Brazil’s Petrobras not facing cash flow difficulties – president

May 22, 2013

Fox Business/Dow Jones Newswires, 05/22/2013

Brazil’s state-run oil company Petrobras (PBR, PETR4.BR) remains well financed and isn’t facing cash flow difficulties as suggested by some market rumors, its president said Wednesday.

Responding to questions from lawmakers on a Brazilian congressional committee, Petrobras President Graca Foster said company initiatives to raise cash didn’t indicate it was undergoing problems.

“Petrobras has a cash reserve of $20 billion,” she said. “This information isn’t correct.”

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Online freedoms in Brazil endangered by changes to Internet Bill of Rights, says expert

November 15, 2012

Natalia Mazotte – Journalism in the Americas, 11/13/2012

After the vote was postponed four times because of a lack on consensus, the Internet Bill of Rights, a bill that establishes the rights and obligations of Internet users in Brazil, is back on the floor of the Chamber of Deputies Tuesday, Nov. 13. The latest section to draw fire is a paragraph in article 15 of the bill that states that case of copyright infringement do not require court order to be taken down.

The change was criticized by the Brazilian Internet Association. “A new proposed amendment, with the insertion of the second paragraph that limits the user’s protection against indiscriminate content removal, will surely matter in censorship cases and, for this reason, is absolutely unconstitutional and an affront on digital freedom,” the group said in a statement on its website.

Several organizations in support of the democratization of the media and consumer defense groups sent a letter to Deputy Alessandro Molon, the Bill of Rights rapporteur, who also came out against the amendment to article 15.

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Press Freedom in Brazil: Sound the Alarm

October 31, 2012

Joel Jaeger – Council on Hemispheric Affair, 10/22/2012

In Latin America’s largest country, journalists, legislators, courts, street gangs, and political factions are waging a back-and-forth war over the status of the freedom of the press. Brazil has experienced a recent spate of threats and violence against journalists, including the slaying of seven journalists in the first half of 2012 alone.[1] In terms of the freedom of the press, one human rights organization places Brazil 91st of 197 countries in the world, and 21st of 35 countries in the Americas.[2] While Brazil is not yet the worst setting for the independent press, current trends suggest that its press freedoms will be increasingly challenged in the months and years to come.

Challenges for Journalists

Brazilian journalists are facing disheartening violence and censorship from a variety of sources. Some of these attacks are gang-related, such as on August 30, when drug traffickers fired at a TV news van in an effort to assert their dominance over a neighborhood in Salvador, the capital of the Brazilian state of Bahai.[3] Other violations against the free press have come from the army. Last year, military units ordered reporters to stop filming as they cracked down on delinquency in the impoverished favelas surrounding Rio de Janiero in preparation for the upcoming World Cup and Olympics.[4] In many cases, censorship is politically motivated.

Internet Censorship

Within the last few years, the internet has become a new arena for the censorship debate. In early September, the website “Jornal Oeste” was forbidden from publishing articles about an election in Cáceres because the Election Court considered it to be biased; additionally, a blogger preaching popular checks on public administration claimed that the mayor of Curtiba filed a lawsuit against his website in an attempt to shut it down.[13] According to a recent report by Google, it received 194 Content Removal Requests from the Brazilian government in the second half of 2011, among the highest number of requests per country in the world.[14]

Read the article in its entirety here…


MIT Adopts a Quiet Global Strategy

October 31, 2012

Karin Fischer – The Chronicle of Higher Education, 10/23/2012

Back in the 1960s and 1970s, the Massachusetts Institute of Technology was in the university-building business.

A young, democratic India turned to MIT as the model for one of its leading Indian Institutes of Technology. Faculty members helped establish Brazil’s Technological Institute of Aeronautics, a breeding ground for its aerospace and defense elite. Another of MIT’s progeny, the Aryamehr University of Technology, which was split into two institutions after the Iranian revolution, is today at the heart of that country’s controversial nuclear program.

More than a generation later, MIT is at it again. In addition to the hundreds—no, thousands—of faculty research collaborations around the globe, the university over the past five years has once more engaged in ambitious efforts to create new, independent institutions, this time in Abu Dhabi, Russia, and Singapore. Other such projects, in Asia and Latin America, are also on the table, says MIT’s freshly inaugurated president, L. Rafael Reif.

Unlike New York University’s much-talked-about branch campus in the Persian Gulf, or Yale University’s proposed liberal-arts college in Singapore, MIT is not stamping its name on campuses overseas. Instead it has seemed content to be a less-showy, largely silent partner in its international ventures. And while there are hurdles, significant ones, that strategy may give it greater global reach than any other American university.

If branch campuses are often intellectual islands, with little local spillover, these upstart institutions are being built in the spirit of MIT’s motto, Mens et Manus, or Mind and Hand. They are meant to have real-world impact. Indeed, that’s precisely why foreign governments and foundations have opened their countries, and their checkbooks, to MIT—they believe the university’s brand of applied, innovation-driven education can help train a cadre of scientists and engineers, produce world-class research, and, ultimately, transform their economies.

“A culture of research to education to innovation, that’s what’s needed in Russia,” says Alexei Sitnikov, vice president for administration and development at the Skolkovo Institute of Science and Technology, a new graduate research university near Moscow being developed with MIT. “It’s the secret sauce of MIT that we hope to get.”

And if, decades ago, MIT acted as more of a midwife to fledgling foreign institutions, guiding them through birth and then leaving them to their growing pains, today Mr. Reif and other university leaders say they want a more deliberate and sustained approach to international engagement. One option under strong consideration is to create a worldwide network of top-flight science-and-technology universities, both the well established and those with “MIT DNA,” to answer great global challenges.

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Brazilian News Sites Ban Google

October 22, 2012

Adi Gaskell – Technorati, 10/21/2012

It really hasn’t been a great week for Google.  It began with the EU ordering them to make their privacy settings more user friendly.  They followed that up with the bungling of their latest earnings report, with it being leaked ahead of schedule, causing shares to be suspended after they dropped dramatically.

To cap it all, they have been under fire from publishers from around the world.  Firstly the French government has been petitioned by French news publishers to charge Google for listing their content in its index.  That has been followed by similar news coming from Brazil, where newspapers account for 90% of circulation have dumped Google News.

The Brazilian newspaper association claims that all 154 of its members have followed its suggestion to ban Google News from accessing their websites.  They claim that Google is getting their content for free and driving visitors away from their websites.

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Brazil supreme court approves work on Amazon dam

August 28, 2012

AFP, 08/28/2012

Brazil’s Supreme Court has approved the resumption of work on the huge Belo Monte dam in the Amazon, which was halted earlier this month after protests from indigenous groups.

The preliminary ruling on Monday overturns an earlier ruling that ordered construction of the dam across the Xingu River, a tributary of the Amazon, to be stopped until indigenous peoples can testify before Congress.

However, the decision by Supreme Court President Carlos Ayres Britto could be revised when the court examines the case further, its website said.

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Thyssen seeks $8.8 billion for U.S., Brazil mills: report

August 27, 2012

Reuters, 08/26/2012

German steelmaker ThyssenKrupp (TKAG.DE) plans to sell its U.S. and Brazilian mills separately for at least the book value, which is about 7 billion euros ($8.8 billion), its chief executive has told German newspaper Welt am Sonntag.

ThyssenKrupp plunged to a net loss last year, hit by the cost of expansion in Brazil and the United States, which has backfired amid weakening demand and rising material prices.

The group is now slimming down to cut debt and focus on its European heartlands and, having sold its stainless steel division and its super-yachts business, is looking at selling other assets including Brazilian and U.S. mills.

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Brazil revives bullet-train project

August 24, 2012

Fox News/EFE, 08/23/2012

Brazil’s government has announced the revival of a $16.5 billion high-speed railway project that would link Rio de Janeiro and Sao Paulo.

The National Agency of Terrestrial Transport, or ANTT, published the details of the process for awarding the contract on Thursday. The process will include a public consultation phase, giving people until Sept. 24 to make their “suggestions.”

Interested companies will have until April 30, 2013, to submit their bids, which will be opened a month later.

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