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...Lula, 56, still around, spooking financial markets with the very real prospect that he'll romp home to a first-round victory when Brazilians go to the polls to pick a new president on October 6? The answer may lie in the recent failure of U.S.-backed capitalist experiments all over Latin America, which have left even more of the region's 500 million people mired in poverty. That, and the fact that the erstwhile firebrand leader of Brazil's Workers Party (PT) has in some ways repackaged himself as a Blair of Brazil, moving his party and its policies...

Author: /time Magazine | Title: A Brazilian Blair? | 10/4/2002 | See Source »

...Indeed, the Workers' Party (PT) candidate's current 25 point lead over his closest challenger, Jos? Serra of the ruling Social Democratic Party, suggests that Lula may already have amassed enough support to win the presidency in the first round of balloting on October 6. And the prospect of his victory has the international community paying more attention than ever to Brazil's fourth election since the country's returned from military dictatorship to democracy...

Author: /time Magazine | Title: A Socialist's Plan to Save Brazilian capitalism | 10/4/2002 | See Source »

...planning her Saturday night via the Sprint PCS network, is referring to women or drugs. As it turns out, Sprow’s contact and social pusher-man is (purportedly) bragging about soccer goals. Margolskee informs Sprow that Mather Third Floor is The Place To Be, a prospect that Sprow immediately relays to her cohorts, Caroline C. “Keena” Seyfarth ’06 and Erika T. Hamden...

Author: By FM Staff, CRIMSON STAFF WRITER | Title: Game On! | 10/3/2002 | See Source »

...mass destruction and to forsake his ambitions of dominating his neighbors. At one point recently, the pressure became so great that he agreed to allow UN weapons inspectors into Iraq. That agreement seemed to signal that Saddam was actually moving toward real reform, which was no doubt a painful prospect for Saddam. But what Saddam failed to realize in that moment of weakness was that no substantive changes of any kind would really be necessary if only he had been keeping up with the Sopranos...

Author: By Jonathan P. Abel, | Title: Saddam Soprano | 10/2/2002 | See Source »

...economic slough of despond in which capacity exceeds demand, inflation drops below 0%, companies sit on their cash rather than investing it, prices fall and wages retreat. Workers paid low wages in inflationary times find their debt harder to repay if they get a further cut-a terrible prospect in this period of record credit-card bills. Deflation has devastated Japan since its 1980s bubble burst. "But you don't need to be Japanese to worry about it," says Stephen Roach, Morgan Stanley's chief economist. Now that the American and European stock bubbles have popped, Western economies are feeling...

Author: /time Magazine | Title: Time to Break a Lance on Deflation? | 9/29/2002 | See Source »

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