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Friday, October 7, 2016

The Rio Times

Further Indictments for Brazil’s Ex-President Lula

Further Indictments for Brazil’s Ex-President Lula
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s federal police announced on Wednesday, October 5th, it was recommending that federal prosecutors hand down another indictment for former President Luiz Inacio Lula da Silva on suspicion of corruption. According to officials, the former president is said to have used his influence and received […]

Longest Brazil Bank Strike in Over a Decade Continues

Longest Brazil Bank Strike in Over a Decade Continues
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The nationwide strike by bank employees in Brazil entered its thirtieth day on Tuesday, October 4th, with both sides refusing to revise their positions. The strike is the longest in the country since 2004, when bank employees went on strike for thirty days. “Bankers have […]

Brazil Real Estate Property Prices Fall Against Inflation

Brazil Real Estate Property Prices Fall Against Inflation
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – In September, the average price of real estate in Brazil rose 0.12 percent, according to the latest FipeZap index, which tracks fluctuations in home and apartment prices advertised for sale in twenty Brazilian cities. This was the largest monthly variation since July 2015, however, the […]

Fatal Accident During Rio 2016 Disassembly

Fatal Accident During Rio 2016 Disassembly
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – On Wednesday, October 5th, according to a Reuters Brasil source, one worker has been killed and another has lost his leg in separate accidents during disassembly of Rio 2016 Olympic venues. The anonymous source indicated that workers’ safety at these sites has been severely compromised […]

National Exam Backs Need For Educational Reform in Brazil

National Exam Backs Need For Educational Reform in Brazil
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Data on the 2015 National Secondary Education Examination (Enem) test given to high school students show the urgent need to reform Brazil’s high school system, said government officials on Tuesday after announcing the results of the nationwide test given to students in October of last […]

Brazil President Temer Faces 55 Percent Disapproval

Brazil President Temer Faces 55 Percent Disapproval
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – On Tuesday, October 4th, the polling agency, Ibope, released the results of its latest survey showing that 55 percent of Brazilians disapprove of the administration of President Michel Temer. The survey, commissioned by the Confederação Nacional da Indústria (National Confederation of Industry), is the first […]

Brazil’s Industrial Production Declines 3.8 Percent in August

Brazil’s Industrial Production Declines 3.8 Percent in August
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL –Brazil’s industrial production in August declined 3.8 percent in relation to July, according to data from the IBGE (Brazilian Statistical Bureau), the steepest decline since January of 2012 when the index dipped 4.9 percent. “The decline in August interrupts five consecutive months of growth,” said IBGE […]

Brazil’s Elections Show Voter Rejection of Political Class

Brazil’s Elections Show Voter Rejection of Political Class
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s municipal elections on Sunday produced more than winners and losers, it revealed a significant apathy by voters with the entire political class. According to official data from the country’s Superior Electoral Court (TSE) more than 25 million eligible voters chose to stay home. This […]

Post Election Dollar Falls to Lowest Since August

Post Election Dollar Falls to Lowest Since August
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL – On Monday, October 3rd, the day after Brazil’s municipal elections, the U.S. dollar fell to its lowest level since August earlier this year, closing at R$3.206/US$1, a decline of R$0.046 (-1.41 percent). That figure marks the lowest for the U.S. dollar, since August 22nd when […]

Brazil’s BNDES to Prioritize Alternative Energy Sources

Brazil’s BNDES to Prioritize Alternative Energy Sources
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Social and Economic Bank (BNDES) announced on Monday (October 3rd) its plan to expand the financial institution’s support for solar projects, increasing financing from seventy percent to up to eighty percent, those items eligible to obtain Long Term Interest Rate (TJLP), currently at 7.5 […]

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