Brazil to Triple Its Marine Protected Area with World Bank’s Help

September 29, 2014

Brazzil, 9/28/2014

A Brazilian pioneer initiative will more than triple the ocean area under environmental protection in Brazil, from 5.5 million hectares to over 17.5 million, an area larger than Greece.

Approved by the World Bank Board of Directors, the US$ 18.2 million Marine Protected Areas Project will benefit the 43 million people who live in Brazil’s 514 thousand km² coast area.

Financed by the Global Environmental Fund (GEF), the project will bring far-reaching social and economic benefits, protecting the capacity of coastal ecosystems to produce food, maintain good water quality, and increasing their resilience to and recovery from degradation.

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Brazil busts gang linked to Bolivian drug traffickers

September 26, 2014

Fox News Latino, 9/26/2014

Twenty-six people were arrested in an operation targeting a gang with ties to drug traffickers in neighboring Bolivia, Brazilian police said Friday.

The organization specializes in smuggling drugs into Brazilian territory on small planes that secretly land on rural runways of the Triangulo Mineiro area of Minas Gerais state and in the southern part of Goias, according to a Federal Police communique.

The gang is also suspected in a number of drug-related homicides.

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For Labor Market, Brazil Becomes China

September 26, 2014

Kenneth Rapoza – Forbes, 9/25/2014

The unemployment rate in Rio de Janeiro state, home to 16.5 million people, is just 3%. It’s never been so low. It’s almost as if Brazil has developed some sort of China-style full-employment policy. On a national level, unemployment is just 5%. By comparison, China’s official unemployment rate is a little over 4%.

When it comes to unemployment statistics, Brazil has become China.

Brazil’s economy is slowing. It entered into a technical recession in the second quarter, defined by back-to-back quarters of economic contraction. China’s economy is slowing, with Barclays Capital economist Jian Chang in Hong Kong expecting Beijing to lower its official GDP target to 7% instead of 7.5%. Yet, miraculously, unemployment is just 4.1%, unchanged year over year.

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Developing countries should be better represented in global institutions: Brazil’s Rousseff

September 25, 2014

Rodrigo Campos – Reuters, 09/24/2014

Brazilian President Dilma Rousseff told the United Nations on Wednesday that developing countries should be better represented in international financial institutions that otherwise are in danger of losing legitimacy.

“The delay in the expansion of voting rights of developing countries in these institutions is unacceptable,” Rousseff said in a speech to the United Nations General Assembly.

She said it was imperative to eliminate what she called a disparity between the importance of emerging economies and their “insufficient” representation in such institutions as the International Monetary Fund and the World Bank.

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Brazil’s Economic Recovery Seen Lagging Neighbors

September 25, 2014

Paulo Trevisani – The Wall street Journal, 09/24/2014

After seeing their economies lifted by years of strong global demand for raw materials such as copper, iron, soybeans and oil, Latin America’s largest commodities exporters now are trimming growth expectations and struggling with inflation.

But while economists see better times ahead for nations including Chile, Peru and Mexico, forecasts for Brazil are grim, posing a challenge for a government to be elected next month.

Brazil, critics say, frittered away its boom years with measures that propelled consumption rather than investment, while its smaller neighbors adhered to more conservative policies. With the economy shrinking so far this year and inflation at 6.5%, Brazil is in a straitjacket from which the new government may have a hard time escaping, no matter who is elected president in October’s elections, these people say.

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Brazil begins dairy exports to Russia

September 24, 2014

Russia Today, 9/24/2014

Three so-far-unnamed Brazilian dairy companies have received the proper paperwork to start deliveries to Russia, a representative of the Brazilian Ministry of Agriculture said. The new imports will help fill a gaping hole left by EU suppliers.

One of the companies has already started deliveries, Marcelo Junqueira, secretary for international affairs of the Brazilian Agriculture Ministry Marcelo said, ITAR-TASS reported.

The new deliveries will help fill the 57 percent gap of imported dairy products after Russia introduced a one-year food embargo in August on certain agricultural products from the EU, US, Australia, Canada, Australia and Norway.

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Climate Change summit: Brazil refuses to sign UN’s pledge to slow deforestation

September 24, 2014

David Usborne – The Independent, 9/23/2014

The Brazilian delegation claimed measures to end illegal deforestation had been drafted behind closed doors at the United Nations without its participation.

The fit of pique gravely undermines the declaration, which was meant as a centre-piece of the one-day summit. The Amazon jungles, “the lungs of the planet”, absorb huge quantities of carbon dioxide, the main cause of global warming. Logging is the second biggest source of emissions.

Ending deforestation is pivotal to dealing with climate change, the British Development Secretary Justine Greening said in New York. “Putting a stop to deforestation is the smart thing to do,” she said. “Without action, the world will get hungrier, poorer and more dangerous. There is no point building a health clinic for poor people in Bangladesh if it will get washed away by the next floods.”

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