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Brazil’s media ‘incited protests,’ favored Rousseff’s impeachment from start – Greenwald
Brazil’s media ‘incited protests,’ favored Rousseff’s impeachment from start – Greenwald Glenn Greenwald © Ueslei Marcelino / Reuters Brazil-based US journalist Glenn Greenwald, who broke the story on NSA whistleblower Edward Snowden, said Brazilian media is owned by a few families that have a clear political interest in pushing President Rousseff out by “inciting street […]
‘Made in USA’: 3 key signs that point to Washington’s hand in Brazil’s ‘coup’
‘Made in USA’: 3 key signs that point to Washington’s hand in Brazil’s ‘coup’ As Brazil’s left-wing president, Dilma Rousseff, has been suspended from office to face trial for disregarding budget laws, details have emerged on key figures involved in what Rousseff supporters are calling a coup, hinting at a covert plot involving Washington. Following […]
Olympics In Doubt As Brazil Sports Minister Quits, Rio Governor Says “This Is The Worst Situation I’ve Ever Seen”
Olympics In Doubt As Brazil Sports Minister Quits, Rio Governor Says “This Is The Worst Situation I’ve Ever Seen” In less than five months, Brazil is expected to host the Summer Olympics. If you follow LatAm politics, you know that that is an absolute joke. Last summer, the country descended into political turmoil and the […]
Brazil Posts Largest Budget Deficit Ever As Rousseff Cries “Coup,” Olympic Ad Sales Top $1 Billion
Brazil Posts Largest Budget Deficit Ever As Rousseff Cries “Coup,” Olympic Ad Sales Top $1 Billion On Tuesday, embattled Brazilian President Dilma Rousseff was dealt a bitter blow when PMDB – the party of VP Michel Temer and House Speaker Eduardo Cunha – officially left the coalition government. “Dialogue, I regret to say, has been exhausted,” Tourism […]
“It’s All F**ked”: Brazil Descends Into Chaos As Rousseff, Lula Wiretaps Trigger Mass Protests
“It’s All F**ked”: Brazil Descends Into Chaos As Rousseff, Lula Wiretaps Trigger Mass Protests Just yesterday, we said the following about Brazil: It seems as though this country can’t get through a single day without some piece of political news or economic data creating confusion and turmoil. We said that on the way to noting that central […]
Hundreds Of Thousands Stage Massive Street Protests In Brazil, In Loud Call For Rousseff’s Ouster
Hundreds Of Thousands Stage Massive Street Protests In Brazil, In Loud Call For Rousseff’s Ouster Back in August, we said that while there are all kinds of charts one could look at on the way to judging just how bad things have truly gotten in Brazil, the most important graphic of all may indeed be this one, […]
A Hapless Brazil Incurs Massive Losses On FX Swaps Amid Currency Carnage
A Hapless Brazil Incurs Massive Losses On FX Swaps Amid Currency Carnage As we’ve documented extensively of late, a host of idiosyncratic political factors have served to exacerbate what was already a very, very bad situation for emerging markets. This dynamic is most readily apparent in Brazil and Turkey, and although Ankara probably has a […]
Brazilian Nightmare Worsens On Bad Budget Data, Record Low Confidence, Horrific Government Approval Ratings
Brazilian Nightmare Worsens On Bad Budget Data, Record Low Confidence, Horrific Government Approval Ratings Last month, in “‘No Recovery For You!’ Brazil Officially Enters Recession, Goldman Calls Numbers ‘Disquieting’”, we outlined Brazil’s July fiscal performance and came away believing that the country had little chance of hitting its primary fiscal surplus targets. Here’s what we […]
Rousseff Coup Could Sink Brazil, Emerging Markets
Rousseff Coup Could Sink Brazil, Emerging Markets Dolls in likeness of Lula da Silva, Rouseff. Source: The Guardian Brazil’s President Dilma Rousseff’s approval rating has plummeted to 8% amid the country’s worst recession in two decades. Her job is at risk too. Earlier this week opponents filed a petition to impeach Rousseff due to allegations of corruption […]
Is Brazil About to Drag Down Spain’s Biggest Bank?
Is Brazil About to Drag Down Spain’s Biggest Bank? The timing could not have been worse. In July last year, an analyst working for Banco Santander Brasil did something he shouldn’t have. He warned the firm’s private banking clients about the economic risks posed by the reelection of Brazil’s scandal-tarnished president, Dilma Rousseff. Those risks […]
Hundreds Of Thousands Take To The Streets In Brazil Demanding President’s Impeachment
Hundreds Of Thousands Take To The Streets In Brazil Demanding President’s Impeachment Protests are underway in Brazil as hundreds of thousands take to the streets to call for the impeachment of President Dilma Rousseff. Here’s Bloomberg: An estimated 25,000 protesters in Brasilia marched toward Congress, chanting against Rousseff and corruption, carried a long banner demanding […]
