Word: braziller
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Dates: during 2000-2009
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...move that may be even more important to the long-term interests of the mainland, the China Development Bank agreed to loan Brazil's oil giant Petrobras (PBR) $10 billion for exploration projects. The South American oil company also apparently agreed to sell China-controlled oil company Sinopec (SNP) crude supplies for the balance of the year. It does not take detective work to come to the conclusion that the two arrangements were related. In late 2007, Petrobras said it had discovered new fields far off its coast that contain as much as 8 billion barrels...
...right to pick its managing director, as they do at present. And through a reform of its arcane shareholding or "quota" system, the domination of policy by the U.S. and other developed economies will give way to a more balanced system of governance, under which developing countries such as Brazil, China and Russia will have a greater say. The IMF's focus is supposed to shift, too: the G-20 wants it to play a more active role as global economic cop, monitoring policy among the major advanced economies as well as the poorer ones, and blowing a whistle when...
Change is long overdue. "Who can possibly justify the fact that Belgium has a substantially larger quota than India, Brazil or Mexico?" asks Ariel Buira, of the Mexican Council for International Affairs. The IMF's legions of critics even include other international agencies. Malcolm Knight, a former general manager of the Bank for International Settlements - a sort of club for central bankers - recently blasted the IMF in an article that described its performance as "less than evenhanded or effective," and accused it of being asleep at the wheel in the months before the current economic turmoil. "The IMF was uncharacteristically...
...Jake Carman, a ferociously eloquent community leader from North Brighton, still lives on the same street where his great-grandmother lived when she emigrated from Lithuania. The area has always been an entry point for immigrants from around the world, and Jake’s neighbors hail from Brazil and Guatemala, among other places...
...live and work in Japan, Brazilians have grown to be the country's third largest minority, after Koreans and Chinese. But as jobs grow scarce and money runs out, some Nikkei ironically now face the same tough decision their Japanese relatives did 100 years ago, when they migrated to Brazil...