Word: markets
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Dates: during 2000-2009
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Easier credit fueled a rush of small business start-ups and car sales (admittedly the last thing São Paulo's insufferable traffic needed). Even the wine market, once a purely upscale domain, has been democratized. São Paulo wine retailer Expand has seen sales of its mid-priced bottles jump 25% each of the past few years, and it has opened new stores in provincial cities like Fortaleza, where beer and cachaça (cane liquor) were once the only tipples. Expand's owner, Otávio Piva de Albuquerque, says he spends as much time helping...
...years into his second and final term, Lula has an 80% approval rating. This suggests that despite the recession, most Brazilians still feel they're winning. "It was very difficult to change social class in Brazil 10 years ago, or even four years ago," says Luis Minori of the market-research firm Ipsos. "Now people have access to microcredit and computers and other means of social mobility." In that sense Brazil has outperformed even China and India, Neri claims, because "poverty is falling [in those places] but inequality...
...looming disaster; there is little talk of politics at all. Instead, people go about their humdrum lives: a slender young man frets over his mediocre boxing skills in a Sderot sports club; friends in Gaza play music around a wood fire; a woman shops for dinner in the Sderot market; a group of Gazan girls chat after a volleyball game about power outages. Says one girl: "We'll be living on solar power next year...
...This market will only stop falling when people run out of stock to sell.' DOREEN MOGAVERO, president of New York City brokerage Mogavero Lee & Co., after the Dow fell to its lowest point in over a decade...
...popped a grape into her mouth. "This is happening because of the lies and deceit and greed of Wall Street, the mortgage companies, the SEC, the Administration," she said, growing agitated. Her outlook on the economy is practically apocalyptic: Millions more jobs will be lost, the stock market will probably continue to drop, and things won't start to get better until 2015. "Shysters! They're all shysters!" she said. "I have said it over and over and over again...