Word: lula
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Dates: during 2000-2009
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...never thought of." Ion Cotescu, union leader at Romania's ARO Campulung car factory, on workers' plans to pay the plant's €20 million debt by selling their semen "I can't respond to the deputy of the deputy of the American deputy secretary." Luiz Inácio Lula da Silva, Brazil's President-elect, on criticism by U.S. Trade Representative Robert Zoellick "It is glorious to be allowed to join the party. But the membership fee is very high." Xiang Shaoliang, CEO of Baopu Garment, on Chinese Communist Party plans to admit entrepreneurs
...prizes for guessing why the markets are jumpy. The winner of the first round, with 46.4% of the vote, was Luiz Inacio Lula da Silva--universally known as Lula--the candidate of the Workers' Party, which has in the past flirted with repudiating Brazil's massive external debt. Lula, 56, a former labor-union leader running for the presidency for a fourth time, is likely to defeat Jose Serra, the candidate of the governing coalition, in the runoff on Oct.27. Following the economic catastrophes in Argentina and Uruguay, American bankers fear that the commitment of Latin America to the Washington...
...happens, the man who coined the term Washington Consensus, John Williamson of the Institute for International Economics in Washington, is a longtime expert on the Brazilian economy. When I spoke with him last week, Williamson sounded a lot more relaxed about the prospect of a Lula government than Wall Street seems to be. After years of failure, says Williamson, the Workers' Party is now electable precisely because its policies have "converged on the middle ground." Whatever its program may have been in the past, the party now seems ready to accept the strictures of the IMF and U.S. Treasury, including...
...Still, Lula's election, should it happen, would be no small matter. Brazil has the largest economy in Latin America; some of the trends that seem likely to propel Lula to power are visible elsewhere on the continent as well. Peter Hakim, president of the Inter-American Dialogue, a Washington think tank, says that Lula's success reflects widespread "unhappiness with the results of economic reform and the quality of leadership." Lula will be nobody's stooge, least of all Washington's. "The U.S. thinks first and foremost of the U.S.," he told Time recently...
...Lula is elected and Washington is wise, the U.S. will accept occasional annoyances with Brazil (Lula will doubtless make nice with Fidel Castro) as a price worth paying for something rather remarkable. It has been 20 years since, in her unwitting gift to Latin America, Margaret Thatcher defeated the Argentine junta in the Falklands war and revealed the bankruptcy of politics run by men in dark glasses and military uniforms. Democracy in Latin America is robust; Hakim calls last week's election "tremendously clean, competent and decent." One mark of health in any democracy is the election of those...