Tag: financial calamity

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The governor of Minas Gerais, Fernando Pimentel, declared a state of ‘financial calamity’ this week, claiming the state registers a deficit of R$8 billion due to the continuing increase in...

Opinion, by Michael Royster RIO DE JANEIRO, BRAZIL – Residents of Rio, rejoice! After years of spending more than you earn, the government of the Federative Republic of Brazil is about to solve your problem, thanks to the 2016 Olympic...