Politics, Business & Culture in the Americas
credit

Four Reasons for Brazil’s Credit Dysfunction – and How to Fix It

Brazil’s Central Bank raised eyebrows in December when it lowered its target interest rate to 7 percent. That’s high by global standards, and about average for other major emerging markets, but it was a milestone for Latin America’s biggest economy: 7 percent is the lowest key interest rate in Brazil’s history. That Brazil’s all-time lowest … Read more

temer

Brazil’s Foreign Policy Isn’t Dead. It’s Just Hibernating.

The government of Michel Temer has dealt Brazilian foreign policy a body blow. Not only has the president traveled abroad less than any of his predecessors since Itamar Franco in the 1990s, but, more importantly, Brazil nowadays contributes remarkably little to dealing with urgent regional challenges. These include the crisis in Venezuela, transnational crime, China’s … Read more

rocinha_newtop

Wanted: A (Sane) Brazilian President Who Can Stop the Violence

Ler em português RIO DE JANEIRO – The most vital Twitter feed here these days is called Onde Tem Tiroteio, or “Where There Is a Shootout.” One recent afternoon, in a span of just a few hours, it sent these alerts to its 36,000 followers: “Shots heard in Botafogo, near Santa Marta and Cobal. Attention … Read more

temer

Michel Temer’s Reform Agenda in Brazil: A Rundown

As a foreign correspondent in Brazil, I have spent most of the past year talking about a handful of issues that dominate the headlines. There is an enormous appetite – both abroad and domestically – for news about the “Car Wash” corruption probe and its impact on President Michel Temer’s government. Who will go to … Read more

nuzman

Rio’s Olympics Were a Raging Success! Really!

No matter what you may have read elsewhere, Rio de Janeiro’s 2016 Olympic Games were a massive success. OK, so the event was billed by former President Luiz Inácio Lula da Silva as Brazil’s time to shine, “an opportunity without equal, increasing Brazilians’ self-esteem, consolidating recent achievements and inspiring new progress.” On that front, it’s … Read more

temertemer

Brazilian Diplomacy: From First in Class to Disappearing Act

Brazilian foreign policy has always been an unpredictable affair. In the 1930s, dictator Getúlio Vargas had sympathies with Nazi fascism, even modeling labor laws after Benito Mussolini’s and fostering a militant wing vaguely resembling Adolf Hitler’s. But he ended up siding with the Allies during World War II. In the 1970s, during another authoritarian period, … Read more

bolsonaro

Brazil Is Tired. Guess Who Benefits?

Everywhere you go in Brazil, it’s the same thing. Circles under the eyes, hushed voices. A shrug. “Fazer o que?” In the bakeries of Eastern São Paulo. In courtrooms. In President Michel Temer’s government. Outside shuttered storefronts. At City Hall. In the 50-person line for jobs at a yogurt shop. In corporate suites. The anger … Read more

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