Word: rios
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Dates: during 1980-1989
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...past two weeks, workers have staged a string of strikes, including an illegal six-day walkout by 1,350 employees at two state oil refineries. It was the first work stoppage in the crucial energy industry since a military coup ousted the last elected civilian government in 1964. In Rio de Janeiro, 30,000 protesters marched; many waved placards urging the government not to surrender the nation. After Figueiredo's speech, which seemed to confirm the public's fears, Joaquim Dos Santos Andrade, president of the São Paulo Metalworkers Union, said: "This is the best...
...long way to go before recovering its economic health. Buffeted by the global recession, the country has been suffering for two years. Since 1980, the per capita gross national product has declined by 4.4%. In the first quarter of this year, retail sales dropped by 13.3% in Rio de Janeiro and 10.3% in São Paulo. Factories that produce construction equipment and other capital goods are operating at only 20% of capacity, and 8.5% of the country's workers have been laid off. Of the entire working-age population, 40% is either unemployed or working part-time...
...Rio de Janeiro, where luxurious, marble-walled apartment houses with rooftop gardens overlooking Ipanema and Copacabana beaches are flanked by squalid hillside shantytowns, crime is on the rise. Armed robbers often overpower apartment doormen at night and wait to ambush residents returning from evening parties. Bandits jump on buses and force passengers to hand over wedding rings and to empty their wallets and even shoes, where some people hide large bills. The rich are becoming fearful and cautious. At an exclusive dinner in São Paulo given for Antonio Gebauer, a senior vice president with New York...
...economy gradually got out of control. Government spending became too lavish. Subway systems under construction in Rio de Janeiro and São Paulo, which have absorbed $2.1 billion so far, are the most expensive per mile in the world. Runaway deficits led to more and more foreign borrowing and fueled relentless inflation, which already averaged 20% a year in the early 1970s. When the global energy crisis hit in 1973, Brazil was overextended and vulnerable. Over the next six years, the country had to pay $35 billion, all of it borrowed, for oil imports...
...expanded the Herald's domestic and foreign bureau system to its present bases in Atlanta, New York City, Washington, Jerusalem, Peking, Santiago, Rio de Janeiro and El Salvador, as well as adding a correspondent on Latin America based in Washington. The Herald's coverage of Central America is generally lauded as alert and thorough. The paper was among the first to launch a weekly business and financial supplement as well as a Sunday magazine, Tropic...