Word: sells
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...Francisca da Silva, who exudes middle-class expectations and remains positive despite the tsunami of bad news. Thanks to a government scheme to encourage entrepreneurs, the once dirt-poor housewife has received some $8,000 in low-interest bank credits in recent years and now owns three shops that sell everything from shampoo to public-transit tickets. "I didn't have a bank account before," says Da Silva, 37, standing beneath graffiti-covered walls and pirated power lines. "I never had a car. I bought a Fiat Palio." Does she fear the global recession will quash her dreams? "I trust...
...sure, the boom - years of 5% growth and soaring exports - is over. Industrial production has plunged. Even Embraer, the aircraft maker whose jets sell to scores of airlines, and which has become a symbol of Brazil's newfound confidence, recently announced plans to lay off 4,000 employees, almost one-fifth of its workforce. Commodity exports - soybeans, steel - are weak. The main stock market is down 25% since September. But Lula, a former shoe-shine boy who heads the leftist Workers Party (PT), has so far kept the good times from becoming a hellish bust. In Brazil, that's nothing...
...This market will only stop falling when people run out of stock to sell.' DOREEN MOGAVERO, president of New York City brokerage Mogavero Lee & Co., after the Dow fell to its lowest point in over a decade...
...this symbiotic economic relationship has, until recently, only made the headlines when it’s a matter of defective toys and toxic foodstuffs. Although at earlier points in our history we woefully mistreated African Americans and Native Americans, we lecture China about its treatment of Tibet and sell arms to what the Chinese regard as a “break-away” province, Taiwan. We compete with China for natural resources and influence in the developing world. Now, the only reliable component of the equation, economic interdependence, is threatened by the global credit crunch, which is closing...
...more than 20 visits to Israel, slogging between Jerusalem and Ramallah, the seat of the Palestinian Authority, with little to show for her efforts. That same fate may await Clinton. Her only hope is to convince Israelis that Palestinian President Mahmoud Abbas, who is moderate but weak, can never sell peace to his people unless Israel, as a first step, removes some Jewish settlements and army checkpoints from inside the Palestinian territories. (See pictures of Ramallah under siege...