Category: News

  • In Brazil, Monsanto and Syngenta Lead Farm Model that Destroys Indians and Environment

    The approval of Brazil’s Provisionary Measure 422 (Medida Provisória (MP) 422) by the Brazilian federal deputies on Tuesday night, May 27, a few hours after the resignation of Marina Silva, the ministry of the Environment, confirms that the defense of biodiversity is losing the battle against deforestation and development at whatever cost, which are defended […]

  • Brazil Cuts US$ 30 Bi from Budget, Freezes Hiring, and Starts Crackdown on Fraud

    Brazil will cut 50 billion reais (US$ 30 billion) from its 2011 budget. The announcement was made by Brazilian ministers of Finance, Guido Mantega, and Planning, Miriam Belchior. According to Belchior, the Dilma Rousseff administration will contract the Getúlio Vargas Foundation to make an audit of the federal payroll. The objective will be to find […]

  • Dollar Out in Brazil-China Trade. Real and Yuan In

    Brazil’s Central Bank (BC) informed that it has reached an initial understanding with China for the gradual elimination of the US dollar in bilateral trade operations which in 2009 are estimated to reach US$ 40 billion. “We have reached an initial understanding and we will begin working on the issue” to use the real and […]

  • Without a Plan, No President Can Rescue Brazil, Says Landless Leader

    João Pedro Stédile is an economist and a national leader of Brazil’s Landless Workers Movement and is known for his acid criticism of the national elite. Together with other leaders of the social movement, he wrote the Letter to the Brazilian People, in which they demand changes in the economic policy and priorities of the […]

  • Brazilian President Makes Fun of Wall Street’s Super Brains

    The President of Brazil, Luiz Inįcio Lula da Silva said on Thursday, September 18, that he has watched with “sadness” the collapse of Wall Street firms that made economic policy recommendations in emerging markets “as if they were the super intelligent and we were the poor souls.” “Important banks, very important banks, that spent their […]

  • While Rich Cut Social Benefits We’re Investing More, Says Brazil’s Finance Minister

    Brazil’s Minister of Finance, Guido Mantega, informed that the Brazilian government will raise its primary surplus target from 81.8 billion reais (US$ 51.54 billion) to 91 billion reais (US$ 57.34). Mantega made the announcement following a meeting of the Political Council, which brought together the leaders of allied political parties in Congress. In his comments, […]

  • Brazilian Minstrel-Minister Gil Gets Sillicon Valley Audition

    After giving a lecture at MIT, Brazil’s musician minister Gilberto Gil went to Silicon Valley to meet with a team of top executives of the computer world. Gil sat for hours with the likes of Jerry Yang, founder of Yahoo, Phillip Rosedale, creator of Second Life, and Joel Hyatt, Al Gore’s partner at Current TV. […]