| ID | 106420 |
| Title Proper | Sao Paulo |
| Other Title Information | the best-and worst-of Latin America |
| Language | ENG |
| Author | Blount, Jeb |
| Publication | 2011. |
| Summary / Abstract (Note) | Project MUSE - World Policy Journal - New Capitols of Capital Project MUSE Journals World Policy Journal Volume 28, Number 1, Spring 2011 New Capitols of Capital World Policy Journal Volume 28, Number 1, Spring 2011 E-ISSN: 1936-0924 Print ISSN: 0740-2775 Sub-Article from New Capitols of Capital São Paulo:The Best-and Worst-of Latin America Featuring Jeb Blount on São Paulo Return to Article Luiz Inacio Lula da Silva spent eight years confounding expectations as the president of Brazil. Perhaps no moment better exemplified Lula's ability to defy easy categorization than his appearance last September at the Bovespa, São Paulo's stock exchange. Lula-a gruff, bearded, working-class leader-was there to celebrate history's biggest-ever sale of stock, a $68 billion offer to government and private investors of new shares in the oil company Petroleo Brasileiro SA, usually known as Petrobras. The sale made Lula-critic of capitalism and champion of the poor -the head of the world's fourth-largest company by market value, a corporate titan nearly the size of ExxonMobil. Even Lula, who was three months from leaving office, seemed surprised by the situation. "Ten years ago I came here and people shook with fear to see me, this devourer of capitalism," Lula told the bankers, brokers and government officials gathered on the floor of the exchange. "Well, this devourer of capitalism is leaving office having honorably participated in the most auspicious... |
| `In' analytical Note | World Policy Journal Vol. 28, No. 1; Spring 2011: p.32-34 |
| Journal Source | World Policy Journal Vol. 28, No. 1; Spring 2011: p.32-34 |
| Key Words | Sao Paulo ; Latin America ; Economic Conditions |