Word: collor
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
BRAZIL. Like Pakistan, Brazil solemnly denied for years that it had an atom bomb program. The country's new civilian President, Fernando Collor de Mello, has admitted publicly that such a military effort was under way, and has ordered it closed down. He shoveled a symbolic two scoops of lime into a 1,050-ft. test-site shaft last month and ordered the site closed...
...Brazil the oil shock strikes just as President Collor de Mello's radical anti-inflation regime, which includes a tight monetary policy, is beginning to show results. Inflation, which hit 73% a month before the plan took effect last March, has cooled to less than 13%. Government officials predict that Brazil will lose $3.3 billion because of higher oil costs and loss of exports through 1991. If prices stay at $25 per bbl., next year's energy bill will grow $2 billion. As a result, Brazil may not resume payments on its foreign debt of $115 billion...
...will offer low-income workers a onetime wage bonus. Following through on the rest of his program will depend heavily on the returns from those elections, when as many as 70% of the current legislators may be replaced. The question is whether the infusion of fresh blood will help Collor in his drive toward the First World -- or will erect new Third World roadblocks...
WORLD: Brazil's Fernando Collor de Mello tries the most radical economic reform ever -- but struggles to make it stick...
While economists believe Collor's program is well reasoned, it has angered Big Business, alienated much of the middle class and invited the risk of a major recession. -- Old demons vs. new democracy could re-Balkanize Yugoslavia...