Word: mello
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...lesson of these times is that free markets succeed where governments fail, Brazilian President Fernando Collor de Mello is a very voguish thinker. Though his effort to revive his country's punch-drunk economy gets much less attention than the shake-ups transforming Eastern Europe, his monetary program . is every bit as revolutionary. To corset the bloated public sector and turn the economy over to the entrepreneurs, Collor has adopted policies more radical than anything attempted in Brazil in decades -- or perhaps ever -- since taking office on March 15. His approach, says Kenneth Maxwell, senior fellow at the New York...
...write off an additional 20% of $2.9 billion in loans made to Argentina and 20% of $11 billion loaned to Brazil. The announcement was unexpected, since both countries have recently achieved some economic gains. Although Brazil has been delinquent on its long-term debt, President Fernando Collor de Mello has launched promising economic reforms since taking office in March. Argentina last month began paying some interest after a two-year halt...
President Fernando Collor de Mello said last week that the government had to "stop Rio from becoming a new Chicago." Local critics suggested that a better comparison might be with Medellin, Colombia...
...fate of the Amazon rain forest. "If you set your homes on fire, it will threaten the homes of your neighbors," Lutzenberger noted with simple eloquence. Because of his reputation for outspokenness, the international environmental community was dumbfounded in March, when newly inaugurated President Fernando Collor de Mello named Lutzenberger Secretary of the Environment...
Donning army fatigues, Brazilian President Fernando Collor de Mello boarded an air force SuperPuma helicopter last week and flew over the dense rain forest of Roraima in the northern Amazon. The region is home to the Yanomami, a stone-age tribe threatened with extinction. For the past three years, their federally protected lands have been devastated by gold prospectors, whose search for riches has led to the deaths of an estimated 1,200 Indians from the 9,000-member tribe, largely through disease. Last October a federal court ordered the miners to leave the territory. But hundreds remained, using crude...