Word: oiled
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Japan and Germany make cars. Saudi Arabia pumps oil. China supplies the world with socks and toys and flat-screen TVs. What does the United States produce? Lots of stuff, but in recent years this country's No. 1 export--by far--has been debt...
With their endless string of pearl beaches, heavenly climate and sensual bossa nova culture, Brazilians consider themselves uniquely blessed. So when the first of two gigantic oil fields was discovered off the coast near Rio de Janeiro last fall, President Luiz Inácio Lula da Silva saw it simply as further proof of a celestial bond. "God," Lula gushed, "is Brazilian...
That kind of good fortune, divine or not, has helped Lula, 62, a former steelworkers' union leader and high school dropout, become Brazil's most popular President in a half-century. The oil find could make Brazil one of the world's largest crude producers, but even without that bounty, the economy has been growing as vigorously as a guava tree in the Amazon rain forest, allowing Brazil to start reducing its epic social inequality. Economic strength has also allowed the country to flex its diplomatic clout as the hemisphere's first real counterweight to the U.S. Lula...
...plans to turn South America into an integrated economic bloc along the lines of the European Union. Lula, in fact, is one of the few leaders both Bush and Chávez will listen to. "I joke with them and tell them their fight is very weird," Lula says, "because oil makes them so dependent on each other...
Well, the main reason is that I was fortunate enough to spend my high school years there. At that time, everything was kind of odd and just a little bit burnt and a little wet with oil. And just like the English have in the past 25 years, they've figured out in Spain that they have the most amazing products and this amazing tradition...