Opinion: The Curmudgeon on “A Billion Here, a Billion There…”

Opinion: The Curmudgeon on “A Billion Here, a Billion There…”

Opinion, By Michael Royster RIO DE JANEIRO, BRAZIL – The Curmudgeon quotes former [U.S.] Senator Everett Dirksen (R-Ill): “A billion here, a billion there; pretty soon, you’re talking real money.” And again: “A billion here, a billion there, a billion somewhere else, three to five billion for public works. You haven’t got any budget balance […]

Brazil Petroleum Deficit of R$6 Billion in 2014

Brazil Petroleum Deficit of R$6 Billion in 2014

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – The petroleum sector trade balance in Brazil registered a deficit of R$6.059 billion during the period from January to April of 2014, according to the nation’s Ministry of Development, Industry and Foreign Trade (MDIC). The result, however, is better than that registered during the same period […]

Brazil’s Petrobras to Slash 8,298 Jobs: Daily

Brazil’s Petrobras to Slash 8,298 Jobs: Daily

By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobras has announced that it will release 8,298 employees – or 12.4 percent of its staff – as part of a voluntary redundancy program. The initiative will save at least R$13 billion by 2018, the state-controlled oil firm said in a statement. In that release […]

President Rousseff Announces Welfare Reform: Daily

President Rousseff Announces Welfare Reform: Daily

By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – President Dilma Rousseff has declared that there will be changes to the ‘Bolsa Familia’ program which will include higher payments, tax breaks for the worse off and an increase in the national minimum wage to match inflation. The promises of amendments to the social welfare […]

Rousseff: Petrobras Saved Shipbuilding: Daily

Rousseff: Petrobras Saved Shipbuilding: Daily

By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – President Dilma Rousseff has said that the shipbuilding industry is expected to reach the milestone of hiring 100,000 workers in 2017. Speaking on her radio program “Coffee with the President” the Brazilian President said that the industry is “strong” and the country has Petrobras to […]

Rousseff Labels Petrobras CPI a Political Dispute

Rousseff Labels Petrobras CPI a Political Dispute

By Maria Lopez Conde, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian President Dilma Rouseff deemed the opposition’s efforts to establish a Parliamentary Commission of Inquiry (CPI) into alleged irregularities at state-controlled Petrobras a “political dispute” this Monday, April 7th. At a speech in Minas Gerais, Rousseff discarded the claims that she approved of the […]

Chevron Facing Revived Charges Over 2011 Brazil Oil Leak

Chevron Facing Revived Charges Over 2011 Brazil Oil Leak

By Eduardo Pagnoncelli, Contributing Reporter RIO DE JANEIRO, BRAZIL – Chevron Corporation confirmed on Friday that a Brazilian appeals court has reinstated criminal charges against the energy giant and eleven of its employees, originating from a 2011 offshore oil spill near Rio de Janeiro, that also led to a reported R$95 million civil settlement by […]

Opinion: The Curmudgeon on “Straining out Gnats”

Opinion: The Curmudgeon on “Straining out Gnats”

Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – The Curmudgeon quotes Matthew 23:23-24: “Woe to you, scribes and Pharisees, hypocrites! [Y]ou have overlooked … justice, mercy and good faith. Blind guides! You strain out a gnat, yet swallow a camel!” The Curmudgeon has long believed that today’s Brazilian Congress is almost entirely composed of […]

Rousseff Involved in Petrobras Case: Daily

Rousseff Involved in Petrobras Case: Daily

By William Jones, Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s federal government has organized a strategy to shield President Dilma Rousseff from her involvement in the 2006 approval of the allegedly fraudulent purchase of half of an American refinery by state-controlled Petrobras when she headed the oil giant. The Palácio do Planalto – the […]

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