Word: fernando
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Dates: during 1990-1999
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...good that the government rescued the irresponsible millionaire investors in Long Term Capital Management. One can no longer invest in the international economy for the long term. What is truly long term is the environment, education and the incorporation of the developing nations into the global economy. FERNANDO DIEZ Buenos Aires...
BRASILIA, Brazil: President Fernando Henrique Cardoso has finally rolled out the gritty details of his long-awaited austerity plan: tax hikes and spending cuts on nearly everything he's constitutionally allowed to touch. "It's a bold plan," says TIME senior economics reporter Bernard Baumohl. "It's what he promised both the IMF and the Brazilian people." Now for the hard part: getting it past Congress...
Brazilians amended their constitution in 1997 to allow President Fernando Henrique Cardoso to seek a second term in last Sunday's election. Cardoso, 67, a left-wing academic turned free marketer, has stamped out hyperinflation and given many of his 165 million countrymen their first real faith in democracy, capitalism and Brazil's titanic potential. Another four years, they hoped, would complete the dream. But now they'll need Cardoso's leadership just to stop the country's sudden nightmare of recession, unemployment and staggering deficits...
...PAULO, Brazil: The presidential election is over, and the first-ballot reelection of the IMF's preferred candidate, Fernando Henrique Cardoso, looks sewn up. So where's his reward -- the $30 billion bailout? For one thing, the IMF and the U.S., along with the rest of the G-7 nations, are still working on it. For another, it's supposed to be a secret...
...JANEIRO: Congratulate the Brazilian people for their farsightedness: The current global contagion that has pushed Brazil's government to the brink of disaster has visited equal hardship on its people, yet the nation is poised to reelect President Fernando Enrique Cardoso with the full knowledge that he has even deeper hardship in store. Rarely have the IMF and its usual victims -- ordinary citizens -- been in such agreement...