Word: collor
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Dates: during 1990-1999
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When describing his radical plan to reform Brazil's out-of-control economy, President Fernando Collor de Mello used to state his goal by quoting Spanish conquistador Hernan Cortes: "To win -- or to win." But in recent months the supremely confident Collor, 41, has notched precious few victories. The inflation rate, after being cut from 80% a month to less than 10%, is back to 17%. Interest rates are sky-high; unemployment is rising. Last week Collor got more bad news. In runoff elections for 15 governorships, progovernment candidates lost in the biggest and most influential states, including Sao Paulo...
Last month the leader of Collor's party in Congress resigned, grousing that the President was behaving like "an unthroned emperor." Now Collor must establish a dialogue with Congress. That dialogue may result in wage hikes and other measures that could carry Brazil into a new round of hyperinflation...
Despite a poll that said 90% of Brazilians did not consider the affair sufficient reason for dismissal, President Fernando Collor de Mello was worried that the scandal might damage his administration's credibility. His sensitivity is understandable: three weeks ago, a woman from the state of Alagoas claimed that the President was the father of her 10-year-old son. Last month a candidate for governor in the state of Rio Grande do Sul was hurt by allegations from his former wife that he had deserted their three children. And in the state of Amazonas, gubernatorial candidate Gilberto Mestrinho...
...recent public statements, experts both inside and outside Brazil remain less than convinced that the country is finally out of the Bomb business. The Collor government still refuses to sign the Nuclear Nonproliferation Treaty -- "an unjust instrument" because it does not apply to acknowledged nuclear powers, the Foreign Ministry says. There are also doubts about whether the government controls the military...
...government and others decide such questions as the export of advanced technology helps to determine whether countries like Brazil will become nuclear missile powers. Usually the decisions are made on short-term foreign policy grounds -- the need to give Collor a pat on the back, the desire to be involved with Brazil's development. But the technology is long term, and the entire world must live with the consequences...