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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL - On Groundhog Day, a prominent Brazilian daily announced that President Dilma had agreed to sack Petrobras President Graça Foster. The next day, the Sacred Cow emitted some of its usual methane gas, denying any such thing. The very next day (February 4th) the Sacred Cow pulled in its horns and admitted that Dilma would sack ALL its current directors.

Were this bullfighting, the daily would be awarded ears, horns and tail. But, as everyone knows, Petrobras isn’t bullfighting, it’s another type of bull (we don’t mean papal).

In . . .

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