Word: lula
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...fact, it was Chávez's electrifying emergence a decade ago that paved the way for the election in this decade of other, albeit more moderate leftist heads of state like Brazil's Luiz Inacio Lula da Silva, Argentina's Nestor Kirchner and Chile's Michelle Bachelet. Venezuelans may be reminding Chávez that, like his revolution's namesake, 19th-century independence hero Simon Bolivar, he stands to have a positive place secured in Latin America history. Their message on Sunday: Don't blow...
...India's visitors are European. The country has also hosted high-profile visitors like Russian President Vladimir Putin, Chinese President Hu Jintao and Brazilian President Luiz Inacio Lula da Silva this year. And among its "strategic partners" - a term India accords to countries whose long-term interests dovetail with India's - are not only the E.U., but the U.S., Japan, Russia, China, Israel and Iran. New Delhi, it seems, is flirting with all and promising marriage to none...
Feats like a $100 billion foreign-reserve cache have helped lower the country's risk premium, as measured by JPMorgan Bank, to 175, vs. 1445 when Lula took office. The manufacturing sector, including world-class regional jetmaker Embraer, now represents a quarter of GDP, and Brazilians feel more consumer confidence than perhaps at any other time in their history. "They now have the incentive to buy vehicles through long-term-financing programs," gushes Jackson Schneider, head of the National Association of Automotive Vehicle Manufacturers, whose members have added 27,000 direct jobs in the past three years. "They can more...
Though Brazil expects 5% economic growth this year, many are asking whether it's because of Lula or despite his failure to tackle an array of problems. Aside from Brazil's reputation for epic corruption, gaping inequality and baroque bureaucracy--it takes 152 days to start a business there, according to a KPMG consulting study, compared with 32 in Argentina--there are more pressing issues of an overvalued real, high taxation, weak infrastructure and especially pension reform. Incredibly, Brazilian pensioners receive more money as a share of GDP than the rest of the population of 188 million, sucking investment from...
DILMA ROUSSEFF, chief of staff for Brazilian President Luiz Inácio Lula da Silva, on the discovery of huge oil reserves off the nation's coast that could turn Brazil into one of the world's biggest oil producers...