Word: silva
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...prizes for guessing why the markets are jumpy. The winner of the first round, with 46.4% of the vote, was Luiz Inacio Lula da Silva - universally known as Lula - the candidate of the Workers' Party, which has in the past flirted with repudiating Brazil's massive external debt. Lula, 56, a former labor-union leader running for the presidency for a fourth time, is likely to defeat Jose Serra, the candidate of the governing coalition, in the runoff on Oct.27. Following the economic catastrophes in Argentina and Uruguay, American bankers fear that the commitment of Latin America to the Washington...
...little if no voice in pre-Chavez Venezuela, are the key to his resilience, just as Brazil's exasperated poor, fed up with the unfulfilled promises of a decade of capitalist reforms in Latin America, are likely to vote Workers Party candidate Luiz Inacio Lula da Silva into the presidency next week. "The oligarchs in this country just want to demonize Chavez because he's giving our class the chance to participate in the economic and political life of Venezuela for once," said Yosmari Guevara, 29, a bakery owner in one of Caracas's most squalid slums. She notes that...
Luiz In?cio Lula da Silva couldn't have picked a worse time to launch a presidential campaign. That was back in 1989, his first bid for Brazil's presidency, when he was still a radical, left-wing populist yammering for Brazil to default on its foreign debt even as Brazil - and the rest of Latin America - were embarking on a decade of free-market reforms and fiscal austerity. Lula still finished second in 1989, as he would in 1994 and '98; but nightmares of the region's "Lost Decade" of the 1980s - when Latin American socialism had produced inflation rates...
Traditionally the Cinderella candidate in Brazilian elections, this time the socialist leader Luiz In?cio Lula da Silva is the favorite to win. 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...
...season, they are now on a run of 27 unbeaten league games. Frenchman Wenger has an enviable ability to spot talent, get it cheaply and nurture it. His buys of French players like Thierry Henry, Sylvain Wiltord and Robert Pires, Swedish star Freddie Ljungberg and Brazilians Edu and Gilberto Silva have fashioned a side that has supplanted Manchester United as the most exciting team to watch, and at a fraction of the cost. Where United paid nearly $47 million for one defender, Rio Ferdinand, Wenger snapped up Henry, Pires, Ljungberg and captain Patrick Vieira for less than $36 million...