Opinion: Brazil and the Laws of No Responsibility

Opinion: Brazil and the Laws of No Responsibility

Opinion, by Simon Thomas RIO DE JANEIRO, BRAZIL – Brazil is chock full of laws, rules, and regulations (LR&Rs). This is a country that in 2018 should pass the one million lawyers mark. That’s a lot of heads to take your feet off to save from drowning, as the joke goes. But no, really, we […]

Sports Minister in Brazil Resigns Months Before the Olympics

Sports Minister in Brazil Resigns Months Before the Olympics

By Georgia Grimond, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – The resignation of sports minister, George Hilton, was announced in a statement by Brazil’s presidency late on Wednesday evening (March 30th). Ricardo Leyser, a senior official in the ministry, was named as his successor on an interim basis. Rumors of Hilton’s resignation surfaced last […]

Brazil’s Bar Association Presents Impeachment Request

Brazil’s Bar Association Presents Impeachment Request

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – President Dilma Rousseff of Brazil was dealt a new blow in her attempt to remain in the presidency with yet another request for her impeachment, this time from Brazil’s Bar Association (OAB). On Monday (March 28th), as OAB president Claudio Lamachia presented the request, groups […]

Poll Shows 68 Percent in Brazil Support Rousseff Impeachment

Poll Shows 68 Percent in Brazil Support Rousseff Impeachment

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A survey on the Rousseff Administration shows that 68 percent of Brazilians support the impeachment of Brazil’s President while 65 percent think President Rousseff should resign. The survey, conducted by polling company Datafolha, shows deterioration in the public’s perception of the government from the previous […]

Brazil’s Real Appreciates to 7-Month High to R$3.52/US$1

Brazil’s Real Appreciates to 7-Month High to R$3.52/US$1

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The political turmoil faced by Brazil in the past week has led the foreign exchange rate to fluctuate significantly, with the U.S. dollar falling to its lowest rate in relation to the Brazilian real in seven months. The U.S. dollar closed on Friday, March 18th […]

Brazil’s Lula Said to Accept Cabinet Post Amidst Scandal

Brazil’s Lula Said to Accept Cabinet Post Amidst Scandal

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Media, politicians and economists in Brazil remained at a standstill Wednesday morning, waiting for the announcement of whether or not former President, Luiz Inacio Lula da Silva would be invited to take part in the Rousseff Administration. At the end of the morning, O Globo […]

Millions Gather to Protest in Brazil Against Government

Millions Gather to Protest in Brazil Against Government

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Wearing yellow and green, the color of Brazil’s flag, millions of Brazilians took to the streets on Sunday to protest corruption and demand President Rousseff step down. According to officials more than 3.6 million people attended the demonstrations in more than 300 cities throughout the […]

Moody’s Downgrades Brazilian Sovereign Credit to Junk

Moody’s Downgrades Brazilian Sovereign Credit to Junk

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The economic scenario in Brazil deteriorated on Wednesday as Moody’s downgraded the country’s sovereign risk to junk status and changed the country’s outlook to negative. Moody’s was the last of the three large risk-rating agencies to lower Brazil’s credit ratings. “[Brazil’s] deterioration is expected to […]

Transparency International Cuts Brazil’s Ranking Due to Petrobras

Transparency International Cuts Brazil’s Ranking Due to Petrobras

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Transparency International’s Corruption Perception Index 2015 raised Brazil seven positions, going to number 76 out of 168 countries surveyed. The country is the biggest index loser in the Americas, according to the global watchdog, due mainly to the Petrobras corruption scandal. “Dealing with many entrenched […]

Rousseff to Meet with Cabinet, Governors Before New Year

Rousseff to Meet with Cabinet, Governors Before New Year

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After spending Christmas with family in the Southern region of the country, Brazilian President Dilma Rousseff is expected to start the last week of the year calling cabinet members for a meeting to discuss the country’s economic and political situation. On the agenda are the […]

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