For those interested in knowing more about the former American ambassador to Brazil, Lincoln Gordon, who died recently at the age of 96, an article published by the New York Times makes a good read. For Brazilians, Dr. Gordon was always a controversial figure. He repeatedly denied accusations that himself, his staff and the Central Intelligence [...]
Posts from ‘December, 2009’
Brazil Announces Beginning Of End To Economic Stimulus
By Rogerio Jelmayer and Alastair Stewart Of Dow Jones Newswires SAO PAULO (Dow Jones)–Thanks to optimistic growth forecasts for Latin America’s biggest economy, Brazil’s president and central bank governor indicated that most economic stimulus programs the government enacted amid the global financial crisis will end next year. President Luiz Inacio Lula da Silva told [...]
Resource-rich Brazil puts up its guard
The nation is reviving its space program as part of a push to secure its territory. ‘In the coming era of scarcity, we’re going to have to defend what we’ve got,’ a consultant to the Defense Ministry. By Chris Kraul – Los Angeles Times Brazil’s planned reentry into the satellite business next year is more [...]
Brazil’s Presidential Race to Pit Lula Aide Against State Governor
José Serra’s key rival bowed out his party’s presidential race. By JOHN LYONS - The Wall Stree Journal SÃO PAULO, Brazil — The shape of Brazil’s next presidential race became clearer, with a powerful state governor emerging as the key challenger to President Luiz Inácio Lula da Silva’s handpicked successor. Brazilian politician José Serra, a U.S.-trained [...]
Why Brazil Is the New China for Investors
By Louis Navellier - Nasdaq.com Lots of investors are clamoring over China right now because stocks there have experienced phenomenal growth since January 1, 2009. There’s no mystery behind China’s appeal: The country has experienced robust economic growth even in the worst of the recession, including a nearly 9% annualized gain in GDP for the third-quarter [...]
BRINK
The four members of BRIK: Brazil, Russia, India and China By Schott´s Vocab – The New York Times An oil-industry acronym for Brazil, Russia, Iraq, Nigeria and Kazakhstan – five countries predicted to make a significant mark on oil production in the 2010s. Discussing the possible impact of an increase in oil supply, Liam Denning [...]
Brazil’s Best Income Stock Yields 7%
Bovespa in São Paulo By Anthony Haddad – StreeAuthority Brazil has been one of the best places for U.S. investors for a long time. During the past five years, the Bovespa Index, Sao Paulo’s premier index, has gained +167.0%, or +21.7% compounded annually. The S&P 500 has gained +9.8% in the same five-year period. Just [...]
ArcelorMittal says job cuts coming in 2010
By Associated Press WEIRTON, W.Va. — Steel giant ArcelorMittal SA said Tuesday it will cut an unspecified number of jobs next year and stick with plans to use 70 percent of its capacity in the current quarter. The company plans to cut jobs through attrition and “optimization of production,” spokesman Bill Steers said in an [...]
Brazil’s China headache
Brazil´s president, Lula da Silva, and the Chinese leader,Hu Jintao, hold hands in Beijing, earlier this year By Sebastian Mallaby – The Washington Post The country of the moment is Brazil, that melting pot of almost 200 million people. A thriving democracy, it has a hugely popular president and rapidly falling poverty. It recently won [...]
Why Brazilian sugar producers are buzzing
Workers cut down sugar cane in Sao Paulo state. Photo: Matheus Galvão From The Economist print edition SINCE the start of the year the price of sugar futures has almost doubled. This is welcome news for Brazil, the world’s largest producer of the stuff. The price spike is mainly explained by unfavourable weather—too little rain [...]