president luiz inaÁcio lula da silva, known simply as "lula," is a former metal worker with a fourth-grade a doctorate in charisma. when he was elected eight years ago on his fourth try, lula was a firebrand labor leader with socialist tendencies. some predicted another hugo chavez. but he left office at the end of last year with a 77% approval rating, and much of the credit for turning the country around. we talked to him at the presidential residence in brasilia. when you took office, there were many businessmen, both in brazil and abroad, who were very nervous about you, who thought that you were a socialist and that you were going to take the country sharply to the left. yet these people now are among your biggest supporters. how did that happen? >> lula ( translated ): look, every once in a while, i joke that a metal worker with a socialist background had to become president of brazil to make capitalism work here. because we were a capitalist society without capital. and if you look at the banks' balance sheets for this year, you will see that the banks have never made so much money i

and then president lula.n a trust but various tied. you had two leaders who understood that their national interest -- or that they had more in common and their national interests shared more than separated us. that is to both presidents' credit. i'm personally pleased that president obama has continued that path in terms of u.s.-brazilian relationships. but it is more than a trust but verified circumstance. mr. chavez did not come into the office with the intent to be our friends or to get along with us. i think he had another agenda. and this is, i think, also one of those issues that the anti-democrats in the hemisphere learned in the 1908's they could not shoot their way into power so that they had to learn the democratic practices but without adopting the democratic ethos and internalizing it. they have done a very good job. and as jorge mentioned, it is a matter that we struggle with because whether we like his policies or not, president chavez is elected. president morales, elected. you go down the lis

>> se presenta como un nuevo modelo y no va a imitar ni a chavez ni lula.os jovenes, que vinieron muchos que hoy dÍa son ilegales... claro que eso el no ha hecho por problemas econÓmicos del 'paÍs. es un momento donde los hispanos le estÁn diciendo " usted nos hizo una promesa, no la cumple, ahora no es garantizado que en Él 2012 vamos a votarlo". >> 67 % de los hispanos votaron por obama. uds creen que menos hispanos votaron por Él? >> estuve en la reuniÓn en la protesta de la casa blanca. >> le dijeron "yes you can". evitar las deportaciones. >> pero el presidente justificÓ su actitud. y en segundo lugar el congresista lo llamÓ mentiroso a obama, porque prometiÓ que antes de que termine su mandato venÍa una reforma migratoria. no ha podido cumplir. entonces esa situaciÓn nos lleva a un punto de vista que nosotros los hispanos que nos hemos hecho ciudadanos tenemos ciertas dudas. tenemos un presidente expire nuestro voto y tiene la palabra o solamente son oportunidades? >> 67 % votaron por obama. creen que menos votaran por el? >> creo que si. >> yo tambie

lula never let a military rebellion. others did.lula had never associate his own views with those of chavez. again, as my colleague michael reid had indicated. i pay attention to the mexico 2000 elections for other reasons. the role of the mass media that interest do and this committee, the role of the electoral and solution that is crucially. the role of the present and political parties at the time. but again let me highlight why i do so. on the opposition side, which is one of the lessons i draw from venezuela. it was essential for the long running opposition party, to believe that it could win. and, therefore, not to shrink away from contesting elections, not doing what the venezuelan opposition did in december 2005 to abstain and enable chavez's political forces to control international armament. to believe that you could win also means that you believe you can challenge electoral fraud. admittedly with cooperation with others which is the next one i want to make. international and domestic election observers were important. in

lula's. lupe's please. do so. simply. because. if. russia would be soo much brighter than the moon about sums from funds to pressure in some. muslim stance on t.v. don't come. down low key official anti up location joe on the phone or i pod touch from the top story. which all changed life on the go. see video on demand all t.v.'s my old costs and our s.s. treats now in the palm of your. questions on the dot com. the headlines. media mogul rupert murdoch is on the offensive claiming news corps made only minor mistakes even as the f.b.i. moves in over the possible phone hacking of nine eleven victims. and the e.u. scrambles to cut spending the debt hole sweeping the block threatens to sink italy the greatest leadership's efforts to keep the wavering currency among. america's two faced of torture tactics rising uproar over the u.s. training of exporting brutal interrogators preaching the human rights to the rest of the world. are those are the headlines here are but now ahead first we go into the world of sports with. the crowds of the o

lula had never associated his views with chavez. i pay attention to the mexican 2000 elections for other reasons, the role of the mass media that interests you and the committee, their role of the electoral institutions that is equally crucial, the role of the president the political parties highlight why i do so. on the opposition side, which is one of the leftist i draw from venezuela, it was essential for the long running opposition party to believe that it could win, and therefore, not to shrink away from contesting the elections, not doing with the opposition. in december 2005 to abstain, unable chavez's political forces to retain every seat in the national parliament, to leave means you can challenge the electoral fraud, with others which is the next point i want to make. the mexico 2000 presidential election was one of many where international and domestic election observers were important. it included the ndi, the iri, or chatting before about that election, and it is one of the seven ways -- significant ways there is an imp

these are great statistics, often attributed to one man, luiz lula da silva led brazil for eight successiveesident obama once described him as "the man." his welfare scheme brought prosperity to millions of brazilians, generous pay rises, easy access to credit. he has made brazil a more prosperous place. you could even say it's put an extra zing in the samba moves at rio's carnival. but the party might soon be over. rising agriculture and a surge in commodity prices over the next decade have fueled brazil's boom, but taken the pressure off the government to do structural reforms. economists worry that brazil's growth has turned into a bubble and it is about to burst. that's a worrying problem not just for a country of 200 million, but the entire continent that looks to brazil as a model for growth. in the last two weeks, their currency has hit a 12-year high against the dollar, a surge of nearly 50% in two years. that might sound good, but actually making brazilian exports much less competitive. interest rates in brazil have crossed 12%, so borrowing costs are very high. brazil's new presid