Brazil
Brazil is the largest country in South America in area and population. It was one of the world’s fastest-growing economic powerhouses from 2000 to 2010, but the boom appeared to sputter in 2011. The country’s meteoric rise occurred under the stewardship of Luiz Inacio da Silva, who served as president from 2002 to 2011.
Brazil’s current administration, headed by Dilma Rousseff, has faced discontent from a growing middle class over its preparations for the World Cup in 2014 and an array of lavish projects conceived when economic growth was surging that now stand abandoned, stalled or wildly over budget. Despite facing fierce criticism over her economic policies, Rousseff was narrowly re-elected to a second term as president on October 26, 2014.
Scroll below to learn more about Brazil using our article archive and chronology of breaking news.
CHRONOLOGY OF COVERAGE
DEC. 8, 2014
Brazil's prosecutor general Rodrigo Janot will indict minimum of 11 executives from country's largest construction companies on charges including bribery and money laundering in connection with oil industry graft scandal; charges open way for trial that will scrutinize illicit dealings between executives from Brazil's state-controlled oil company Petrobas, powerful contractors and officials in government of Pres Dilma Rousseff. MOREDEC. 4, 2014
Brazilian Navy says it will establish naval mission in small African island nation of Sao Tome and Principe; mission reflects Brazil's hopes of increasing its influence in Africa. MOREDEC. 3, 2014
With credit cards charging more than 240 percent interest a year, middle-class Brazilians are increasingly turning to a place where collateral is king. MORENOV. 30, 2014
Congressional leaders in Brazil push ahead with legislation to raise their salaries as much as 34 percent, to about $187,000 a year, despite sluggish economy; move raises doubts about whether Brazil can rein in spending. MORENOV. 30, 2014
Belo Horizonte, city associated with Brazil’s embarrassing 7-1 loss in 2014 World Cup semifinals, has experienced an unlikely soccer rebirth due to recent success of local clubs Cruzeiro and Atletico. MORE
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