Brazil Credit Rating Not Downgraded but Outlook Negative

Brazil Credit Rating Not Downgraded but Outlook Negative

By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Against widespread expectations from financial experts, rating agency Standard & Poor’s has decided not to downgrade Brazil’s credit rating yet. The country’s current rating status of BBB- is still within investment grade and will be maintained, while the agency changed the outlook to negative. […]

Brazil Temporarily Introduces Reduced Work Hours and Salaries

Brazil Temporarily Introduces Reduced Work Hours and Salaries

By Lisa Flueckiger, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s President Dilma Rousseff has signed a temporary measure allowing companies to reduce working hours and employees’ salaries in order to avoid layoffs. Through the Programa de Proteção ao Emprego (Program to Protect Employment) companies in dire financial situations in designated sectors can reduce […]

Brazil’s President Rousseff Ensures Security for Rio 2016 Olympics

Brazil’s President Rousseff Ensures Security for Rio 2016 Olympics

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – After returning from her first official visit to the U.S., Brazil’s president Dilma Rousseff attended the Olympic Torch presentation ceremony yesterday (July 3rd) in Brasília and spoke about security for the Games. She ensured that Brazil will provide adequate security for the 2016 Olympics being […]

Brazil’s Rousseff In Mexico To Sign Trade Agreements

Brazil’s Rousseff In Mexico To Sign Trade Agreements

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s President Dilma Rousseff starts her official visit to Mexico on Tuesday, May 26th, with the objective of strengthening commercial bilateral relations between the two nations, as Brazil and Mexico together make up more than half of the production, population and territory of Latin America. […]

Although Smaller, Nationwide Protests Continue in Brazil

Although Smaller, Nationwide Protests Continue in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – An ocean of yellow and green shirts swept through Avenida Paulista, one of São Paulo’s most famous avenues on Sunday, April 12th, calling for change and protesting against corruption and the Rousseff administration. The scene was repeated in hundreds of cities across Brazil, and although […]

Traffic in Centro Changes Again with New Rio 450 Tunnel

Traffic in Centro Changes Again with New Rio 450 Tunnel

By Lisa Flueckiger, Contributing Reporter RIO DE JANEIRO, BRAZIL – The latest piece of infrastructure in the project to replace the Perimetral highway in Rio’s Centro and Port Zone, the Rio 450 tunnel has been inaugurated on Sunday March 1st, the city’s 450th birthday. With the tunnel, traffic in Centro changes again considerably. The 1,480 […]

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 […]

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