Brazil’s Gold Medal for Corruption

The Editorial Board – The New York Times, 06/06/2016

Michel Temer, Brazil’s interim president, displayed poor judgment on his first day in office last month when he appointed an all-white, all-male cabinet. This understandably angered many in racially diverse Brazil.

Their outrage was compounded by the fact that seven of the new ministershad been tainted by a corruption scandal and investigation that have shaken Brazilian politics. The appointments added to the suspicion that the temporary ouster of President Dilma Rousseff last month over allegations that she resorted to unlawful budget-balancing tricks had an ulterior motive: to make the investigation go away. Earlier this year, Ms. Rousseff said that allowing the inquiry into kickbacks at Petrobras, the state oil company, to run its course would be healthy for Brazil in the long run.

Two weeks after the new interim government was seated, Romero Jucá, Mr. Temer’s planning minister, resigned after a newspaper reported on a recorded phone conversation in which Mr. Jucá appeared to endorse the dismissal of Ms. Rousseff as part of a deal among lawmakers to “protect everyone” embroiled in the scandal. That was the only way, he said, to assure that Brazil “would return to being calm.” Late last month, Fabiano Silveira, the minister of transparency, charged with fighting corruption, was forced to resign after a similarly embarrassing leak of a surreptitiously recorded conversation.

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Brazilian Congress to limit powers of FIFA, IOC

Tales Azzoni – AP/Miami Herald, 06/29/2011

Brazilian lawmakers plan to limit the powers of FIFA and IOC over projects related to the 2014 World Cup and 2016 Olympics.

In legislation aimed at reducing the bureaucracy for infrastructure work for both events, a clause was removed that allowed FIFA and the International Olympic Committee to request project changes without cost limits to the Brazilian government.

It was approved late Tuesday by the lower house of Congress. The bill also added an element of transparency after critics had complained that details on future bidding processes did not have to be made available to the public.

Want Clean-Energy Investment? Offer More TLC, Deutsche Bank Says

Keith Johnson-The Wall Street Journal, 10/26/09

…In a nutshell, Deutsche Bank Climate Change Advisors conclude in a big new report out today, investors want TLC—“transparency, longevity, and certainty”–in government energy policies. Countries that offer that—Australia, Brazil, China, France, Germany, and Japan—will attact capital. Countries that don’t—including the U.S. and the U.K.—will struggle….

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