Datafolha indicates a draw in the second round between Dilma and Aécio

July 18, 2014

Brasil Post – 7/17/2014

Candidate for reelection in the race for the Planalto Palace, President Dilma Rousseff (PT) fluctuated two percentage points lower in the last study by Instituto Datafolha, revealed this Thursday (17), and she emerges now with 36% of intended votes. Second place in the first round simulation of the presidential elections, Aécio Neves (PSDB) remains with 20%, the same percentage obtained in the last study. Eduardo Campos (PSB), in turn, fluctuated from 9% to 8%.

For the first time, however, a technical draw was registered in a second round simulation. In a possible draw between Dilma Rousseff and Aécio Neves, the current president of the Republic would have 44% of the votes, compared to 40% for the Minas Gerais senator – there is a margin of error of two percentage points more or less. Yet with a possible second round against Eduardo Campos, Dilma would win 45% to 38%.

Based on Datafolha’s research, however, it is not possible to say if there would or would not be a second round if the race were today. Even though the rivals of Dilma, together, amounted to 36%, the same percentage as the PT candidate, the margin of error leaves open the possibility or not of the presidential election between at least two candidates. Read the rest of this entry »


Santander stirs Brazil election storm with client note

July 28, 2014

Guillermo Parra-Bernal – Reuters, 7/28/2014

Spain’s Banco Santander SA finds itself in an unwanted spotlight in Brazil after its local subsidiary irked the government by circulating a client note saying that the re-election of President Dilma Rousseff would likely push asset prices lower.

In a monthly column to wealthy clients entitled “You and Your Money,” Banco Santander Brasil SA said a drop in Rousseff’s popularity had helped spark a recent rally in the Brazilian stock market – a common view among economists and investors who believe the government’s heavy-handed policies have contributed to Brazil’s current economic slump.

The note then went on to say that the market rally could fizzle if the president’s popularity stabilizes or rebounds in opinion polls ahead of October’s election, an assertion that angered government officials and members of the ruling Workers’ Party.

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Brazil State to Purchase Solar Power After Failing to Lure Buyer

July 28, 2014

Vanessa Dezem – Bloomberg, 7/28/2014

Brazil’s Pernambuco state, which held the nation’s first solar-energy auction last year, said it is on the hook to buy the power after it was unable to find other bidders.

Pernambuco’s government agreed this month to buy the electricity from solar projects with the capacity to produce 96 megawatts of power, said state Secretary of Infrastructure Joao Bosco de Almeida. Contracts to build the projects were awarded in December to developers including Italy’s Enel Green Power SpA, who agreed to sell the power at an average price of 228.63 reais a megawatt-hour ($102.53) for 20 years. The contracts were only to build the projects and didn’t include buyers.

Although getting cheaper, solar power prices are still about 75 percent higher than those offered in the last wind-energy auction in June because the technology is still expensive and all of the equipment has to be imported. In addition to the high price, the duration of the contracts that Pernambuco was offering also deterred buyers, said Helena Chung, a Sao Paulo-based analyst for Bloomberg New Energy Finance. Buyers in Brazil’s wholesale market usually sign contracts for no longer than 10 years.

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Brazil probes $10 million embezzled from Red Cross

July 28, 2014

Anastasia Moloney – Thomson Reuters Foundation, 7/28/2014

Brazilian authorities are investigating the embezzlement of 10 million dollars of humanitarian funds from the Brazilian Red Cross.

The ongoing investigation comes after an audit, commissioned by the Brazilian Red Cross last year, which revealed millions of dollars in voluntary contributions and donor funding had been siphoned off.

“The funds collected from two years of campaigning by the Brazilian Red Cross from 2010 to 2012 for four campaigns, including Somalia, the Japan tsunami, floods in Rio de Janeiro and a national dengue campaign did not reach where they were supposed to go. The funds were diverted,” said Paulo Roberto Costa, secretary general of the Brazilian Red Cross.

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Brazil want Neymar to play at 2016 Olympics in Rio

July 28, 2014

Joe Prince-Wright – Pro Soccer Talk, 7/28/2014

Brazilian superstar Neymar had his World Cup cut short by injury this summer, but he may get another chance to represent his nation on home soil sooner than anyone thought.

According to a report from Brazil on Monday, the 22-year-old winger is in the plans of Brazil’s Olympic coach Alexandre Gallo to be an overage player on Brazil’s roster during the 2016 Olympics in Rio de Janeiro.

The only issue is that Neymar is expected to play for Brazil at the 2016 Copa America Centenario tournament being held in the U.S. and his involvement in the Rio Olympics could see him miss the start of FC Barcelona’s season in Spain.

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Brazil is set to become the world’s biggest soy producer — and that might be bad news for its forests

July 28, 2014

Gerry Hadden – Public Radio International, 7/28/2014

It’s covered by millions of acres of industrial farms and deep green soy fields. If this year’s harvest — the best in Brazilian history — comes in as expected, Brazil is poised to surpass the US and become the world’s largest soy producer. Soy beans have boosted Brazil’s economy and even brought President Dilma Roussef to Mato Grosso to congratulate farmers in person.

But in a nearby indigenous village, no one is celebrating. The boom in soy production coincided with a spike in deforestation. And Hiparidi Toptiro, an activist from the indigenous Xavante people, says local soy farmers are willing to do anything for a chunk of the forest where the Xavante live.

“Throughout our lands, people show up wielding false deeds to the area,” Toptiro says.  “And they have begun to plant soybeans inside our lands. They pay off one of our villages with a little money, which complicates the relationship between all of us in the reserve. “ He calls it dividing and conquering with trinkets.

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Brazil’s Longer-Term Swap Rates Rise on 2015 Inflation Outlook

July 28, 2014

Filipe Pacheco and Paula Sambo – Bloomberg, 7/28/2014

Brazil’s longer-term swap rates climbed as economists surveyed by the central bank raised their inflation forecasts for 2015, adding to speculation that policy makers will resume raising borrowing costs next year.

Swap rates on contracts maturing in January 2018 increased one basis point, or 0.01 percentage point, to 11.41 percent at 9:52 a.m. in Sao Paulo. The real was little changed at 2.2294 per U.S. dollar.

Economists increased their inflation forecast for 2015 to 6.21 percent from 6.12 percent a week earlier, according to the median of about 100 estimates in a central bank survey published today. President Dilma Rousseff is facing a combination of slower economic growth and above-target inflation as the October election approaches.

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Brazil-Israel ties: it’s not all samba

July 28, 2014

Samuel Feldberg – i24 News, 7/28/2014

Not only civilians have been the victims of violence in the Middle East. This week, diplomatic relations between Brazil and Israel suffered a severe blow when the Brazilian ambassador to Israel was recalled for consultations and the Brazilian foreign ministry condemned the “disproportionality” of Israel’s reaction to Hamas’ hostility.

The cover of the largest Brazilian weekly said: “Blackout in diplomacy” – silence over Russia’s downing of a passenger airline and kind treatment of Cuba’s dictator show the moral bankruptcy of President Dilma’s government.

Is this a new development or, like recurring rounds of violence in Gaza, a repetition of what we already saw in the past? Should we be surprised by the unfriendly positioning of a country that bears significant responsibility for the 1947 UN vote that created the State of Israel?

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