Word: collor
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Dates: during 1990-1999
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...lesson of these times is that free markets succeed where governments fail, Brazilian President Fernando Collor de Mello is a very voguish thinker. Though his effort to revive his country's punch-drunk economy gets much less attention than the shake-ups transforming Eastern Europe, his monetary program . is every bit as revolutionary. To corset the bloated public sector and turn the economy over to the entrepreneurs, Collor has adopted policies more radical than anything attempted in Brazil in decades -- or perhaps ever -- since taking office on March 15. His approach, says Kenneth Maxwell, senior fellow at the New York...
...banks to write off an additional 20% of $2.9 billion in loans made to Argentina and 20% of $11 billion loaned to Brazil. The announcement was unexpected, since both countries have recently achieved some economic gains. Although Brazil has been delinquent on its long-term debt, President Fernando Collor de Mello has launched promising economic reforms since taking office in March. Argentina last month began paying some interest after a two-year halt...
President Fernando Collor de Mello said last week that the government had to "stop Rio from becoming a new Chicago." Local critics suggested that a better comparison might be with Medellin, Colombia...
...legitimate interest in the fate of the Amazon rain forest. "If you set your homes on fire, it will threaten the homes of your neighbors," Lutzenberger noted with simple eloquence. Because of his reputation for outspokenness, the international environmental community was dumbfounded in March, when newly inaugurated President Fernando Collor de Mello named Lutzenberger Secretary of the Environment...
Inaugurated three weeks ago, Collor used the trip to signal that he will make environmental reform one of his administration's major goals. But pro- Indian groups contend that Collor must go much further and ban all miners from the Amazon. Says Claudia Andujar, an Indian-rights activist: "The cancer is still in the area. The miners will return and destroy more forests, pollute more rivers and kill more Indians...