IBOV 174,964.10 ▼ 1.00% IPSA 10,981.64 ▲ 0.59% 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/BRL5.07▼ 0.27% USD/MXN17.47▼ 0.30% USD/CLP946.53▲ 0.07% USD/COP3,222▲ 0.20% USD/PEN3.40▲ 0.17% USD/ARS1,494▲ 0.30% USD/UYU40.14▲ 1.38% USD/PYG6,022▲ 1.26% USD/BOB11.18▲ 4.51% USD/DOP57.84▼ 0.53% 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/JMD156.98▼ 0.09% USD/TTD6.71▲ 0.92% EUR/BRL5.77▼ 0.20% 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 42.34 ▼ 1.42% VALE3 75.20 ▼ 0.63% ITUB4 42.11 ▼ 1.06% BBDC4 18.52 ▼ 1.07% ABEV3 15.71 ▼ 1.32% BBAS3 20.45 ▼ 2.29% B3SA3 15.53 ▼ 0.77% WEGE3 45.36 ▼ 0.68% PRIO3 59.09 ▼ 2.40% SUZB3 41.77 ▼ 1.56% RENT3 36.86 ▼ 0.75% AZZA3 16.79 ▼ 1.52% CSAN3 3.83 ▼ 1.79% RAIZ4 0.28 ▲ 3.70% PCAR3 2.82 ▼ 1.74% GMAT3 3.79 ▼ 2.07% PSSA3 54.87 ▼ 0.56% CVCB3 1.32 ▲ 0.76% POSI3 3.57 ▼ 2.72% SLCE3 13.74 ▼ 0.22% NATU3 8.46 ▼ 1.17% BRKM5 6.11 ▼ 0.97% RANI3 7.95 ▲ 0.25% CSNA3 5.34 ▲ 0.75% CMIN3 5.83 — 0.00% USIM5 8.41 ▼ 0.94% GGBR4 24.15 ▲ 0.37% ENEV3 24.95 ▼ 2.92% CPFE3 45.44 ▼ 1.69% CMIG4 11.05 ▼ 1.25% EQTL3 38.40 ▼ 1.59% LREN3 13.18 ▼ 1.42% VIVT3 35.43 ▲ 2.10% RAIL3 13.55 ▼ 2.94% KLABIN 17.43 ▼ 1.30% RAIA DROGASIL 17.89 ▼ 1.65% RDOR3 33.06 ▼ 1.81% HAPV3 9.97 ▼ 4.78% FLRY3 16.35 ▼ 1.39% SMTO3 15.29 ▼ 2.67% UGPA3 32.75 ▼ 1.92% VBBR3 35.26 ▼ 0.96% BBSE3 41.74 ▼ 1.56% BPAC11 55.06 ▼ 2.20% CURY3 29.57 ▼ 0.17% AERI3 2.03 ▲ 0.50% VIVARA 21.20 ▼ 1.17% COMPASS 24.78 ▼ 1.20% VAMOS 3.19 ▼ 0.62% SANB11 26.34 ▼ 1.09% ASAI3 7.83 ▼ 2.37% SBSP3 28.47 ▼ 0.97% WALMEX 47.80 ▲ 0.97% GMEXICO 210.17 ▲ 0.44% FEMSA 221.82 ▼ 0.23% CEMEX 21.26 ▼ 1.02% GFNORTE 191.06 ▲ 0.95% BIMBO 58.51 ▼ 0.96% TELEVISA 9.73 ▼ 0.61% AMX 22.85 ▲ 0.40% GAP 377.89 ▲ 0.38% ASUR 269.10 ▼ 0.27% OMA 226.27 ▼ 0.46% KOF 179.43 ▼ 0.16% GRUMA 265.49 ▼ 1.28% KIMBER 39.64 ▲ 0.94% SQM-B 66,399 ▲ 1.37% COPEC 6,320 ▲ 0.96% BSANTANDER 80.13 ▲ 0.16% FALABELLA 6,113 ▲ 0.90% ENELAM 84.67 ▼ 0.39% CENCOSUD 1,970 ▲ 0.10% CMPC 1,042 ▼ 0.85% BANCO CHILE 193.70 ▲ 1.56% LATAM AIR 24.30 ▲ 3.40% YPF 81,600 ▼ 1.06% GGAL 7,935 ▼ 0.13% PAMPA 5,530 ▼ 1.78% TXAR 676.00 ▼ 0.59% ALUAR 978.00 ▼ 0.46% TGS 9,835 ▼ 1.60% CEPU 2,404 ▼ 0.66% MIRGOR 16,500 ▼ 1.35% COME 42.75 ▲ 0.52% LOMA NEGRA 3,655 ▼ 2.92% BYMA 294.25 ▲ 0.60% TELECOM ARG 4,385 ▲ 1.39% ECOPETROL 16.11 ▼ 1.35% BANCOLOMBIA 87.01 ▲ 0.25% GRUPO AVAL 4.93 ▼ 0.20% CREDICORP 391.31 ▲ 0.95% SOUTHERN COPPER 181.25 ▼ 0.53% BUENAVENTURA 31.26 ▼ 0.19% MERCADOLIBRE 1,823 ▲ 1.34% NUBANK 14.14 ▼ 0.32% XP 16.84 ▲ 0.03% PAGSEGURO 9.33 ▼ 1.43% STONE 10.96 ▼ 0.23% GLOBANT 31.50 ▲ 2.91% TECNOGLASS 45.09 ▲ 3.08% GAP AIRPORT 216.11 ▲ 0.31% ASUR 269.10 ▼ 0.27% OMA AIRPORT 103.47 ▼ 0.64% AMX ADR 26.12 ▲ 0.66% FEMSA ADR 126.96 ▼ 0.09% CEMEX ADR 12.09 ▼ 1.43% PETROBRAS ADR 18.82 ▼ 0.97% VALE ADR 14.82 ▼ 0.10% ITAU ADR 8.31 ▼ 0.54% SANTANDER BR 5.32 ▼ 0.75% AMBEV ADR 3.09 ▼ 0.16% CSN 1.07 ▲ 0.47% GERDAU 4.79 ▲ 0.42% LATAM ADR 49.96 ▲ 0.23% BTC 63,754 ▼ 1.98% ETH 1,853 ▼ 1.28% SOL 73.81 ▼ 2.70% XRP 1.09 ▼ 1.78% BNB 558.00 ▼ 1.58% ADA 0.16 ▼ 2.63% DOGE 0.07 ▼ 0.92% AVAX 6.20 ▼ 0.99% LINK 8.31 ▼ 1.80% DOT 0.79 ▼ 2.86% LTC 46.13 ▼ 1.70% BCH 208.96 ▼ 1.48% 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 82.47 ▼ 1.12% EMBRAER ADR 65.03 ▼ 0.67% JBS 12.23 ▲ 0.82% JBS BDR 61.92 ▲ 0.16% MBRF3 15.12 ▼ 3.01% MBRFY 3.04 ▼ 1.62% INTER 5.42 ▼ 0.82% EGX 53,932 ▼ 0.11% USD/ZAR16.82▲ 0.01% USD/NGN1,363▼ 0.44% NIKKEI 64,611 ▼ 2.73% CSI300 4,649 ▼ 1.67% HSI 24,963 ▼ 0.98% NIFTY 23,767 ▼ 0.43% KOSPI 6,691 ▼ 5.72% JCI 6,196 ▼ 1.88% USD/JPY 163.77 — 0.00% USD/CNY6.76▼ 0.16% DAX 24,984 ▲ 0.89% CAC 8,337 ▲ 0.45% FTSE 10,709 ▲ 0.65% MIB 51,608 ▲ 0.57% IBEX 19,509 ▲ 1.26% STOXX 642.04 ▲ 0.43% EUR/USD1.14▼ 0.02% GBP/USD1.33▼ 0.37% SPX 7,411 ▲ 0.04% DJI 51,816 ▲ 0.20% NDX 28,239 ▼ 0.76% RUT 2,934 ▼ 0.20% TSX 35,316 ▲ 0.35% VIX 18.64 ▼ 0.32% USD/CAD1.41▲ 0.04% US10Y 4.6670 ▼ 0.77% IBOV 174,964.10 ▼ 1.00% IPSA 10,981.64 ▲ 0.59% 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 5.07 ▼ 0.27% USD/MXN 17.47 ▼ 0.30% USD/CLP 946.53 ▲ 0.07% USD/COP 3,222 ▲ 0.20% USD/PEN 3.40 ▲ 0.18% USD/ARS 1,494 ▲ 0.30% USD/UYU 40.14 ▲ 1.38% USD/PYG 6,022 ▲ 1.26% USD/BOB 11.18 ▲ 4.51% USD/DOP 57.84 ▼ 0.53% 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 5.77 ▼ 0.20% 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 42.34 ▼ 1.42% VALE3 75.20 ▼ 0.63% ITUB4 42.11 ▼ 1.06% BBDC4 18.52 ▼ 1.07% ABEV3 15.71 ▼ 1.32% BBAS3 20.45 ▼ 2.29% B3SA3 15.53 ▼ 0.77% WEGE3 45.36 ▼ 0.68% PRIO3 59.09 ▼ 2.40% SUZB3 41.77 ▼ 1.56% RENT3 36.86 ▼ 0.75% AZZA3 16.79 ▼ 1.52% CSAN3 3.83 ▼ 1.79% RAIZ4 0.28 ▲ 3.70% PCAR3 2.82 ▼ 1.74% GMAT3 3.79 ▼ 2.07% PSSA3 54.87 ▼ 0.56% CVCB3 1.32 ▲ 0.76% POSI3 3.57 ▼ 2.72% SLCE3 13.74 ▼ 0.22% NATU3 8.46 ▼ 1.17% BRKM5 6.11 ▼ 0.97% RANI3 7.95 ▲ 0.25% CSNA3 5.34 ▲ 0.75% CMIN3 5.83 — 0.00% USIM5 8.41 ▼ 0.94% GGBR4 24.15 ▲ 0.37% ENEV3 24.95 ▼ 2.92% CPFE3 45.44 ▼ 1.69% CMIG4 11.05 ▼ 1.25% EQTL3 38.40 ▼ 1.59% LREN3 13.18 ▼ 1.42% VIVT3 35.43 ▲ 2.10% RAIL3 13.55 ▼ 2.94% KLABIN 17.43 ▼ 1.30% RAIA DROGASIL 17.89 ▼ 1.65% RDOR3 33.06 ▼ 1.81% HAPV3 9.97 ▼ 4.78% FLRY3 16.35 ▼ 1.39% SMTO3 15.29 ▼ 2.67% UGPA3 32.75 ▼ 1.92% VBBR3 35.26 ▼ 0.96% BBSE3 41.74 ▼ 1.56% BPAC11 55.06 ▼ 2.20% CURY3 29.57 ▼ 0.17% AERI3 2.03 ▲ 0.50% VIVARA 21.20 ▼ 1.17% COMPASS 24.78 ▼ 1.20% VAMOS 3.19 ▼ 0.62% SANB11 26.34 ▼ 1.09% ASAI3 7.83 ▼ 2.37% SBSP3 28.47 ▼ 0.97% WALMEX 47.80 ▲ 0.97% GMEXICO 210.17 ▲ 0.44% FEMSA 221.82 ▼ 0.23% CEMEX 21.26 ▼ 1.02% GFNORTE 191.06 ▲ 0.95% BIMBO 58.51 ▼ 0.96% TELEVISA 9.73 ▼ 0.61% AMX 22.85 ▲ 0.40% GAP 377.89 ▲ 0.38% ASUR 269.10 ▼ 0.27% OMA 226.27 ▼ 0.46% KOF 179.43 ▼ 0.16% GRUMA 265.49 ▼ 1.28% KIMBER 39.64 ▲ 0.94% SQM-B 66,399 ▲ 1.37% COPEC 6,320 ▲ 0.96% BSANTANDER 80.13 ▲ 0.16% FALABELLA 6,113 ▲ 0.90% ENELAM 84.67 ▼ 0.39% CENCOSUD 1,970 ▲ 0.10% CMPC 1,042 ▼ 0.85% BANCO CHILE 193.70 ▲ 1.56% LATAM AIR 24.30 ▲ 3.40% YPF 81,600 ▼ 1.06% GGAL 7,935 ▼ 0.13% PAMPA 5,530 ▼ 1.78% TXAR 676.00 ▼ 0.59% ALUAR 978.00 ▼ 0.46% TGS 9,835 ▼ 1.60% CEPU 2,404 ▼ 0.66% MIRGOR 16,500 ▼ 1.35% COME 42.75 ▲ 0.52% LOMA NEGRA 3,655 ▼ 2.92% BYMA 294.25 ▲ 0.60% TELECOM ARG 4,385 ▲ 1.39% ECOPETROL 16.11 ▼ 1.35% BANCOLOMBIA 87.01 ▲ 0.25% GRUPO AVAL 4.93 ▼ 0.20% CREDICORP 391.31 ▲ 0.95% SOUTHERN COPPER 181.25 ▼ 0.53% BUENAVENTURA 31.26 ▼ 0.19% MERCADOLIBRE 1,823 ▲ 1.34% NUBANK 14.14 ▼ 0.32% XP 16.84 ▲ 0.03% PAGSEGURO 9.33 ▼ 1.43% STONE 10.96 ▼ 0.23% GLOBANT 31.50 ▲ 2.91% TECNOGLASS 45.09 ▲ 3.08% GAP AIRPORT 216.11 ▲ 0.31% ASUR 269.10 ▼ 0.27% OMA AIRPORT 103.47 ▼ 0.64% AMX ADR 26.12 ▲ 0.66% FEMSA ADR 126.96 ▼ 0.09% CEMEX ADR 12.09 ▼ 1.43% PETROBRAS ADR 18.82 ▼ 0.97% VALE ADR 14.82 ▼ 0.10% ITAU ADR 8.31 ▼ 0.54% SANTANDER BR 5.32 ▼ 0.75% AMBEV ADR 3.09 ▼ 0.16% CSN 1.07 ▲ 0.47% GERDAU 4.79 ▲ 0.42% LATAM ADR 49.96 ▲ 0.23% BTC 63,754 ▼ 1.98% ETH 1,853 ▼ 1.28% SOL 73.81 ▼ 2.70% XRP 1.09 ▼ 1.78% BNB 558.00 ▼ 1.58% ADA 0.16 ▼ 2.63% DOGE 0.07 ▼ 0.92% AVAX 6.20 ▼ 0.99% LINK 8.31 ▼ 1.80% DOT 0.79 ▼ 2.86% LTC 46.13 ▼ 1.70% BCH 208.96 ▼ 1.48% 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 82.47 ▼ 1.12% EMBRAER ADR 65.03 ▼ 0.67% JBS 12.23 ▲ 0.82% JBS BDR 61.92 ▲ 0.16% MBRF3 15.12 ▼ 3.01% MBRFY 3.04 ▼ 1.62% INTER 5.42 ▼ 0.82% EGX 53,932 ▼ 0.11% USD/ZAR 16.83 ▲ 0.10% USD/NGN 1,363 ▼ 0.24% NIKKEI 64,611 ▼ 2.73% CSI300 4,649 ▼ 1.67% HSI 24,963 ▼ 0.98% NIFTY 23,767 ▼ 0.43% KOSPI 6,691 ▼ 5.72% JCI 6,196 ▼ 1.88% USD/JPY 163.77 — 0.00% USD/CNY 6.7616 ▼ 0.08% DAX 24,984 ▲ 0.89% CAC 8,337 ▲ 0.45% FTSE 10,709 ▲ 0.65% MIB 51,608 ▲ 0.57% IBEX 19,509 ▲ 1.26% STOXX 642.04 ▲ 0.43% EUR/USD 1.1380 ▼ 0.02% GBP/USD 1.3329 ▲ 0.10% SPX 7,411 ▲ 0.04% DJI 51,816 ▲ 0.20% NDX 28,239 ▼ 0.76% RUT 2,934 ▼ 0.20% TSX 35,316 ▲ 0.35% VIX 18.64 ▼ 0.32% USD/CAD 1.4093 ▲ 0.09% US10Y 4.6670 ▼ 0.77%
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Opinion: Rio’s Beleaguered Military Police

By · November 3, 2017 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – Last week’s first (figurative) news bomb was the fatal shooting of a Spanish tourist who was about to exit Rocinha, Rio’s largest favela. The tourist was in a vehicle driven by a tour guide, which (according to the police) disobeyed an order to stop.

Michael Royster, aka The Curmudgeon.
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Two PM’s, as members of Brazil’s Military Police are known, then opened fire on the vehicle, killing an innocent passenger.

The above event, however, was completely overshadowed by the Mother Of All Bombs, dropped by Federal Justice Minister Torquato Jardim, who declared that the commanding officers of Rio’s PM were “partners in organized crime”, using as an example the recent gangland-style execution of an PM battalion commander.

This declaration astonished all local Rio politicians, from the Governor right on down through state and municipal legislators. Why? Because the PM are entirely civilian — NOT military — organizations, and PM commanders are (theoretically) controlled by the state governor and his Secretary of Public Safety.

The appointment of commanders of local PM battalions, squadrons, divisions, sections, etc. has long been a prime political plum. State and local deputies, councilmembers and other politicians joust with each other over who gets appointed to what; allegedly, even federal congress members get involved.

The Governor of the (failed) State of Rio is a staunch ally of the Temer administration; the current and past presidents of the federal Chamber of Deputies are both long-serving Rio de Janeiro congressmen. All are PMDB, the party with no principles but many interests.

So, how could the Justice Minister detonate this bomb? What does he know that we don’t?

Everybody in Rio has long known the PM are corrupt, and generally inept. PM are underpaid and are relatively easy prey for criminal gangs to pressure in the communities where they live.

Everybody in Rio has long known that the “militias” who run those favelas not controlled by the drug-based organized crime are former members of the Polícia Militar, the military services or prison guards.

Everybody in Rio has long known that, although originally thought to be a form of combating the drug lords, the militias are now identical to the gangs — offering “protection” while demanding rake-offs from local businesses, not to mention making deals with organized crime, dividing up the favelas among themselves rather than fighting over territories.

Recently, when the armed forces and PM conducted mammoth search operations in favelas, designed to haul in weapons and bandidos, almost nothing was found. The only logical reason for this abject failure was that the bad guys had been tipped off by someone in the PM.

Rio’s PM commanders have long known who the drug lords are, and who the militia leaders are, and where they are located; all too often, they protect their own. What Justice Minister Jardim clearly knows, using federal military intelligence sources, is the names of the crooked cops at the top.

The states of Acre and Espírito Santo were in similar situations some years ago, and federal task forces intervened in both states, forcing out the crooked cops and their crooked political cronies. In the Curmudgeon’s opinion, that is what is needed in Rio de Janeiro.

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