Are you ready to dance the samba along with a few hundred thousand of your closest friends? Are yu ready to celebrate like there’s no tomorrow, whether your team wins or loses? If so, you might be ready for some Brazilian futebol! Here’s an account of one recent traveler to a club game in Rio. … Continue Reading
Brazil Opens Inquiry Into Claims of Wrongdoing by Ex-President
Brazil’s Public Ministry, a body of independent public prosecutors, has begun an investigation into a claim connecting former President Luiz Inácio Lula da Silva to a vast vote-buying scheme that involved the channeling of funds to the governing Workers’ Party. Read Simon Romero’s New York Times article here: http://nyti.ms/123GMLd – Presented by Miami International Business… Continue Reading
Tomatoes as an Economic Weapon
First, the U.S. and Mexico were/are involved in a war over homegrown tomatoes. Now Brazil is joining the fray. Three of the four largest economies may soon be in a Hemispheric hothouse over the Hothouse. In Brazil, a longer-than-usual rainy season, high fuel prices and superheated demand have combined to send prices for the beloved… Continue Reading
Banco do Brasil SA Expanding Overseas
Banco do Brasil SA, the public/private banking institution partially owned by the Brazilian Government and headquartered in Brasilia, is putting in place a long time desirable business venture. It seems an important and aggressive move to expand its operation worldwide but to meet some international standards the public owned bank should implement less bureaucratic policies… Continue Reading
Romário Wants Football Chief To Go
Romário is a long way away from the Jacarezinho favela of Rio de Janeiro. The former FIFA World Player of the Year is now a Brazilian congressman, and he’s not merely ornamental. Romário is calling for the resignation of the national football federation president for his alleged links to the country’s military dictatorship. It’s hard… Continue Reading
China and Brazil Getting Ready for Another Crisis
I don’t see a currency swap deal between two emerging global power as a good sign. A $30 billion currency swap deal between Brazil and China is expected to smooth trade between the two countries despite changing global financial conditions and future crises. It seems that there is a prediction that the global economy will… Continue Reading