lula!
Lula's Rules Brazil could undo Bush's trade scheme.
Just when it was looking as if the Bush administration would stamp its economic model on the entire Western Hemisphere, a credible challenge has emerged. South America's largest and most self-reliant economy is very likely to elect a popular moderate leftist. Luiz Inacio Lula da Silva of the Workers Party in Brazil has campaigned vigorously against President George W. Bush's proposed Free Trade Area of the Americas (FTAA). First imagined by Ronald Reagan, it would essentially extend the North American Free Trade Agreement from the Arctic Circle to Tierra del Fuego. With a crucial negotiating session co-chaired by the United States and Brazil in Quito, Ecuador, set for just after Brazil's Oct. 27 runoff elections, and negotiations scheduled to continue until January 2005, the FTAA will not be the cakewalk the United States wants. [more]
The FTAA is good for American Corporations and screws everyone else. Hopefully Lula can hold his ground. |