IBOV 170,840.84 ▼ 0.71% IPC MEX 72,006.05 ▲ 0.16% MERVAL 2,848,945 — — USD/BRL5.64▲ 0.99% USD/MXN18.60— 0.00% USD/CLP994.73▲ 1.21% USD/COP3,305▼ 0.07% USD/PEN3.40▼ 0.09% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP60.46▲ 0.02% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES902.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.23▲ 0.01% BRENT 96.22 ▲ 3.73% WTI 89.09 ▲ 2.96% IRON ORE 161.91 — — COPPER 6.19 ▼ 1.31% GOLD 3,890 ▼ 2.77% SILVER 50.04 ▼ 3.55% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 3.53% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.42 ▼ 2.70% PETR4 44.87 ▲ 3.03% VALE3 64.10 ▼ 0.51% ITUB4 41.37 ▼ 0.84% BBDC4 14.17 ▼ 1.12% ABEV3 15.64 ▼ 1.32% BBAS3 15.43 ▼ 8.64% B3SA3 14.66 ▼ 0.95% WEGE3 51.58 ▼ 0.06% PRIO3 63.51 ▲ 3.32% SUZB3 55.95 ▲ 4.00% RENT3 29.52 ▼ 2.38% AZZA3 16.46 ▲ 7.09% CSAN3 2.84 ▼ 6.27% RAIZ4 0.30 ▼ 98.60% PCAR3 2.42 ▼ 4.72% GMAT3 3.87 ▼ 5.15% PSSA3 45.70 ▼ 0.61% CVCB3 0.83 ▼ 3.49% POSI3 3.44 ▲ 3.61% SLCE3 18.20 ▲ 6.74% NATU3 5.29 ▼ 5.87% BRKM5 3.12 ▲ 6.85% RANI3 8.18 ▼ 2.50% CSNA3 4.22 ▼ 6.64% IBOV 170,840.84 ▼ 0.71% IPC MEX 72,006.05 ▲ 0.16% MERVAL 2,848,945 — — USD/BRL 5.64 ▲ 1.04% USD/MXN 18.60 ▲ 0.02% USD/CLP 994.68 ▲ 1.21% USD/COP 3,305 ▼ 0.07% USD/PEN 3.40 ▼ 0.09% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.47 ▲ 0.03% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 2.15% USD/TTD 6.71 ▲ 2.19% EUR/BRL 6.24 ▲ 0.08% BRENT 96.22 ▲ 3.73% WTI 89.09 ▲ 2.96% IRON ORE 161.91 — — COPPER 6.19 ▼ 1.31% GOLD 3,890 ▼ 2.77% SILVER 50.04 ▼ 3.55% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 3.53% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.42 ▼ 2.70% PETR4 44.87 ▲ 3.03% VALE3 64.10 ▼ 0.51% ITUB4 41.37 ▼ 0.84% BBDC4 14.17 ▼ 1.12% ABEV3 15.64 ▼ 1.32% BBAS3 15.43 ▼ 8.64% B3SA3 14.66 ▼ 0.95% WEGE3 51.58 ▼ 0.06% PRIO3 63.51 ▲ 3.32% SUZB3 55.95 ▲ 4.00% RENT3 29.52 ▼ 2.38% AZZA3 16.46 ▲ 7.09% CSAN3 2.84 ▼ 6.27% RAIZ4 0.30 ▼ 98.60% PCAR3 2.42 ▼ 4.72% GMAT3 3.87 ▼ 5.15% PSSA3 45.70 ▼ 0.61% CVCB3 0.83 ▼ 3.49% POSI3 3.44 ▲ 3.61% SLCE3 18.20 ▲ 6.74% NATU3 5.29 ▼ 5.87% BRKM5 3.12 ▲ 6.85% RANI3 8.18 ▼ 2.50% CSNA3 4.22 ▼ 6.64%
since 2009
Thursday, November 12, 2026

Flying by the Seat

By · · 3 min read

Editorial

RIO DE JANEIRO, BRAZIL – Years ago I first heard someone say; “how do you make God laugh?, make a plan” – which struck me as odd as my brain seems to work incessantly on tangential scenario evaluations. The counter of course is the proverb, “luck, is when opportunity meets preparation”.

Flying by the Seat
Stone Korshak, Editor and Publisher of The Rio Times.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

It is hard to imagine our leaders in government have not tried to plan for all the contingencies, as the UPP (Police Pacification Units) program has been conceived and rolled out in Rio de Janeiro.

Since 2008 the some 25 UPP units have been installed across Rio’s most dangerous and lawless places, in the illegal-squatter communities called favelas (translates to slums).

I write that last part knowing it is a controversial issue, how the government allowed so many impoverished citizens (22 percent of Rio de Janeiro) to have no better option.

Without going into the full history of how that happened, it seems the decision to just let favelas grow and self-regulate has run its course. Yet turning into an icon in itself of the Cidade Maravilhosa, they certainly are not going away overnight, perhaps not for 15-20 years.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Colombia's president announces a new cartel airstrike”

Only in the last five years the government has decided to try to govern these areas. Many question the motives, the hosting of the 2016 Olympics being named as the motivation for a superficial policy of perception.

Someone wrote a comment on my last editorial titled “We Like the UPP” that it is “easy to be an optimist when you don’t live there” … and this true of course. My optimism is hopefully well placed in the desire to have a “plan” though.

I hate to draw any analogy to the Rio+20 UN Conference on Sustainable Development, as for so many it was seen as an epic failure. But, on the flip side it signals a focus and dialogue on a scale that never existed before.

Is it too late, too slow, not enough, not actionable, not realistic, not being followed, not going to succeed … maybe. But back to the proverbs, if first you don’t succeed, try, try again.

This is all to the point of evaluating the progress of the UPP program. A fellow journalist in Rio recently published a great article about it. The net result in my mind is, it is doing okay, but needs to be better.

As a UPP officer in Vidigal told one of our reporters a couple weeks ago, “It’s a different reality for different favelas in Rio. You cannot put them all in the same bracket.”

It comes as no surprise that Zona Norte (North Zone) strong-hold Complexo do Alemão (estimated 70,000 residents) and the Zona Sul (South Zone) infamous Rocinha (also estimated between 70,000-100,000) have been much more volatile and resistant to the “pacification” process.

What Rio needs is a UPP policy committed to the social security and improvement of these favela communities, but also with the capacity for continuous evaluation and improvement to the policy.

Somehow balancing progress in the present, with planning and solving for all the challenges that arise. Not flying by the seat of our pants though, carefully, measure twice and cut once.

Table_saw_cutting_wood_at_an_angle,_by_BarelyFitz

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.