Word: rios
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...nearly halting business as well. In the process, he has angered Big Business, alienated much of the middle class, and invited the risk of a major recession. He has also provoked the wrath of Big Labor, as evidenced last week by strikes at a state-run steel plant outside Rio de Janeiro and at the main Ford auto factory near Sao Paulo. Now Collor must scramble to reaffirm his popular mandate, while at the same time staving off public demands to push his rigorous program off track. Can he do it? Warns Brazilian political scientist Walter de Goes: "The speciality...
...increasingly irate middle-class Brazilians who would not gain access to their money until September 1991. "The feeling was that ((Collor and his government)) did something very dramatic, and then they simply blew it off through bad management," says economist Edmar Bacha of the Pontifical Catholic University in Rio. "That gave the impression that the rich got away with it again." The meltdown of the program rekindled inflation, which more than tripled to a rate of 12.9% last month. That set off new price hikes, which led workers to demand salary increases and wage indexation...
...Cairo: Dean Fischer, William Dowell Nairobi: Marguerite Michaels Johannesburg: Scott MacLeod New Delhi: Edward W. Desmond Beijing: Sandra Burton, Jaime A. FlorCruz Southeast Asia: William Stewart Hong Kong: Jay Branegan Seoul: David S. Jackson Tokyo: Barry Hillenbrand, Seiichi Kanise, Kumiko Makihara Ottawa: James L. Graff Central America: John Moody Rio de Janeiro: Laura Lopez...
Police say the perpetrators are organized criminals who find kidnaping easier and more profitable than robbing banks or dealing drugs. Last month a prominent Rio citizen, Roberto Medina, was released after 15 days, when his family paid at least $2.5 million...
President Fernando Collor de Mello said last week that the government had to "stop Rio from becoming a new Chicago." Local critics suggested that a better comparison might be with Medellin, Colombia...