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Lula's predecessor, Fernando Henrique Cardoso, was the first President to recognize that change was needed. He restored fiscal sanity by slaying hyperinflation, but his attempts at social reform were timid. Lula's victory in 2002 panicked Wall Street and the Brazilian élite. But instead of defaulting on Brazil's foreign debt or busting the budget, as they feared he would, Lula embraced one of the few positive legacies of Brazil's royalist roots: deliberate, negotiated consensus-building. It's a hallmark of Brazil's widely respected diplomatic corps - and it tempered Lula even when he was a metal...

Author: /time Magazine | Title: The One Country That Might Avoid Recession Is... | 3/5/2009 | See Source »

...Tourists were taking photographs of me in the gorilla suit,” said Fernando Racimo ’11, who was one of the seven members of Team Gorilla. “I think I scared some people, though, especially when I started talking...

Author: By Manning Ding, CONTRIBUTING WRITER | Title: Darwin’s 200th Commemorated | 2/13/2009 | See Source »

Worse, a growing number of Mexican kidnappings end up as murders - including the cases of two affluent teenagers found killed this year in Mexico City. The family of one, Fernando Marti, 14, had actually already paid a ransom of more than $2 million. Even those victims who are spared are increasingly returned with body parts like ears missing: their abductors send them to relatives to frighten them into delivering ransom more quickly. "We cannot live under this pressure," says one upper-middle-class Saltillo woman who has seen several family members kidnapped in recent years. "All the time...

Author: /time Magazine | Title: In Mexico, a Kidnapping Negotiator Is Kidnapped | 12/18/2008 | See Source »

...expectations for Brazil? The case shows that the country is still on a steady march towards fixing problems common to emerging markets. This march started in 1994 with the Plano Real, the monetary stabilization plan that ended Brazil’s inflation crisis as rates breached 2000 percent annually. Fernando Henrique Cardoso, the Finance Minister responsible for this plan, was elected president twice (1994-2002) and started a new era of commitment to responsible economic policy...

Author: By Flavio S. Campos | Title: BRIC Starts with B | 12/9/2008 | See Source »

...Spain's negotiator in Marrakech, fisheries official Fernando Curcio, said on Tuesday that "it was important to us to protect the interests of our small fishing fleets." Yet Europe's fisheries official Amilhat says that, inevitably, many fishermen will lose their jobs as fleets shrink in response to reduced catch quotas. And if the environmentalists' boycott campaign further cuts bluefin consumption, the species may yet have a fighting chance...

Author: /time Magazine | Title: The Sushi Wars: Can the Bluefin Tuna Be Saved? | 11/28/2008 | See Source »

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