Economics

The Pros and Cons of Brazil’s Controversial Constitutional Amendment

A proposed constitutional amendment that would limit public spending growth, one of the Temer government’s key initiatives, is making waves in Brazil. Some have cheered it, stating that getting Brazil’s finances in order is crucial for the country’s economic recovery. Others however, worry that this extreme measure will ultimately harm the country’s poorest citizens. So who’s right?

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Dilma vs. Collor: How do Brazil’s impeachments compare?

The acrimonious nature and bizarre ending of Dilma Rousseff's impeachment almost makes you nostalgic for the impeachment of Fernando Collor de Mello, in 1992. Back then, Brazil was united in its disdain for a corrupt president and the process to remove him was relatively swift and uncontroversial. Indeed, perhaps the best way to make sense of the current impeachment and gain some perspective on it is to compare it with this previous episode. 

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What now? The trade-offs and budget cuts needed to fix Brazil’s finances (Entire series)

As Brazil’s interim government gets to work, its main task is fixing Brazil’s finances after identifying a record budget deficit. Although the specter of austerity looms large, the good news is that budget cuts don’t need to affect Brazil’s social programs. The country’s real fiscal problems can be alleviated by addressing large-scale inefficient and wasteful spending elsewhere. The following five-part series examines where some of these savings could come from.

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What now? The trade-offs and budget cuts needed to fix Brazil’s finances

As Brazil’s interim government gets to work, its main task is restoring Brazil’s finances after identifying a record budget deficit. Although the specter of austerity looms large, the good news is that budget cuts don’t need to affect Brazil’s social programs. The country’s real fiscal problems can be alleviated by addressing inefficient and wasteful spending elsewhere – this five-part series examines where some of these savings could come from.

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Has the Western media gone too easy on Brazilian President Dilma Rousseff?

It’s time for the media to reconsider the narrative that has been used to describe the Brazilian crisis and to turn a more critical eye to President Rousseff, as well as her predecessor Lula and the Workers’ Party in general. They have, after all, been in charge for the past 13 years, and the economic and political crises and corruption scandals currently tearing Brazil apart have happened on their watch. 

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What is the impeachment in Brazil about? Author of request explains

Yesterday, lawyer and law professor Janaína Paschoal testified before the Brazilian Senate’s Special Impeachment Commission to explain the request that she filed, along with Helio Bicudo and Miguel Reale Jr., for the impeachment of President Dilma Rousseff. Here is a translated and annotated transcript of her remarks. 

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Impeachment moves forward, stocks move back and the Rio Olympics face new challenges

In a rowdy hearing last Sunday, the lower house of Brazil’s Congress voted to move forward with impeachment proceedings against president Dilma Roussef. Financial markets had a mixed response as enthusiasm for potential new economic policies was tempered by the reality that there are no short-term solutions for Brazil's dire economic situation. Meanwhile, the Rio Olympics experienced new setbacks when a brand new elevated bicycle path in the city collapsed, killing two people, and news broke that several Olympic construction projects may become the target of corruption investigations.

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Political and economic crisis, the Rio Olympics and Internet rights

The political drama in Brazil continued to unfold during what has been an especially eventful week, even by recent standards. In other news, the economic outlook remains bleak, preparations for the Rio Olympics appear to have finally gotten on track, and concerns are being raised about new laws that would affect net neutrality and strengthen censorship on the Brazilian internet.

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Pride and prejudice: The Workers’ Party and the fight against corruption in Brazil

The adversarial nature of the massive corruption investigations taking place in Brazil has led the Workers’ Party (PT) to call foul. But given the long list of shady dealings and outright crimes associated with the party, can their claims of persecution be taken seriously?

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Trouble for former, current, and potentially future Brazilian presidents

The man responsible for marketing during both Lula's and Dilma's campaigns has been arrested for allegedly receiving millions of dollars worth of illegal payments to offshore bank accounts. Lula is being investigated for improprieties regarding his potential real estate holdings. Former president Fernando Henrique Cardoso has been accused of illegally sending money to his mistress abroad.

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