Secret Recordings Cause Political Turbulence in Brazil

Secret Recordings Cause Political Turbulence in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – With new segments of the secret recordings made by Sergio Machado, former president of Transpetro, being made public, Brazilian politicians are trying to explain comments and restate their commitment to the Lava Jato (Carwash) mega corruption investigation. President of the Senate, Renan Calheiros, tried once […]

Brazil’s Senate President Caught in Dubious Conversation

Brazil’s Senate President Caught in Dubious Conversation

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Days after Brazilian Planning Minister, Romero Jucá, stepped down under suspicion of trying to limit investigations on mega-corruption scandal Lava-Jato (Carwash), another recording has implicated other, high-level officials in the scheme. Recorded conversations between Sergio Machado, the ex-president of Transpetro, and Senate president Renan Calheiros […]

Brazilian Government Announces New Economic Measures

Brazilian Government Announces New Economic Measures

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The interim government of brazil announced on Tuesday the first economic measures to try to improve the country’s ailing economy, by cutting down spending and reducing Brazil’s public debt. Finance Minister, Henrique Meirelles, said that one of the measures include the creation of a ceiling […]

Brazil’s New Planning Minister Steps Down Amidst Scandal

Brazil’s New Planning Minister Steps Down Amidst Scandal

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The new interim government in Brazil was shaken early Monday morning with the release of a recording where Planning Minister, Romero Jucá, allegedly tells a colleague that impeachment proceedings against President Dilma Rousseff are necessary so as to limit investigations on the Lava Jato (Carwash) […]

Congress in Brazil Expected to Approve New Primary Deficit

Congress in Brazil Expected to Approve New Primary Deficit

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The interim government of Brazil estimates that the primary budget deficit will reach R$170.5 billion in 2016, approximately 2.5 percent of the country’s GDP. The new estimate is a jarring 76.4 percent higher than the R$96.7 billion deficit estimated in March by the Rousseff Administration. […]

Brazil’s Interim Government Replaces Petrobras President

Brazil’s Interim Government Replaces Petrobras President

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The new interim government of Brazil announced on Thursday it is replacing the president of Petrobras. Former Energy Minister in the Cardoso Administration, Pedro Parente will replace Aldemir Bendine at the country’s state-run oil giant, the epicenter of a mega corruption scandal which has rocked […]

Serra Reaffirms Brazil’s Partnership Priority with Argentina

Serra Reaffirms Brazil’s Partnership Priority with Argentina

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The newly appointed foreign relations’ minister in Brazil, José Serra, announced on Wednesday (May 18th) the new strategies which will guide the country’s foreign policy, moving away from what he called ideological preferences to the general values of the Brazilian society. According to Serra, in […]

Brazil’s New Government Cuts Resources for Housing Program

Brazil’s New Government Cuts Resources for Housing Program

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The new Cities Minister in Brazil, Bruno Araujo, revoked on Tuesday (May 17th) a government order that would allow state-run bank, Caixa Economica, to authorize the construction of up to 11,000 new housing units under the entities modal of the Minha Casa, Minha Vida (My […]

Brazil Announces New Central Bank President

Brazil Announces New Central Bank President

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The new finance minister of Brazil, Henrique Meirelles, announced Tuesday morning the appointment of Ilan Goldfajn as the new Central Bank president as part of the government’s plan to revamp the country’s ailing economy. Meirelles also announced that the government would seek Congressional approval to […]

Brazil’s Interim President Temer Faces Panelaço Protest

Brazil’s Interim President Temer Faces Panelaço Protest

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The interim president of Brazil, Michel Temer, gave his first TV interview on Sunday night as temporary leader of the country. In several cities all over the country, however, people starting banging their pans in a form of protest against the interview, known as ‘Panelaço’. […]

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