Opinion: Fisiologismo 101, a Smidgen

Opinion: Fisiologismo 101, a Smidgen

Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – When you look up this word in Portuguese, you get a short description. If you put it into Wikipedia, but the English language version, the same description is entitled “cronyism”. Both terms mean, essentially, passing out relatively important governmental positions to your political buddies, regardless of […]

Opinion: Impunity 102, a Smidgen

Opinion: Impunity 102, a Smidgen

Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – Under long-standing Brazilian administrative law, all companies whose executives have been convicted of corruption of government officials must be declared “inidôneo” (literally “disreputable”) and excluded from performing or bidding on government contracts. President Dilma has publicly advocated NOT applying the bidding and contract exclusion to the […]

Brazil’s Rousseff Urges Cabinet to Reduce Spending

Brazil’s Rousseff Urges Cabinet to Reduce Spending

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s President, Dilma Rousseff, asked cabinet ministers to maintain strict control over government spending and combat corruption, during a meeting with her new cabinet members on Tuesday, January 27th. This is Rousseff’s first cabinet meeting since she started her second term in office, on January […]

President Rousseff Announces More Cabinet Members in Brazil

President Rousseff Announces More Cabinet Members in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian President Dilma Rousseff announced on Monday, December 29th, seven more new cabinet members who will help her during her second term in office. Among the nominations announced yesterday are Transport Minister Antonio Carlos Rodrigues, Agrarian Development Minister Patrus Ananias and Social Security Minister Carlos […]

President Rousseff Announces Cabinet For Second Term

President Rousseff Announces Cabinet For Second Term

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – President Dilma Rousseff of Brazil announced on Tuesday, December 23rd, thirteen new cabinet members for her second term, which begins on January 1st. In November Rousseff had already named her economic team, and the President is expected to release the name of the other cabinet […]

Mercosur Partners Discuss Entry of Bolivia in Bloc

Mercosur Partners Discuss Entry of Bolivia in Bloc

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The 47th Mercosur Summit (Common Market of the South) starts on Wednesday, December 17th, with leaders of Brazil, Argentina, Paraguay, Uruguay and Venezuela discussing among other things the entry of Bolivia as the newest member of the group. The governments of Brazil, Venezuela, Uruguay and […]

Decisive Week in Brazil for Top Petrobras Executives

Decisive Week in Brazil for Top Petrobras Executives

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – This will be a decisive week for top executives at Brazil’s oil giant Petrobras, say analysts, as additional reports reveal that directors and even the company’s president, Maria das Graças Foster, have known for years that some of the company’s key directors were receiving bribes. […]

Defeated Candidate Aecio Neves Reclaims Senate Seat

Defeated Candidate Aecio Neves Reclaims Senate Seat

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Defeated presidential candidate Aecio Neves of the PSDB (Social Democracy Party) returned to Congress on Tuesday to reclaim his senator’s seat, pledging to be a strong opposition force in the Senate and demand that President Dilma Rousseff keep her campaign promises. “I will lead a […]

Major Policy Shifts in Next Rousseff Term Unlikely

Major Policy Shifts in Next Rousseff Term Unlikely

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – President Dilma Rousseff’s narrow victory in last Sunday’s presidential elections has reduced the hopes of economic analysts that in the next four years the government will produce the economic policy reforms Brazil needs to restore investor confidence and resume economic growth. “Growth in Ms. Rousseff’s […]

Brazil’s Central Bank Increases Interest Rate

Brazil’s Central Bank Increases Interest Rate

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In a surprising move Brazil’s Central Bank (CB) Copom (Monetary Policy Committee) increased the Selic (benchmark interest rate) by 25 basis points to 11.25 percent on Wednesday afternoon, taking the rate to its highest level since November 2011. The last time the Copom increased the […]

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