Word: leming
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...record $208 billion in foreign reserves. The banking system has remained well regulated, and so far seems to have been less exposed to the toxic assets that have wrecked many U.S. and European banks. All this has "buffered Brazil quite a bit against the global downturn," says Paulo Leme, emerging-markets director at Goldman Sachs...
...system, simplifying Brazil's baroque tax code and combatting massive tax evasion could help Lula drop interest rates and free up at least $5 billion - more than half of Brazil's entire education budget - for projects like Zero Hunger. "This government's macroeconomic approach has been impeccable," says Paulo Leme, head of emerging market analysis at Goldman Sachs in New York, noting wryly that the PT used to oppose pension reform. "They understand now that what causes poverty in Brazil is the excessive size of the state." Will Brazil's Congress understand that too? Lula's bond with the governors...
Analyzing Brazil's orgy at carnaval time is almost as much fun as participating in it. American Psychiatrist Dr. Reba Campbell feels that it offers Brazilians "a chance to live deep in fantasy," fulfilling everyone's "need to be important." A Brazilian psychiatrist, Dr. José Leme Lopes, sees it as a "kind of collective cathartic." Psychologist J. Wayne Gibson, an American living and working in Brazil as an industrial consultant and private therapist, has watched half a dozen carnavals. Last week he offered a TIME correspondent these observations on the festival's psychic roots and meaning...
...last week, began loading up for its regular Sāo Paulo run. Up the steps walked the passengers: Cuban Minister to Brazil Alfonso Hernández Catá, Rockefeller Foundation's yellow-fever researcher Dr. Evandro Chagas, Norwegian Consul Alexander Stabell Grieg, Sebastiāo Leme Salles, nephew of Rio's Cardinal Archbishop, eleven lesser wigs. Heading into the wind, the VASP airliner roared across the field, lifted easily into a climbing turn...
Brazil's Sebastian Cardinal Leme da Silveira Cintra, who reminded his visitors of New York's late saintly Cardinal Hayes, greeted them as "spiritual ambassadors." Archbishop Pedro Pascual Farfan of Lima, Peru-an ancient Catholic city which produced the first American saint, St. Rose-addressed Bishop Ryan and Father Sheehy with florid Spanish courtesy, insisted that they sit upon thrones at a reception...