Brazil Varig's Situation Much Worse Than Expected, Says Expert
Written by Alana Gandra
Friday, 23 June 2006
Professor Ricardo Teixeira, a Brazilian expert in business administration at the Fundação Getúlio Vargas, says that based on statements by Varig Airline employees he believes the present situation in the company is "much worse than it seemed to be in the past."
Teixeira says things have reached the point where passengers are afraid to buy Varig tickets even though many flights are leaving on schedule.
As for the future of Varig, Teixeira points out various scenarios: if the investment group, NV Participações, manages to make the mandatory deposit of US$ 75 million today that means that the June 8 auction will be valid and Varig workers (represented by NV Participações) will take over.
"If the mandatory deposit is not made a new auction may be necessary. The big problem with these auctions is transparency. Especially the rules regarding company liabilities [Varig has debts totaling over US$ 3 billion]."
Another possibility is for the Brazilian government, through its state-run fuel distributor and airport administrators, to continue to be generous with Varig, allowing the debt-ridden firm to continue to operate.
Teixeira emphasizes that the Varig trademark is one of the company's most valuable assets but that something must be done rapidly to protect it. "If it is not preserved quickly, it may lose its value."
The value of the trademark is already gone. What a bunch of buffons trying to operate an international airline!!!. The shares are worthless. penny stock....
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The small, coastal town of Condé is located just a twenty minute's drive from João Pessoa, the capital of Paraíba. The Northeast of Brazil has historically been a place of encounter and mixing between peoples. For millenia groups of indigenous people fished, farmed, migrated and sometimes fought along this large, fertile area. 
The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of human rights, although sometimes it takes pleasure in saying that it does precisely the opposite. The visit of Iran's president, Mahmoud Ahmadinejad, is another example of a diplomatic omission that verges on hypocrisy. 
On July 4, 2006, representatives of Argentina, Brazil, Paraguay and Uruguay met in Caracas to sign the protocol for the entrance of Venezuela into the Southern Common Market (Mercosur). After two and a half years, the protocol was approved by the legislative bodies of Argentina and Uruguay, and as of now it may be only days away from being ratified by the continent's economic megalith, Brazil. 
Some sectors of the fight against AIDS have suggested that Thabo Mbeki, the former president of South Africa, committed genocide through his absence from the fight against the illness in his country throughout his two terms. 
One hundred and eleven years after Brazil abolished slavery, the number of workers deprived of their freedom is still huge. They raise cattle, produce charcoal, sugar cane or timber. Some of them, most undocumented Bolivians, work in basements of small apparel factories in São Paulo and other metropolis. 
On November 7, 2009 a few friends and I had an opportunity to take a look inside a Brazilian jail outside the city of Rio de Janeiro. We were able to take some amateur footage of our experience on video (see link below). It's no surprise, of course, that the typical Brazilian jail lacks some of the functionality of those in North America or Europe, but our experience that day was quite shocking. 
Depletion of the Amazon Rainforest is not a new concern facing environmentalists, biologists, ecologists, and a growing number of the Amazonian indigenous peoples. For decades they have feared for the fate of the world's most biologically diverse and species-rich hothouse. 
Geisy Arruda made history this week in Brazil, but for all the wrong reasons. What began as a poorly planned fashion statement has become a worldwide tale. Geisy decided to wear a pink mini-dress to her private college in São Paulo state, and after that, all hell broke loose. 
The push of vigilante groups in Rio de Janeiro's favelas (shantytowns) in the last three years is the most important and alarming information of the just-released study by the Rio de Janeiro University's Violence Research Center (Nupev-Uerj). 
A dispute over drug trafficking territory in Rio de Janeiro has intensified lately, leaving in its wake unprecedented acts of violence, such as the downing of a police helicopter in the northern zone of the city on October 17. Three policemen died and another two were injured. This event has drawn the attention of the international media, who are raising the issue of public security for the 2016 Olympics to be held in Rio.