Word: braziller
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Dates: during 2000-2009
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...informal grouping that has none of the bureaucratic trappings that can help ensure fine words are turned into concrete action. Reaching a consensus among the U.S, Japan and Europe in the old G7 cartel was hard enough; doing so in the G20, which includes China, India, Russia, Brazil and Mexico, is exponentially harder. It doesn't help that members' interests vary so sharply. China, for example, owns so much U.S. government debt that it's publicly worrying about American financial stability. Washington, by contrast, has thrown fiscal discipline to the wind as the Obama Administration seeks to spend...
...feel besieged," a Vatican official says of the Pope. Many offices within the Holy See, according to this source, are now working "in great fear" of making further missteps (which have recently included controversies in Brazil and Austria). "The right hand doesn't know what the left hand is doing," he says. The good news on Tuesday, at least, was that Benedict's Alitalia flight lifted off on time. (See pictures of the Supreme Pontiff...
...Venezuelan President Hugo Chavez. The Chavez gambit may have helped defeat the leftist candidate in Mexico's presidential election in 2006, but it didn't work in El Salvador on Sunday - chiefly because Funes successfully painted himself as an ally of the more moderate Latin left headed by Brazil's President Luiz Inácio Lula da Silva...
...instead of being used at home. The Burmese regime's stated solution to the longrunning national blackout? Jatropha. Also known as "physic nut," the plant produces a green nut that is pressed and processed into a biofuel catching on in entrepreneurial green pockets of the world from Florida to Brazil to India, which has already earmarked 100 million acres for the plant and expects the oil to account for one-fifth its diesel consumption by 2011. (Watch TIME's video about biofuel tree farmers in action...
...Over the past two decades, much of the world profited from peace, low inflation, and the bringing of billions of people (mostly the emerging middle classes in India, China, and Brazil) into the economic fold. Much of the world also suffered: Globalization has not always encouraged confidence and enhanced security for everyone. “Free trade” too often means tariffs on the primary exports of developing countries. “Development assistance” too often means developing economies must submit to rules that prohibit or hinder investment in their own infrastructure and people?...