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Periscope.(includes multiple articles)

Newsweek International

| January 20, 2003 | Thomas, Rich; Masland, Tom; Barry, John (Irish bishop); McGuire, Stryker; Flynn, Emily; Beith, Malcolm; Friess, Steve; Mnookin, Seth; Javers, Ron | COPYRIGHT 2003 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Brazil: Lula's Looking Good

As soon as Brazilian President Luiz Inacio (Lula) da Silva was sworn in on Jan. 1, the world worried that his leftist leadership would send Brazil down the path of neighboring Argentina. Foreign investors feared he would focus on pleasing his support base and fail to execute necessary reforms. Instead, Lula seems to be taking steps to defuse what some considered Latin America's biggest time bomb.

The Brazilian president has wowed financial markets by introducing a program of severe fiscal austerity. The largely impoverished voters who elected Lula have been placated--for the time being at least--by the appointment of large ...

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Source: HighBeam Research, Periscope.(includes multiple articles)