IBOV 177,261.94 ▼ 0.41% IPSA 10,986.47 ▼ 0.28% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,378.30 — — USD/BRL5.09▲ 0.24% USD/MXN17.34▲ 0.16% USD/CLP925.31▼ 0.62% USD/COP3,240▲ 1.16% USD/PEN3.38▼ 0.27% USD/ARS1,492▲ 0.44% USD/UYU40.27▲ 0.17% USD/PYG5,936▲ 0.08% USD/BOB12.07▼ 0.25% USD/DOP58.00▲ 0.02% USD/CRC448.42— 0.00% USD/GTQ7.62▼ 0.08% USD/HNL26.78▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES746.91▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.13% USD/TTD6.74▲ 0.40% EUR/BRL5.85▼ 0.17% BRENT 83.60 ▼ 7.23% WTI 79.97 ▼ 5.55% IRON ORE 161.91 — — COPPER 6.53 ▲ 1.42% GOLD 4,091 ▲ 1.03% SILVER 57.85 ▲ 0.44% SOY 1,193 ▲ 1.79% CORN 471.50 ▲ 6.98% WHEAT 652.75 ▲ 2.11% COFFEE 320.65 ▼ 3.45% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 157.95 ▲ 1.94% COTTON 81.39 ▲ 1.11% COCOA 5,914 ▲ 9.58% BEEF 227.35 ▼ 1.90% CATTLE 343.48 ▼ 1.31% LITHIUM 69.08 ▼ 0.20% PETR4 42.78 ▼ 1.47% VALE3 74.38 ▼ 2.49% ITUB4 42.98 ▲ 0.25% BBDC4 18.51 ▲ 0.54% ABEV3 15.87 ▼ 0.75% BBAS3 21.21 ▼ 0.66% B3SA3 15.64 ▼ 0.57% WEGE3 48.04 ▲ 1.78% PRIO3 58.64 ▼ 3.63% SUZB3 43.35 ▲ 0.07% RENT3 38.12 ▲ 1.36% AZZA3 16.20 ▼ 1.34% CSAN3 4.09 ▲ 0.49% RAIZ4 0.26 — 0.00% PCAR3 2.68 ▲ 3.47% GMAT3 4.00 ▼ 0.74% PSSA3 54.42 ▼ 0.51% CVCB3 1.43 ▲ 9.16% POSI3 3.57 ▲ 0.56% SLCE3 13.43 ▲ 0.37% NATU3 8.48 ▲ 1.19% BRKM5 5.89 ▼ 1.34% RANI3 8.39 ▲ 3.45% CSNA3 4.52 ▼ 6.61% CMIN3 5.65 ▼ 1.05% USIM5 7.52 ▲ 2.17% GGBR4 25.27 ▲ 1.16% ENEV3 26.88 ▲ 2.17% CPFE3 45.80 ▼ 0.74% CMIG4 11.13 ▼ 1.85% EQTL3 38.78 ▲ 0.31% LREN3 13.93 ▲ 2.43% VIVT3 32.34 ▼ 0.89% RAIL3 14.18 ▼ 1.80% KLABIN 18.28 ▲ 0.16% RAIA DROGASIL 18.64 ▲ 0.87% RDOR3 34.17 ▼ 1.36% HAPV3 11.77 ▲ 4.34% FLRY3 17.29 ▲ 0.88% SMTO3 14.44 ▼ 0.55% UGPA3 32.90 ▼ 0.45% VBBR3 36.18 ▲ 0.36% BBSE3 41.52 ▲ 0.63% BPAC11 57.07 ▲ 0.48% CURY3 31.44 ▲ 4.49% AERI3 2.17 ▲ 0.93% VIVARA 22.81 ▲ 2.84% COMPASS 24.89 ▲ 0.20% VAMOS 3.31 ▼ 0.90% SANB11 28.66 ▲ 0.14% ASAI3 8.50 — 0.00% SBSP3 27.27 ▼ 1.55% WALMEX 49.95 ▼ 0.60% GMEXICO 212.74 ▲ 2.42% FEMSA 217.08 ▼ 1.97% CEMEX 20.71 ▲ 0.98% GFNORTE 198.16 ▼ 1.21% BIMBO 61.50 ▼ 0.74% TELEVISA 9.68 ▼ 1.33% AMX 21.61 ▼ 2.08% GAP 374.22 ▼ 0.61% ASUR 277.53 ▲ 0.69% OMA 231.63 ▲ 0.13% KOF 185.75 ▼ 0.81% GRUMA 263.42 ▲ 2.01% KIMBER 40.10 ▼ 0.25% SQM-B 62,000 ▼ 1.12% COPEC 6,298 ▼ 0.82% BSANTANDER 79.99 ▼ 1.23% FALABELLA 6,270 ▲ 0.88% ENELAM 87.79 ▼ 0.23% CENCOSUD 1,947 ▼ 0.40% CMPC 1,067 ▲ 1.11% BANCO CHILE 190.71 ▼ 1.55% LATAM AIR 25.26 ▲ 2.10% YPF 8,150 ▼ 1.69% GGAL 7,950 ▲ 0.87% PAMPA 5,495 ▼ 1.08% TXAR 656.00 ▼ 0.53% ALUAR 968.50 ▼ 0.92% TGS 9,955 ▼ 0.95% CEPU 2,370 ▼ 1.09% MIRGOR 1,710 ▼ 89.54% COME 43.49 ▼ 1.23% LOMA NEGRA 3,568 ▼ 1.45% BYMA 293.75 ▼ 0.59% TELECOM ARG 4,380 ▼ 0.62% ECOPETROL 16.56 ▼ 1.28% BANCOLOMBIA 91.16 ▼ 1.48% GRUPO AVAL 5.17 ▼ 2.08% CREDICORP 396.56 ▼ 1.00% SOUTHERN COPPER 184.60 ▲ 1.03% BUENAVENTURA 30.20 ▼ 0.26% MERCADOLIBRE 1,902 ▲ 1.27% NUBANK 14.43 ▲ 0.70% XP 17.02 ▼ 0.26% PAGSEGURO 9.65 ▲ 0.05% STONE 11.27 ▼ 0.97% GLOBANT 37.44 ▲ 2.28% TECNOGLASS 45.64 ▲ 5.06% GAP 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0.28% USD/CNY6.74▼ 0.12% DAX 26,001 ▲ 1.45% CAC 8,614 ▲ 1.22% FTSE 10,858 ▼ 0.10% MIB 52,872 ▲ 1.34% IBEX 19,983 ▲ 1.01% STOXX 652.09 ▲ 0.45% EUR/USD1.15▼ 0.33% GBP/USD1.34▼ 0.47% SPX 7,595 ▲ 1.41% DJI 52,986 ▲ 0.95% NDX 28,765 ▲ 1.74% RUT 2,973 ▲ 1.42% TSX 35,226 ▼ 0.79% VIX 15.56 ▼ 2.69% USD/CAD1.40▲ 0.25% US10Y 4.6900 ▼ 1.16% IBOV 177,261.94 ▼ 0.41% IPSA 10,986.47 ▼ 0.28% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,273,672 ▼ 0.54% COLCAP 2,382.96 ▼ 0.38% BVL PERÚ 57,378.30 — — USD/BRL 5.09 ▲ 0.24% USD/MXN 17.34 ▲ 0.16% USD/CLP 925.31 ▼ 0.62% USD/COP 3,240 ▲ 1.16% USD/PEN 3.38 ▼ 0.27% USD/ARS 1,492 ▲ 0.44% USD/UYU 40.27 ▲ 0.17% USD/PYG 5,936 ▲ 0.08% USD/BOB 12.07 ▼ 0.25% USD/DOP 58.00 ▲ 0.02% USD/CRC 448.42 ▲ 0.00% USD/GTQ 7.62 ▼ 0.08% USD/HNL 26.78 ▲ 0.07% USD/NIO 36.62 — 0.00% USD/VES 746.91 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.24% USD/TTD 6.74 ▲ 1.26% EUR/BRL 5.85 ▼ 0.17% BRENT 83.60 ▼ 7.23% WTI 79.97 ▼ 5.55% IRON ORE 161.91 — — COPPER 6.53 ▲ 1.42% GOLD 4,091 ▲ 1.03% SILVER 57.85 ▲ 0.44% SOY 1,193 ▲ 1.79% CORN 471.50 ▲ 6.98% WHEAT 652.75 ▲ 2.11% COFFEE 320.65 ▼ 3.45% SUGAR 15.01 ▲ 2.39% ORANGE JUICE 157.95 ▲ 1.94% COTTON 81.39 ▲ 1.11% COCOA 5,914 ▲ 9.58% BEEF 227.35 ▼ 1.90% CATTLE 343.48 ▼ 1.31% LITHIUM 69.08 ▼ 0.20% PETR4 42.78 ▼ 1.47% VALE3 74.38 ▼ 2.49% ITUB4 42.98 ▲ 0.25% BBDC4 18.51 ▲ 0.54% ABEV3 15.87 ▼ 0.75% BBAS3 21.21 ▼ 0.66% B3SA3 15.64 ▼ 0.57% WEGE3 48.04 ▲ 1.78% PRIO3 58.64 ▼ 3.63% SUZB3 43.35 ▲ 0.07% RENT3 38.12 ▲ 1.36% AZZA3 16.20 ▼ 1.34% CSAN3 4.09 ▲ 0.49% RAIZ4 0.26 — 0.00% PCAR3 2.68 ▲ 3.47% GMAT3 4.00 ▼ 0.74% PSSA3 54.42 ▼ 0.51% CVCB3 1.43 ▲ 9.16% POSI3 3.57 ▲ 0.56% SLCE3 13.43 ▲ 0.37% NATU3 8.48 ▲ 1.19% BRKM5 5.89 ▼ 1.34% RANI3 8.39 ▲ 3.45% CSNA3 4.52 ▼ 6.61% CMIN3 5.65 ▼ 1.05% USIM5 7.52 ▲ 2.17% GGBR4 25.27 ▲ 1.16% ENEV3 26.88 ▲ 2.17% CPFE3 45.80 ▼ 0.74% CMIG4 11.13 ▼ 1.85% EQTL3 38.78 ▲ 0.31% LREN3 13.93 ▲ 2.43% VIVT3 32.34 ▼ 0.89% RAIL3 14.18 ▼ 1.80% KLABIN 18.28 ▲ 0.16% RAIA DROGASIL 18.64 ▲ 0.87% RDOR3 34.17 ▼ 1.36% HAPV3 11.77 ▲ 4.34% FLRY3 17.29 ▲ 0.88% SMTO3 14.44 ▼ 0.55% UGPA3 32.90 ▼ 0.45% VBBR3 36.18 ▲ 0.36% BBSE3 41.52 ▲ 0.63% BPAC11 57.07 ▲ 0.48% CURY3 31.44 ▲ 4.49% AERI3 2.17 ▲ 0.93% VIVARA 22.81 ▲ 2.84% COMPASS 24.89 ▲ 0.20% VAMOS 3.31 ▼ 0.90% SANB11 28.66 ▲ 0.14% ASAI3 8.50 — 0.00% SBSP3 27.27 ▼ 1.55% WALMEX 49.95 ▼ 0.60% GMEXICO 212.74 ▲ 2.42% FEMSA 217.08 ▼ 1.97% CEMEX 20.71 ▲ 0.98% GFNORTE 198.16 ▼ 1.21% BIMBO 61.50 ▼ 0.74% TELEVISA 9.68 ▼ 1.33% AMX 21.61 ▼ 2.08% GAP 374.22 ▼ 0.61% ASUR 277.53 ▲ 0.69% OMA 231.63 ▲ 0.13% KOF 185.75 ▼ 0.81% GRUMA 263.42 ▲ 2.01% KIMBER 40.10 ▼ 0.25% SQM-B 62,000 ▼ 1.12% COPEC 6,298 ▼ 0.82% BSANTANDER 79.99 ▼ 1.23% FALABELLA 6,270 ▲ 0.88% ENELAM 87.79 ▼ 0.23% CENCOSUD 1,947 ▼ 0.40% CMPC 1,067 ▲ 1.11% BANCO CHILE 190.71 ▼ 1.55% LATAM AIR 25.26 ▲ 2.10% YPF 8,150 ▼ 1.69% GGAL 7,950 ▲ 0.87% PAMPA 5,495 ▼ 1.08% TXAR 656.00 ▼ 0.53% ALUAR 968.50 ▼ 0.92% TGS 9,955 ▼ 0.95% CEPU 2,370 ▼ 1.09% MIRGOR 1,710 ▼ 89.54% COME 43.49 ▼ 1.23% LOMA NEGRA 3,568 ▼ 1.45% BYMA 293.75 ▼ 0.59% TELECOM ARG 4,380 ▼ 0.62% ECOPETROL 16.56 ▼ 1.28% BANCOLOMBIA 91.16 ▼ 1.48% GRUPO AVAL 5.17 ▼ 2.08% CREDICORP 396.56 ▼ 1.00% SOUTHERN COPPER 184.60 ▲ 1.03% BUENAVENTURA 30.20 ▼ 0.26% MERCADOLIBRE 1,902 ▲ 1.27% NUBANK 14.43 ▲ 0.70% XP 17.02 ▼ 0.26% PAGSEGURO 9.65 ▲ 0.05% STONE 11.27 ▼ 0.97% GLOBANT 37.44 ▲ 2.28% TECNOGLASS 45.64 ▲ 5.06% GAP AIRPORT 215.82 ▼ 0.70% ASUR 277.53 ▲ 0.69% OMA AIRPORT 106.84 ▼ 0.06% AMX ADR 24.87 ▼ 1.89% FEMSA ADR 125.08 ▼ 2.27% CEMEX ADR 11.90 ▲ 0.63% PETROBRAS ADR 19.02 ▼ 1.96% VALE ADR 14.57 ▼ 3.29% ITAU ADR 8.45 ▼ 0.12% SANTANDER BR 5.69 ▲ 0.26% AMBEV ADR 3.07 ▼ 1.29% CSN 0.92 ▼ 7.14% GERDAU 4.99 ▲ 0.50% LATAM ADR 54.50 ▲ 3.30% BTC 63,777 ▲ 0.46% ETH 1,866 ▼ 0.87% SOL 73.57 ▲ 0.17% XRP 1.08 ▼ 0.36% BNB 590.88 ▲ 0.56% ADA 0.19 ▲ 0.97% DOGE 0.07 ▼ 0.59% AVAX 6.53 ▼ 0.18% LINK 8.23 ▼ 1.63% DOT 0.83 ▲ 3.79% LTC 44.17 ▼ 1.04% BCH 213.80 ▲ 0.60% TRX 0.33 ▲ 0.80% XLM 0.17 ▼ 1.39% HBAR 0.07 ▲ 0.93% NEAR 1.74 ▲ 1.25% ATOM 1.35 ▲ 6.73% AAVE 93.20 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Op-Ed Guest Opinions

Gringo View: “Bipartisanship crisis”

By · June 29, 2021 · 4 min read

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RIO DE JANEIRO, BRAZIL – (Opinion) I can’t remember who first voiced this insight: ‘bipartisanship’ is not just about agreement among the political parties in a country’s legislature. It should really be about agreement among the nation’s citizens.

They may personally hold hugely different general partisan political views, but can join together on specific issues. Who, for example, could be partisan against celebrating the 4th of July, our national Independence Day, a time for post-pandemic parties, picnics, and fireworks?

Based on recent performance, the US Congress has proven unable to come to a bipartisan view
Based on recent performance, the US Congress has proven unable to come to a bipartisan view. (Photo internet reproduction)
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One wonders if our elected representatives, those folks who mainly hang out in the nation’s Capital have any understanding of this.

Based on recent performance, the US Congress has proven unable to come to a bipartisan view on whether to investigate the January 6th attack on their own Capitol, despite the large bipartisan majority of the population calling for that investigation. But that’s just the pimple, not the acne.

Since its inception eleven years ago in 2010, the Republicans in the US Congress have been trying to bury the Affordable Care Act, imaginatively nicknamed ‘Obamacare’. In the latest national opinion poll, a record-high 62% of voters support it, including 85% of Democrats and 36% of Republicans. That looks like real bipartisanship to me.

But the partisan Republicans can’t give up their unending fight against it even after three Supreme Court cases have ruled in its favor. Even if 23 million enrollees value it, what better partisan reason to want to strike it from the books than that it was signed into law by a black Democratic president?

While the entire Republican contingent in Congress and the Senate has been crying “crisis” about the nation’s current economic situation, the Consumer Comfort Index, a polling measure of Americans’ confidence in the economy, recently hit its highest level since before the pandemic.

It should be possible to bask in the “post-pandemic joy”, as some observers have labeled the current economic climate, with no bipartisan belief in an economic crisis. But listen to Fox News and the GOP partisan legislators and you would think another great depression is just over the horizon.

There is obviously a yawning disconnect here. Unless this gringo is crazy, all this indicates a serious gap between ‘the will of the people’ and the actions of the representatives they elected to look after their interests. That displays a dangerous fissure in the foundations of democracy. And it is becoming more and more serious.

It was a very hopeful sign when President Biden and a gaggle of bipartisan legislators emerged smiling from the White House last week to announce “bipartisan agreement” on a pared-down 1.2 trillion dollar infrastructure plan that would make a start on Biden’s top legislative priority and add believability to his stated desire that to ‘reach across the political aisle’ is not impossible.

The ‘draft’ agreement is the result of weeks of “you give me this” and “I’ll give you that” closed-door horse-trading between the partisans who share the common view of the desperately overdue infrastructure investments that are needed throughout the nation.

Roadways must be kept functional and improved, ports must be modernized, bridges like the pedestrian one that collapsed onto a busy Washington, DC highway last week, must be kept from falling, airports need major improvement and modern internet service needs to be made available throughout the nation, not just in cities and industrial areas.

However hard-earned those Rose Garden smiles and thumbs up, they still need to be converted into specific legislation that can overcome partisan differences. It’s a good start but It’s by no means a done deal or an easy path forward. All these positive feelings may disappear into one of those absurd and fantastic rabbit holes so prevalent in D.C.

As the ‘NY Times’ reminds us: “insisting on bipartisanship — given the major policy divide between the parties on economic recovery, tax reform, climate change, and health care — usually guarantees gridlock (which promotes voter cynicism) or actions that are watered down and ineffective (which are condemned by everyone, right and left).” Add to this the partisan battles over voting rights and the landscape has the look of a Civil War battlefield.

Perhaps I’m being too optimistic, hoping that the often bipartisan will of the public will make a positive impression on the legislators. The long July Fourth holiday back in their home districts should be a good time for them to probe the true feelings of their constituents – those folks who voted for them last time and will be considering whether to vote for or against them next time around.

That’s something for them to think seriously about when they are back in Washington doing the people’s business.

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