Word: brazilians
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Dates: during 1980-1989
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...support some of its animal and plant life, the ecosystem will decline even with protection. As yet, no one knows the minimum critical size of a rain forest, but in 1979 Thomas Lovejoy, now at the Smithsonian Institution, set up a 20-year experiment with the cooperation of the Brazilian government to determine just that for the Amazon region. Among the findings: the smaller the forest, the faster the decline of insects, birds and mammals...
Brazil's foreign creditors usually demand payments in a hard currency, such as U.S. dollars. But Philips, the giant Dutch electronics firm, had a different idea. The company cashed in $4 million worth of Brazilian loans for 1.5 billion Brazilian cruzados to buy a tangible asset: soccer star Romario Farias. The 22-year-old player, who led Brazil's team to a silver medal in the Olympics, has signed a three-year, $900,000 contract to play for PSV Eindhoven, a Dutch team sponsored by Philips. Frustrated Brazilian fans are wondering: Will their country try to solve its debt crisis...
...than 400 commercial banks showed that they were capable of orchestrating a significant reduction in Latin American debt. They agreed on a plan that could slash Brazil's $110 billion debt load by $18 billion within five years. Some of the loans will be exchanged for equity stakes in Brazilian businesses. The banks will suffer losses, although technically Brazil did not default on any of its loans. As the bankers view the transactions, the loans have been reduced but not forgiven...
...undervalued dollar will hand American industry to foreigners; or, when the foreigners get tired of spotting us, interest rates will shoot up, and we'll have a recession; or, as the trade deficit narrows, domestic and export demand will combine to create inflation; or, the burning of Brazilian rain forests will deprive the world of oxygen, and we'll all choke to death; etc. But the sky hasn't fallen. And trying to persuade people it's going to fall any minute is probably not the best way to build a consensus on the next step...
...struggling to subdue Canada 76-70. Against Brazil, which upset the Americans in last year's Pan Am Games final, the U.S. trailed early. But a suffocating full-court defense led by Vernell ("Bimbo") Coles and muscular moves under the basket by J.R. Reid shook the Brazilians' rhythm. By half time the U.S. had moved ahead 63-55, and a 21-7 tear at the start of the second half put the game beyond even the reach of Brazilian superstar Oscar Schmidt, who managed 31 points despite close coverage. (In a later losing effort, Schmidt sank 55 points, an Olympic...