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Word: collor (lookup in dictionary) (lookup stats)
Dates: during 1990-1999
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Usage:

Initially, both the Brazilian public and Congress applauded Collor's ^ program, especially the asset freeze, which was perceived as a slap at the rich. After all, 9 of 10 Brazilian depositors had less than $1,200 in the bank. Then Collor and his relatively inexperienced team blinked. Fearing a full-blown recession, they made it possible for many businesses and individuals to recover frozen funds. Companies were allowed to trade impounded cruzados for negotiable cruzeiros by using them to pay taxes and debts. Exceptions were also made for retirees, unemployed workers and people needing emergency medical treatment...

Author: /time Magazine | Title: Brazil The Biggest Shake-Up | 8/6/1990 | See Source »

...more than half the frozen funds were back in circulation. The remainder belonged to increasingly irate middle-class Brazilians who would not gain access to their money until September 1991. "The feeling was that ((Collor and his government)) did something very dramatic, and then they simply blew it off through bad management," says economist Edmar Bacha of the Pontifical Catholic University in Rio. "That gave the impression that the rich got away with it again." The meltdown of the program rekindled inflation, which more than tripled to a rate of 12.9% last month. That set off new price hikes, which...

Author: /time Magazine | Title: Brazil The Biggest Shake-Up | 8/6/1990 | See Source »

...Collor has run into other problems. The Central Union of Workers, representing many government employees, has threatened work stoppages to block the privatization of state-owned industries. A plan to furlough bureaucrats has stumbled on a provision of the 1988 constitution that grants lifetime employment guarantees to all civil servants with five years' tenure. The President has tried to circumvent the law by putting employees on "reserve" status and reducing their pay, but the Supreme Court has stifled that effort...

Author: /time Magazine | Title: Brazil The Biggest Shake-Up | 8/6/1990 | See Source »

...counter the setbacks, Collor strives to keep his personal popularity high with feats of derring-do. On weekends he can be spotted practicing karate (he has a black belt), riding his motorcycle or piloting an ultra-light aircraft. The son of a wealthy, political family, he makes no attempt to hide his affluence, favoring custom-tailored European suits and fancy watches...

Author: /time Magazine | Title: Brazil The Biggest Shake-Up | 8/6/1990 | See Source »

...personal style gets mixed reviews. What some call confidence others call arrogance. The one thing few dare to call him is Fernando; the President dislikes being addressed by his first name. Collor, says his chief of staff, Marcos Coimbra, "is secure, responsible, determined." Others charge that Collor is too autocratic. Says Herbert de Souza, who runs a left-wing think , tank in Rio: "He's like a doctor who tells us he's going to cause us the maximum pain and suffering, but it's for our own good...

Author: /time Magazine | Title: Brazil The Biggest Shake-Up | 8/6/1990 | See Source »

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