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  "documentTitle": "American Tower (AMT)",
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  "authorName": "Carson C. Block",
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      "text": "American Tower operates in countries that are prone to episodic inflationary spikes, currency volatility, and social upheaval.",
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      "text": "CPI can help provide a good view of the macro economy, but as the particulars and quality of the official statistical metrics can vary from country to country, and may eliminate variable costs that impact real people, investors may be surprised.",
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      "text": "American Tower operates in countries that are prone to episodic inflationary spikes, currency volatility, and social upheaval. These triple risks translate directly into costs.",
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      "text": "Multinationals who utilize joint ventures as strategic investment may encounter partnership problems when business interests become misaligned. In the case of American Tower we understand from industry insiders that AMT's JV partners have sought to offload their rising operating costs into the JV.",
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      "text": "In India inflation has increased to 9% and the Rupee has declined another 11% since May. Brazil's inflation is again above 6% and its interest rates are at 9% or above while its currency has dropped 30% in the last three years.",
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