News from Brazil

Brazil Culture & Regional News

In Brazil on May 20, 2011 at 8:42 am

PROJECT OF THE WEEK

A new render of the Museum for Image and Sound (MIS), to be built on the site of an infamous and now demolished discotheque on Rio’s Copacabana boulevard.

REAL ESTATE

Minha Casa Minha Vida (My House My Life) the massive public housing campaign launched by the Brazilian Federal Government in March of 2009, has been kicked into overdrive. Originally showcased with a federal subsidy of R$34 billion and a plan of building one million low-cost units throughout the country by 2014, Minha Casa Minha Vida now has more than twice the budget, a federal subsidy of R$72 billion (The Rio Times).

Brazilian real estate developer Rossi Residencial said it bought a controlling stake in builder Norcon. The purchase creates a new company called Norcon Rossi, with 70 percent ownership in the hands of Rossi (Reuters).

Brazilian home sales are unlikely to be affected by rising borrowing costs so long as the central bank keeps the benchmark interest rate below 14 percent, said Duilio Calciolari, the new chief executive officer of Gafisa SA (Bloomberg).

WORLD CUP

Ricardo Teixeira, head of the CBF (Brazilian Football Federation) was named by Lord Triesman as one of four FIFA members willing to accept bribes in return for voting for England’s unsuccessful 2018 World Cup host bid (The Rio Times).

AMAZON

Deforestation of the Brazilian Amazon rainforest has increased almost six fold, new data suggests. Satellite images show deforestation increased from 103 sq km in March and April 2010 to 593 sq km (229 sq miles) in the same period of 2011, Brazil’s space research institute says (BBC).

Brazilian government officials said that they would crack down on cattle ranchers in the Amazon after new data showed that deforestation there had increased by 26 percent in the nine months that ended in April, compared to with the same period a year before (New York Times).

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NORTH-EAST

Recently, the north-east has become Brazil’s star economic performer. In the past decade the region’s GDP rose by 4.2% a year, compared with 3.6% for the country as a whole. Last year Pernambuco state’s economy grew by a China-like 9.3% (The Economist).

RIO

It comes as no surprise that Rio de Janeiro, a city rich in culture and history, is home to a multitude of museums. Art aficionados will not be disappointed as they meander the streets and come across everything from the distinguished Museu de Arte Moderna (MAM), to the colorful Museu Carmen Miranda. This year, in celebration of the country’s museums as well as National Museum day on May 18th, Brazil will host the ninth annual National Museum Week (The Rio Times).

Rio de Janeiro state recorded in March the lowest murder rate in 20 years, according to a report released by the Public Security Institute (ISP) (Xinhua).

SAO PAULO

The state of Sao Paulo may provide incentives to sugar-cane mills that burn their waste residues to produce electricity as the region seeks to double its biomass power capacity within three years (Bloomberg).

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