Word: paulo
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...prices and wages spiral out of control, business strategy is virtually paralyzed. Says Thomas Michael Lanz, director of a Sao Paulo electronic-tools company: "We are all lost. We can't plan, we can't set prices, we can't decide whether to hire or fire." Senhor, the widely read Sao Paulo-based business magazine, put an upside-down map of Brazil on its cover last week with the headline GENERAL CONFUSION...
...fill the bankers' bellies and the people's bellies at the same time." On their side, the creditors may be sympathetic, and if the talks go well, will consider giving Brazil new loans. But their patience will not last indefinitely. Says a U.S. banker based in Sao Paulo: "The banks want Brazil to admit it has problems, show a feasible plan for dealing with them, and stop throwing sand in the faces of creditors...
...possibly disrupt business. But at Brazil's BancoMovel (mobile bank), many of the best-dressed people wear mostly suntan lotion. Housed in small red 9-ft. by 5-ft. trailers, two of these automated tellers-on-wheels are stationed in or around beach resorts near Rio and Sao Paulo, providing cash around the clock to customers who may leave home without their clothes but never without their electronic banking cards...
...after 21 years of military rule was a tribute to the country's long-suppressed commitment to democracy. Some 69 million voters, or 95% of those registered, cast their ballots. That showing was a record even in a country where voting is compulsory. In working-class neighborhoods in Sao Paulo, residents waited up to an hour in midday heat for the chance to vote...
...tourist dollars, should also get a boost. During the first two months of this year, Pan Am carried 4,800 Americans to Africa, about 10% more than in the same period last year. South American countries, notably Brazil, are attracting greater than usual numbers of U.S. tourists. Says Paulo Marcos, promotion manager for Brazil's Othon Hotels: "Usually after carnaval, they all head home. But this year there are still many around, and we understand that more are coming in June and July...