sao Paulo, Brazil...
...seem truly disheartened, but he managed a sneer ("The Harvard guys I know are all creampuffs") that had almost the right ring to it. A Manhattan bank executive, Yale '56, did not have to search for emotion. After The Game, looking as woeful as if Brazil had defaulted on its notes, he said, "It took me years to get over being really depressed when Yale lost." His voice broke for a moment. "But I managed it. I'm not letting it bother me." -By John Skow
Inflation, devaluation and near economic collapse have reduced the buying power of Brazil's cruzeiro by 26.4% over the past six months. But in Sāo Paulo (pop. 12 million), the country's financial capital, the currency has gained in popularity with a certain class of entrepreneurs: stickup men, who are carrying cruzeiros away in record amounts. Bank offices in Sāo Paulo have been held up more than 700 times so far this year, nearly double the 1982 pace. Though bankers are reluctant to disclose their losses, one government estimate puts the 1983 haul...
...rash of robberies is especially disruptive in a nation like Brazil, where few people use credit cards, and utility bills and taxes cannot be paid by mail. Frustrated law-enforcement officials blame the courts for not keeping bank robbers behind bars. At the same time, however, many officials agree that the problem is rooted in Sāo Paulo's rampant unemployment and the low wages that are symptoms of Brazil's ailing economy. "We've had an awesome demographic explosion, with people flooding into the big cities looking for gold in the streets," said Jorge Miguel...
...whole instrument. But the rewards of pioneering photographic work could be magic indeed. Masters of Early Travel Photography (Vendome; 352 pages; $50) is a handsome, sepia-tinted sampler of 177 early photographs-small curios and enormous vistas, tattooed men and mountain ranges-taken by adventurers in Egypt, Japan, Brazil, India, China and that most exotic arena of all, the vanished American West...