Word: sao
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...inflation rate, after being cut from 80% a month to less than 10%, is back to 17%. Interest rates are sky-high; unemployment is rising. Last week Collor got more bad news. In runoff elections for 15 governorships, progovernment candidates lost in the biggest and most influential states, including Sao Paulo...
...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 of this economic team is detonating bombs, not picking up the pieces...
...when the games kick off in Italy this week, Americans would do well to join the 1.2 billion soccer nuts from Beijing to Sao Paulo who will be glued to their TV sets. Reason: for the first time in 40 years, the U.S. has a direct stake in the outcome of the World Cup, as a scrappy American squad takes the field along with 23 other national teams. Moreover, the U.S. is scheduled to be the host of the 1994 event, marking the first time that the World Cup championship will not be held in Europe or Latin America...
...again. Though presented as a new book, some of its narratives remain almost exactly the same -- Wiesenthal's pursuit of the police officer who arrested Anne Frank, for example. Others needed updating. In The Murderers Among Us, Wiesenthal located Treblinka Commandant Franz Stangl working at a Volkswagen plant in Sao Paulo; shortly after Wiesenthal's book appeared, Stangl was arrested and sent to prison. On the other hand, Auschwitz doctor Josef Mengele, whom Wiesenthal had described as hiding in Paraguay, was subsequently found to have drowned in & Brazil (though Wiesenthal continues to suspect that he is still alive...
There was virtually no money in Brazil last week. The stock exchange in Sao Paulo registered zero transactions on Monday. Shopping centers were deserted, restaurants empty. Cash-strapped companies laid off thousands of employees. Most flights on Varig, Brazil's international air carrier, and Vasp, the domestic line, were either canceled or flew empty...