Word: bolsa
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...Lula's initial program to feed the poor was called Fome Zero, but after nine months of teething troubles and mismanagement it morphed into Bolsa Familia, a collection of programs centered around an existing scheme that paid mothers to ensure their kids stay in school. The Bolsa Familia gives households earning up to $56 a month per head a monthly allowance of between $7 and $43. Families earning up to $27 are entitled to $21 more depending on the number of children, pregnant females or young mothers. To qualify, kids between the ages of 6 and 15 must attend...
...More than happy with the Bolsa Familia program that has given nine million of the country's poorest families a guaranteed monthly handout, and credulous of his claims that the elite are out to get him, disadvantaged voters have kept Lula comfortably ahead in the polls and the firm favorite to win the Oct. 1 presidential election...
...when markets there are especially volatile. So in buying Abbey, Botín was seeking diversification. "The acquisition will balance Santander's risk while buying a bank with a critical volume that will allow it to reach the mass market," says Javier Bernat, an analyst with stockbroker Caja Madrid Bolsa. Botín said he would be able to wring cost savings of €450 million from Abbey as well as increasing revenues by €110 million, for a total of €560 million in increased earnings by 2007. This could mean sweeping job cuts at the British lender. Some...
...chance to sit down only every five hours. Otamendi, 45, says the police humiliated him for his homosexuality, telling him to "take the position I use when my lover and I make love." On the third day, he says, they gave him the notorious treatment known as la Bolsa - "the bag" - a plastic sack pulled over the head to cause a panic they hoped would compel him to name his ETA contacts. But Otamendi insists he has none. His only relationship with the terrorists, he says, was several interviews conducted years ago. "There's never been any suggestions from...
...VIVA LA BOLSA A new President in Peru and a debt deal in Argentina last week helped volatile Latin American funds rise 2.4%. But the broader story is in Mexico, which with Brazil makes up 90% or so of the region's portfolio. Brazil's stock index is down 14% since January, but as an Evergreen manager says, "Mexico is on a tear." Its export gains and slower but solid growth will drive this fidgety sector through expected summer doldrums...