News from Brazil

Politics & Government

In Brazil on February 18, 2011 at 11:02 am

POLITICS

Brazil’s new president, Dilma Rousseff, faced her first serious test in Congress, and passed it. Trade unionists, opposition politicians and even some members of her own coalition had tried to force through a big increase in the minimum wage. Instead, as Ms Rousseff wanted, it will rise from 510 reais ($305) a month to just 545 reais, barely outpacing inflation (The Economist).

Ms Rousseff clearly made a good start. What the next few months will show is whether she also has the political skills to extract reform from her large but voracious coalition in Congress. She has the makings of a good president. But the real tests are yet to come (The Economist).

The Belo Monte hydro-electric dam issue has been getting growing coverage abroad, its impact in Brazil has so far been somewhat dulled. To understand why that is allows us to think through some of the deeper genealogies of the Latin American left, as well as some of the contradictions of its present predicament (The Guardian).

A clown who won a seat in Brazil’s Congress by a landslide has stayed true to his former profession by accidentally messing up his first vote (Reuters).

President Dilma Rousseff declared a war on drug trafficking, trading and consumption,fulfilling a promise made during the election campaign. At a ceremony, she announced the establishment of 49 Regional Centers of Reference on crack and other drugs in public universities (Xinhua).

SPLIT SECOND POLL

TWITTER & LINKEDIN

You can also follow Brazil Weekly on Twitter at brazilweekly.

Be very welcome to join the Brazil Weekly networking and discussion group on Linkedin: Click here.

INTERNATIONAL

The United States views its relations with Brazil as being in a “sweet spot” with a new leader, Dilma Rousseff, and US President Barack Obama set to visit next month (Yahoo).

Brazil is as concerned about the decline of the U.S. dollar as it is about the Chinese currency and has no plans for a joint initiative with Washington to press China to let its currency appreciate faster, said Finance Minister Guido Mantega (MercoPress).

Not only are Brazilians visiting South Florida in record numbers, but they’re investing and keeping the shopping malls humming (Miami Herald).

Brazil reiterated opposition to a French plan to impose regulation on commodity prices, saying it could have “negative effects” on major suppliers such as itself. “Brazil is totally opposed to a mechanism of control or regulation of commodity prices,” Finance Minister Guido Mantega told reporters, reiterating a position he gave last week (MercoPress).

Four regional powers hoping to get permanent seats on the Security Council — India, Germany, Brazil and Japan — said they believe the U.N. will take action by September on expanding its most powerful body (MercoPress).

Eight Brazilian footwear companies would participate in several fashion shows in China to promote their products, Brazil’s Trade and Investment Promotion Agency (Apex) said (Xinhua).

DEFENSE

Brazil’s government will cut 4,2 billion Brazilian Real (approximately 2.4 billion USD) from its 15.17 billion defense budget this year under proposed fiscal tightening, Defense Minister Nelson Jobim announced this week (MercoPress).

Embraer S.A. may develop a basic turboprop trainer aircraft jointly with India to meet potential demand from the air forces in both nations (WSJ).

India’s Embraer-built Airborne Early Warning & Control System (AEW&C) is scheduled for rollout Feb. 21 in Brazil (Aviation Week).

Swedish defence and aerospace group Saab’s chief executive said Brazil may decide this year who wins a multi-billion dollar air force jet tender and Saab has a good chance (Reuters).

Brazilian Defense Minister Nelson Jobim said that South America must have a “single voice” on defense issues, among them a common defense industrial base (Xinhua).

INNOVATION

The TC9008 resin, consisting of low density polyethylene base (LDPE) pigmented with carbon black, is Braskem’s most recent product launch for the Wires & Cables segment. It is designed primarily as a coating or cover for wires and cables used for Telecommunications and Energy (Odebrecht).

Advertisements