Word: brazill
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BRASILIA, Brazil: Now the IMF is throwing money at investors. Desperate to attract traders after months of dithering that stalled its planned $30 billion bailout of Brazil, the fund Friday announced it had upped the ante to a whopping $41 billion. FORTUNE writer Nelson Schwartz says the extra cash should do the trick -- not just by filling Brazil's coffers, but by warming investors' hearts...
...extra money just adds to its impact," he says. "It gives the markets hope that South America can be stabilized, and that the IMF is willing to go all the way to make sure of that." That added confidence means capital flight out of Brazil and its currency, the real, should stop -- and that can ensure a recovery in and of itself. Adding to the warm fuzzies is this happy parallel: The U.S. is chipping in $5 billion on its own, the largest such committment since the bailout of Mexico in 1995. And that, not coincidentally, was the last time...
Griffith makes the sealant rubber that Daimler-Benz, Volvo, Mack Trucks and other truckmakers use around windshields and under hoods. Laney sees a domino effect: if U.S. companies can't ship their products to Asia, Brazil, Russia or other places in economic turmoil, they won't need trucks to get their products to port. That's why Laney is scaling back, even though orders for new trucks increased in 1998. "We're not spending money on new equipment," he says. And after two years in which Griffith built two new plants and invested some $3.5 million in new manufacturing capacity...
...create scenarios where Asia will muddle through. You can create equally plausible scenarios where we will have a meltdown. My guess is that we will see continuing recession in Asia, very low growth in the U.S. and Europe, and I think Latin America depends very much on Brazil. It's likely we are going to have very low growth...
...being used to cap the various dumps around Boston, including one in Boston Harbor on Spectacle Island (where a park will be built on top of the new man-made dirt heap). The amount of dredged-up earth, if put in dump trucks, would stretch all the way to Brazil. The concrete used could make a sidewalk to San Francisco and back three times...