Rousseff Is Brazil’s ‘Most Progressive’ Option

October 23, 2014

teleSUR, 10/22/2014

Supporters of Brazilian president Dilma Rousseff told teleSUR on Wednesday they believe her bid for reelection can maintain steam in the last days of the presidential race.

According to the Brazilian Social Movements’ (MST) coordinator Joaquim Pinero, “The social movements here in Brazil are certain that only with Dilma can we push for what we are asking for here in the streets – for political reform in Brazil.”

“Only through reform, will we be able to have working class representation in congress, which continues to be controlled by the big corporations,” Pinero told teleSUR English’s correspondent in Brazil, Stephanie Kennedy. Another leftist activist in Rio de Janeiro told Kennedy that Rousseff has already “managed to deepen” political reform to empower the poor and strengthen democracy.

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Brazil’s Rousseff Gains Ground, Poll Shows

October 23, 2014

Rogerio Jelmayer – The Wall Street Journal, 10/22/2014

Brazil’s incumbent President Dilma Rousseff gained ground versus challenger Aécio Neves just a few days before the second round of voting in the country’s presidential election, according to a survey published Wednesday by polling firm Datafolha.

The survey showed Ms. Rousseff, of the Workers’ Party, or PT, with 47% of the prospective vote and Mr. Neves, of the center-right Brazilian Social Democracy Party, or PSDB, with 43%. In a previous poll released Monday, Ms. Rousseff had 46% of the vote versus 43% of Mr. Neves.

Given the latest poll’s 2% margin of error, that amounts to a dead heat. Undecided voters account for 4% of the poll, and those choosing the option to vote “blank” or “null” totaled 6%. Datafolha interviewed 4,355 voters, on Tuesday, across Brazil.

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Neves Win in Brazil Would End Alliances Built by Lula

October 23, 2014

Charlie Devereux and Anatoly Kurmanaev – Bloomberg, 10/22/2014

The election of Aecio Neves as Brazil’s president would end a 12-year alliance uniting leaders from Venezuela to Boliviaon regional development and state intervention in the economy.

Neves, who came from behind to make the second-round vote on Oct. 26 against President Dilma Rousseff, has pledged to restore investor confidence in the economy, end “ideological” political alliances and negotiate new trade deals with or without the Mercosur trade bloc Brazil founded with Argentina in 1991. Polls show the two statistically tied.

Former President Luiz Inacio Lula da Silva, once a union leader who lost national elections three times before taking office in 2003, brokered deals and soothed tensions with leaders including Venezuela’s Hugo Chavez, Argentina’s Nestor Kirchner and Bolivia’s Evo Morales. Together, they promoted regional bodies such as Mercosur and the Union of South American Nations, while Mexico, Chile, Peru and Colombia created the Pacific Alliance, a trade bloc designed to boost ties with Asia.

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Brazil race hinges on appeal to lower middle class

October 23, 2014

Associated Press – The Washington Post, 10/23/2014

The debate boiled in Lena’s Salon in Rio’s Cantagalo slum, as patrons argued about who should win Sunday’s presidential election.

In one corner, owner Lucia Helena Silva was loudly arguing for President Dilma Rousseff and her Workers’ Party, waving a hot straightening iron. A customer, primping her carefully coiffed hair, was having none of it, insisting that center-right opposition candidate Aecio Neves would revitalize Brazil’s pallid economy.

“No way! You’ve got to vote for Dilma,” said Silva. “Who has improved the lives of people in this slum? Who has shrunk the distance between us and the rich?”

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5 Reasons Why Aecio Neves Should Be Elected The Next President Of Brazil

October 23, 2014

Anderson Antunes – Forbes, 10/22/2014

Twelve years ago Brazilians chose Luiz Inacio Lula da Silva, the first member of the working class to be elected president of Brazil, as the person whom they believed could promote the changes that the country needed in order to become a fairer and better place to live. Lula, who is known by his first name, didn’t disappoint. During his government (2003-2010), Brazil’s economy expanded considerably, although not as much as the world economic growth during the same period, and  it was mostly thanks to China’s appetite for Brazil’s commodities.

Millions of Brazilians were lifted out of poverty, and a new middle class emerged, eager to spend money. During Lula’s eight year term, the number of Brazilians with banking accounts went from 70 million to 115 million, increasing from 40% to 59% the percent of the Brazilian population who maintained a relationship with the country’s financial system. The total number of mortgages went from 37,000 in 2003 to 530,000 last year, while today the equivalent of 60% of the country’s GDP is circulating in the economy in the form of loans. Even the number of Brazilian billionaires increased, from only five in 2003 to 65 this year.

However, during Lula’s last years, inflation became a dangerous distraction and industrial production didn’t grow as much as it should have. Add to that the fact that Lula’s successor, Dilma Rousseff, failed dramatically to keep up his good work, blaming a nonexistent world crisis for her poor performance as the commander-in-chief. Investors who once lined up to put money into Brazil’s economy are now looking to other markets. That should change if Rousseff loses her bid for re-election.

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Datafolha reveals technical tie between Dilma and Aécio continues [PORTUGUESE]

October 22, 2014

Paula Laboissière – EBC Agência Brasil, 10/22/2014

A Datafolha poll released today (10/22) reveals the PT candidate (Workers’ Party) for reelection, Dilma Rousseff, has 47% of voter intentions. Aécio Neves, of the Social Democratic Party (PSDB), has 43%. Considering the approximate margin of error of two percentage points, the two continue to be technically tied. In the previous poll, Dilma had 46% and Aécio had 43%.

Blank and null votes were 6% of the total, while 4% are still undecided. Considering the valid votes (excluding the blank, null or undecided votes), Dilma has 52% and Aécio 48%, which again indicates a technical tie within the margin of error. In the previous poll, the estimates for the candidates were the same – 52% and 48%, respectively.

The survey detected an increase in the population’s interest in the race: 50% of those interviewed said they had a large interest in the election. At the end of August, it was 39%.

Read more [in Portuguese]… 

Brazil Stocks Sink As Jim Chanos Slams Petrobras

October 22, 2014

Kenneth Rapoza – Forbes, 10/21/2014

Sometimes all it takes is a celebrity investor to say something bad about a market and the investor riff-raff go running for the door. On Monday, famed investor and regular CNBC guest Jim Chanos said Brazilian state owned oil company was not an investment, but an investment scheme. He was referring to what most Petrobras watchers already know — that the company is used by the government as a revenue stream, and as a means to control inflation as it keeps a lock on gasoline prices.

Chanos said this on a day when Petrobras shares had down their usual mega-drop, falling 6% in a day. Less than 12 hours later, the stock opened 6% lower on Tuesday following Chanos’ guidance. He’s laughing all the way to the bank this week.

And while every broker and trader on the Bovespa floor in São Paulo needs something to tell newswire reporters about the wild drop in Brazilian equities today, it is very unlikely that the recent poll by Datafolha showing incumbent Dilma Rousseff neck and neck with challenger Aécio Neves is any reason for investors to sell Brazil. Business Insider gets it. Linette Lopez wrote in a headline today that Chanos Tanked Brazil.

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