IBOV 174,907.87 ▼ 1.03% IPSA 10,956.85 ▲ 0.37% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,306,661 ▼ 0.39% COLCAP 2,290.71 ▲ 0.33% BVL PERÚ 58,287.01 — — USD/BRL5.06▼ 0.42% USD/MXN17.46▼ 0.35% USD/CLP943.65▼ 0.24% USD/COP3,213▼ 0.07% USD/PEN3.40▲ 0.25% USD/ARS1,494▲ 0.34% USD/UYU40.14▲ 1.38% USD/PYG6,022▲ 1.26% USD/BOB11.18▲ 4.51% USD/DOP57.99▼ 0.28% USD/CRC449.17▲ 1.76% USD/GTQ7.63▲ 2.33% USD/HNL26.75▲ 0.82% USD/NIO36.62▲ 0.26% USD/VES740.37▲ 0.46% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▲ 0.11% USD/TTD6.71▲ 0.92% EUR/BRL5.76▼ 0.25% BRENT 97.23 ▼ 3.44% WTI 89.77 ▼ 2.63% IRON ORE 161.91 — — COPPER 6.35 ▲ 0.67% GOLD 4,063 ▲ 0.41% SILVER 58.59 ▲ 1.36% SOY 1,247 ▲ 0.75% CORN 482.50 ▲ 3.99% WHEAT 669.75 ▼ 3.81% COFFEE 314.65 ▲ 1.70% SUGAR 14.62 ▼ 0.48% ORANGE JUICE 142.45 ▼ 2.96% COTTON 80.00 ▲ 0.20% COCOA 5,370 ▲ 1.30% BEEF 223.70 ▼ 0.75% CATTLE 345.13 ▲ 0.39% LITHIUM 68.14 ▼ 1.27% PETR4 42.42 ▼ 1.23% VALE3 75.41 ▼ 0.36% ITUB4 42.26 ▼ 0.70% BBDC4 18.56 ▼ 0.85% ABEV3 15.80 ▼ 0.75% BBAS3 20.51 ▼ 2.01% B3SA3 15.62 ▼ 0.19% WEGE3 45.77 ▲ 0.22% PRIO3 59.35 ▼ 1.97% SUZB3 42.09 ▼ 0.80% RENT3 37.16 ▲ 0.05% AZZA3 16.89 ▼ 0.94% CSAN3 3.85 ▼ 1.28% RAIZ4 0.27 — 0.00% PCAR3 2.87 — 0.00% GMAT3 3.87 — 0.00% PSSA3 54.83 ▼ 0.63% CVCB3 1.34 ▲ 2.29% POSI3 3.61 ▼ 1.63% SLCE3 13.73 ▼ 0.29% NATU3 8.44 ▼ 1.40% BRKM5 6.09 ▼ 1.30% RANI3 7.94 ▲ 0.13% CSNA3 5.34 ▲ 0.75% CMIN3 5.85 ▲ 0.34% USIM5 8.45 ▼ 0.47% GGBR4 24.20 ▲ 0.58% ENEV3 25.08 ▼ 2.41% CPFE3 45.49 ▼ 1.58% CMIG4 11.03 ▼ 1.43% EQTL3 38.39 ▼ 1.61% LREN3 13.25 ▼ 0.90% VIVT3 35.55 ▲ 2.45% RAIL3 13.71 ▼ 1.79% KLABIN 17.42 ▼ 1.36% RAIA DROGASIL 18.08 ▼ 0.60% RDOR3 33.40 ▼ 0.80% HAPV3 10.27 ▼ 1.91% FLRY3 16.36 ▼ 1.33% SMTO3 15.28 ▼ 2.74% UGPA3 32.87 ▼ 1.56% VBBR3 35.24 ▼ 1.01% BBSE3 41.64 ▼ 1.79% BPAC11 55.36 ▼ 1.67% CURY3 29.58 ▼ 0.14% AERI3 2.03 ▲ 0.50% VIVARA 21.25 ▼ 0.93% COMPASS 24.90 ▼ 0.72% VAMOS 3.22 ▲ 0.31% SANB11 26.40 ▼ 0.86% ASAI3 7.89 ▼ 1.62% SBSP3 28.47 ▼ 0.97% WALMEX 47.82 ▲ 1.01% GMEXICO 210.09 ▲ 0.40% FEMSA 223.11 ▲ 0.35% CEMEX 21.54 ▲ 0.28% GFNORTE 191.70 ▲ 1.29% BIMBO 58.68 ▼ 0.68% TELEVISA 9.81 ▲ 0.20% AMX 22.82 ▲ 0.26% GAP 373.94 ▼ 0.67% ASUR 267.00 ▼ 1.05% OMA 225.89 ▼ 0.62% KOF 179.34 ▼ 0.21% GRUMA 266.56 ▼ 0.88% KIMBER 39.69 ▲ 1.07% SQM-B 65,994 ▲ 0.76% COPEC 6,385 ▲ 2.00% BSANTANDER 79.65 ▼ 0.44% FALABELLA 6,081 ▲ 0.38% ENELAM 85.18 ▲ 0.21% CENCOSUD 1,957 ▼ 0.55% CMPC 1,045 ▼ 0.58% BANCO CHILE 191.71 ▲ 0.52% LATAM AIR 23.89 ▲ 1.66% YPF 81,250 ▼ 1.49% GGAL 7,875 ▼ 0.88% PAMPA 5,580 ▼ 0.89% TXAR 676.50 ▼ 0.51% ALUAR 979.00 ▼ 0.36% TGS 9,915 ▼ 0.80% CEPU 2,410 ▼ 0.41% MIRGOR 16,575 ▼ 0.90% COME 42.81 ▲ 0.66% LOMA NEGRA 3,670 ▼ 2.52% BYMA 292.00 ▼ 0.17% TELECOM ARG 4,333 ▲ 0.17% ECOPETROL 16.23 ▼ 0.61% BANCOLOMBIA 87.74 ▲ 1.09% GRUPO AVAL 4.95 ▲ 0.20% CREDICORP 391.49 ▲ 1.00% SOUTHERN COPPER 182.88 ▲ 0.36% BUENAVENTURA 31.54 ▲ 0.70% MERCADOLIBRE 1,833 ▲ 1.91% NUBANK 14.32 ▲ 0.91% XP 16.96 ▲ 0.74% PAGSEGURO 9.41 ▼ 0.58% STONE 11.07 ▲ 0.82% GLOBANT 31.58 ▲ 3.17% TECNOGLASS 45.41 ▲ 3.82% GAP AIRPORT 214.65 ▼ 0.37% ASUR 267.00 ▼ 1.05% OMA AIRPORT 103.34 ▼ 0.77% AMX ADR 26.08 ▲ 0.48% FEMSA ADR 127.81 ▲ 0.57% CEMEX ADR 12.27 ▲ 0.08% PETROBRAS ADR 18.89 ▼ 0.61% VALE ADR 14.87 ▲ 0.24% ITAU ADR 8.35 ▼ 0.06% SANTANDER BR 5.33 ▼ 0.56% AMBEV ADR 3.11 ▲ 0.49% CSN 1.06 — 0.00% GERDAU 4.81 ▲ 0.73% LATAM ADR 51.07 ▲ 2.46% BTC 63,777 ▼ 1.95% ETH 1,854 ▼ 1.24% SOL 73.82 ▼ 2.69% XRP 1.09 ▼ 1.75% BNB 557.93 ▼ 1.59% ADA 0.16 ▼ 2.63% DOGE 0.07 ▼ 0.86% AVAX 6.20 ▼ 0.99% LINK 8.31 ▼ 1.80% DOT 0.79 ▼ 2.86% LTC 46.12 ▼ 1.72% BCH 209.03 ▼ 1.44% TRX 0.33 ▲ 0.46% XLM 0.18 ▼ 3.11% HBAR 0.07 ▼ 0.73% NEAR 1.84 ▼ 2.31% ATOM 1.39 ▼ 2.26% AAVE 94.19 ▼ 0.89% SELIC 14.25% EMBRAER 83.14 ▼ 0.31% EMBRAER ADR 65.64 ▲ 0.25% JBS 12.24 ▲ 0.87% JBS BDR 61.84 ▲ 0.03% MBRF3 15.33 ▼ 1.67% MBRFY 3.00 ▼ 2.91% INTER 5.49 ▲ 0.46% IBOV 174,907.87 ▼ 1.03% IPSA 10,956.85 ▲ 0.37% IPC MEX 66,247.47 ▼ 1.56% MERVAL 3,306,661 ▼ 0.39% COLCAP 2,290.71 ▲ 0.33% BVL PERÚ 58,287.01 — — USD/BRL 5.06 ▼ 0.42% USD/MXN 17.46 ▼ 0.35% USD/CLP 943.65 ▼ 0.24% USD/COP 3,213 ▼ 0.07% USD/PEN 3.40 ▲ 0.25% USD/ARS 1,494 ▲ 0.34% USD/UYU 40.14 ▲ 1.38% USD/PYG 6,022 ▲ 1.26% USD/BOB 11.18 ▲ 4.51% USD/DOP 57.99 ▼ 0.28% USD/CRC 449.17 ▲ 1.76% USD/GTQ 7.63 ▲ 2.33% USD/HNL 26.75 ▲ 0.82% USD/NIO 36.62 ▲ 0.26% USD/VES 740.37 ▲ 0.46% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.11% USD/TTD 6.71 ▲ 0.92% EUR/BRL 5.76 ▼ 0.25% BRENT 97.23 ▼ 3.44% WTI 89.77 ▼ 2.63% IRON ORE 161.91 — — COPPER 6.35 ▲ 0.67% GOLD 4,063 ▲ 0.41% SILVER 58.59 ▲ 1.36% SOY 1,247 ▲ 0.75% CORN 482.50 ▲ 3.99% WHEAT 669.75 ▼ 3.81% COFFEE 314.65 ▲ 1.70% SUGAR 14.62 ▼ 0.48% ORANGE JUICE 142.45 ▼ 2.96% COTTON 80.00 ▲ 0.20% COCOA 5,370 ▲ 1.30% BEEF 223.70 ▼ 0.75% CATTLE 345.13 ▲ 0.39% LITHIUM 68.14 ▼ 1.27% PETR4 42.42 ▼ 1.23% VALE3 75.41 ▼ 0.36% ITUB4 42.26 ▼ 0.70% BBDC4 18.56 ▼ 0.85% ABEV3 15.80 ▼ 0.75% BBAS3 20.51 ▼ 2.01% B3SA3 15.62 ▼ 0.19% WEGE3 45.77 ▲ 0.22% PRIO3 59.35 ▼ 1.97% SUZB3 42.09 ▼ 0.80% RENT3 37.16 ▲ 0.05% AZZA3 16.89 ▼ 0.94% CSAN3 3.85 ▼ 1.28% RAIZ4 0.27 — 0.00% PCAR3 2.87 — 0.00% GMAT3 3.87 — 0.00% PSSA3 54.83 ▼ 0.63% CVCB3 1.34 ▲ 2.29% POSI3 3.61 ▼ 1.63% SLCE3 13.73 ▼ 0.29% NATU3 8.44 ▼ 1.40% BRKM5 6.09 ▼ 1.30% RANI3 7.94 ▲ 0.13% CSNA3 5.34 ▲ 0.75% CMIN3 5.85 ▲ 0.34% USIM5 8.45 ▼ 0.47% GGBR4 24.20 ▲ 0.58% ENEV3 25.08 ▼ 2.41% CPFE3 45.49 ▼ 1.58% CMIG4 11.03 ▼ 1.43% EQTL3 38.39 ▼ 1.61% LREN3 13.25 ▼ 0.90% VIVT3 35.55 ▲ 2.45% RAIL3 13.71 ▼ 1.79% KLABIN 17.42 ▼ 1.36% RAIA DROGASIL 18.08 ▼ 0.60% RDOR3 33.40 ▼ 0.80% HAPV3 10.27 ▼ 1.91% FLRY3 16.36 ▼ 1.33% SMTO3 15.28 ▼ 2.74% UGPA3 32.87 ▼ 1.56% VBBR3 35.24 ▼ 1.01% BBSE3 41.64 ▼ 1.79% BPAC11 55.36 ▼ 1.67% CURY3 29.58 ▼ 0.14% AERI3 2.03 ▲ 0.50% VIVARA 21.25 ▼ 0.93% COMPASS 24.90 ▼ 0.72% VAMOS 3.22 ▲ 0.31% SANB11 26.40 ▼ 0.86% ASAI3 7.89 ▼ 1.62% SBSP3 28.47 ▼ 0.97% WALMEX 47.82 ▲ 1.01% GMEXICO 210.09 ▲ 0.40% FEMSA 223.11 ▲ 0.35% CEMEX 21.54 ▲ 0.28% GFNORTE 191.70 ▲ 1.29% BIMBO 58.68 ▼ 0.68% TELEVISA 9.81 ▲ 0.20% AMX 22.82 ▲ 0.26% GAP 373.94 ▼ 0.67% ASUR 267.00 ▼ 1.05% OMA 225.89 ▼ 0.62% KOF 179.34 ▼ 0.21% GRUMA 266.56 ▼ 0.88% KIMBER 39.69 ▲ 1.07% SQM-B 65,994 ▲ 0.76% COPEC 6,385 ▲ 2.00% BSANTANDER 79.65 ▼ 0.44% FALABELLA 6,081 ▲ 0.38% ENELAM 85.18 ▲ 0.21% CENCOSUD 1,957 ▼ 0.55% CMPC 1,045 ▼ 0.58% BANCO CHILE 191.71 ▲ 0.52% LATAM AIR 23.89 ▲ 1.66% YPF 81,250 ▼ 1.49% GGAL 7,875 ▼ 0.88% PAMPA 5,580 ▼ 0.89% TXAR 676.50 ▼ 0.51% ALUAR 979.00 ▼ 0.36% TGS 9,915 ▼ 0.80% CEPU 2,410 ▼ 0.41% MIRGOR 16,575 ▼ 0.90% COME 42.81 ▲ 0.66% LOMA NEGRA 3,670 ▼ 2.52% BYMA 292.00 ▼ 0.17% TELECOM ARG 4,333 ▲ 0.17% ECOPETROL 16.23 ▼ 0.61% BANCOLOMBIA 87.74 ▲ 1.09% GRUPO AVAL 4.95 ▲ 0.20% CREDICORP 391.49 ▲ 1.00% SOUTHERN COPPER 182.88 ▲ 0.36% BUENAVENTURA 31.54 ▲ 0.70% MERCADOLIBRE 1,833 ▲ 1.91% NUBANK 14.32 ▲ 0.91% XP 16.96 ▲ 0.74% PAGSEGURO 9.41 ▼ 0.58% STONE 11.07 ▲ 0.82% GLOBANT 31.58 ▲ 3.17% TECNOGLASS 45.41 ▲ 3.82% GAP AIRPORT 214.65 ▼ 0.37% ASUR 267.00 ▼ 1.05% OMA AIRPORT 103.34 ▼ 0.77% AMX ADR 26.08 ▲ 0.48% FEMSA ADR 127.81 ▲ 0.57% CEMEX ADR 12.27 ▲ 0.08% PETROBRAS ADR 18.89 ▼ 0.61% VALE ADR 14.87 ▲ 0.24% ITAU ADR 8.35 ▼ 0.06% SANTANDER BR 5.33 ▼ 0.56% AMBEV ADR 3.11 ▲ 0.49% CSN 1.06 — 0.00% GERDAU 4.81 ▲ 0.73% LATAM ADR 51.07 ▲ 2.46% BTC 63,777 ▼ 1.95% ETH 1,854 ▼ 1.24% SOL 73.82 ▼ 2.69% XRP 1.09 ▼ 1.75% BNB 557.93 ▼ 1.59% ADA 0.16 ▼ 2.63% DOGE 0.07 ▼ 0.86% AVAX 6.20 ▼ 0.99% LINK 8.31 ▼ 1.80% DOT 0.79 ▼ 2.86% LTC 46.12 ▼ 1.72% BCH 209.03 ▼ 1.44% TRX 0.33 ▲ 0.46% XLM 0.18 ▼ 3.11% HBAR 0.07 ▼ 0.73% NEAR 1.84 ▼ 2.31% ATOM 1.39 ▼ 2.26% AAVE 94.19 ▼ 0.89% SELIC 14.25% EMBRAER 83.14 ▼ 0.31% EMBRAER ADR 65.64 ▲ 0.25% JBS 12.24 ▲ 0.87% JBS BDR 61.84 ▲ 0.03% MBRF3 15.33 ▼ 1.67% MBRFY 3.00 ▼ 2.91% INTER 5.49 ▲ 0.46%
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Opinion: Brazil’s Embattled President

By · October 8, 2015 · 2 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – Last week, in a move designed to promote her desire to do something to keep the proverbial cow from meandering even further into the economical morass, President Dilma announced her “reformation” of her Cabinet. She reduced the total number of ministers reporting to her to a mere 31!

Michael Royster, aka The Curmudgeon.
Michael Royster, aka The Curmudgeon.
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Most of the changes involved PMDB getting more and PT getting less (except for Lula’s claque within PT). The changes were designed to ensure that Congress would not override her vetos of several measures in the “pauta bomba” (“Bombs Away!”) agenda which would explode any hope of austerity.

Congress, however, is so splintered that there is still no guarantee this can be done. One reason is that “lesser” parties in the coalition got no scraps thrown to them; they’re hurt and hungry and so won’t show up at sessions; no quórum, no vote.

The other reason the Chamber of Deputies won’t bring the “pauta bomba” up for a vote is that its President, Eduardo Cunha, won’t do that unless Dilma’s veto of the law permitting political contributions by corporations is also available for overriding.

No matter that the STF has already declared these contributions unconstitutional, Cunha wants a vote, and he wants even more the money he and his colleagues receive from corporations to finance their campaigns – and their friendly votes on legislation.

In the meantime, TCU is about to review Dilma’s 2014 accounts (all phonier than US$3 bills) and TSE is about to review her 2014 campaign (mostly underwritten by illegal “contributions”). Realizing that her political survival is in question, and that her bribe-like offering of ministries to PMDB may not save her from defenestration, Dilma has now gone to court (the STF) to try to stop both TCU and TSE from investigating or deciding anything.

So far, at least, STF has supported the due process of law and allowed both TCU and TSE to continue doing their jobs: oversee government accounts and elections. So far, so good.

The Curmudgeon lives in hope but still writes dismal Smidgens.

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