The Chicago Boy and His President

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BERLIN/BRASÍLIA (Own report) – German business circles are placing high hopes on Brazil’s President-elect Jair Messias Bolsonaro pointing to the economic program of Paulo Guedes, designated to head a super ministry. During Augustino Pinochet’s military dictatorship, he was a professor at the University of Chile and his program resembles the economic policy of the Chilean Junta. Since about a year, Guedes has been Bolsonaro’s advisor. The Brazilian business community is hailing Bolsonaro, particularly the National Confederation of Industry (CNI), where German businesses hold strong positions. CNI is the Brazilian partner of the Federation of German Industries (BDI). German companies had already cooperated with the Brazilian military dictatorship. Bolsonaro’s victory is a deathblow to the policy of cautious redistribution in favor of impoverished segments of society, pursued by Presidents Lula da Silva and Dilma Rousseff. This policy was essentially ended with the May 2016 cold putsch – under applause of German business representatives.

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Brazilian President Dilma Rousseff ousted in impeachment vote

President Dilma Rousseff was stripped of her office Wednesday in the culmination of a political crisis that has left Latin America’s largest nation adrift, with an economy in deep recession and a public sharply divided over the country’s future.

Rousseff was impeached on arcane charges having to do with violating budget laws. But she was swept up in a tide of revulsion against Brazil’s political class as the once-flourishing economy contracted and political parties were tarred by a massive corruption scandal.

Wednesday’s 61-to-20 Senate vote closed out an extraordinary 13-year rule by the leftist Workers’ Party, which boasted of lifting tens of millions of Brazilians out of poverty before the economy began to nosedive and its political fortunes soured. Continue reading

Brazil President Rousseff Suspended, To Be Put On Trial After Losing Impeachment Vote

For more on Rousseff and her Communist past, see HERE. She’s clearly more than a “one-time guerrilla fighter”.

 

In a vote whose outcome was largely expected, moments ago the Brazilian Senate concluded a marathon 21 hour session with a 55 to 22 vote to suspend President Dilma Rousseff from office to face an impeachment trial, ushering in a new government to take command of Latin America’s largest economy. Rousseff will be tried on allegations she illegally doctored fiscal accounts to mask the size of the budget deficit.

When officially notified later on Thursday morning, Brazil’s first woman president will be suspended, ending 13 years of rule by the leftist Workers Party, and the “market friendly” Vice President Michel Temer will become acting president during her trial. Continue reading

In crushing defeat, Brazil’s Rousseff moves close to impeachment

BRASILIA (Reuters) – Brazil’s leftist President Dilma Rousseff suffered a humiliating loss in a crucial impeachment vote in the lower house of Congress on Sunday and is almost certain to be forced from office months before the nation hosts the Olympics.

Fireworks lit up the night sky in Brazil’s megacities of Sao Paulo and Rio de Janeiro after the opposition comfortably surpassed the two-thirds majority needed to send Rousseff for trial in the Senate on charges of manipulating budget accounts.

The floor of the lower house was a sea of Brazilian flags and pumping fists as dozens of lawmakers carried in their arms the deputy who cast the decisive 342nd vote, after three days of a marathon debate. Continue reading

China’s Push Into ‘America’s Backyard’

The United States has been quite vocal about its “pivot to Asia,” but as Washington seeks to further its influence in the Asia-Pacific, China has been quietly upping its own importance to Central and Latin America. Now China is making a push to further its engagement with countries in the Western Hemisphere, as evidenced by the announcement of a new dialogue mechanism. The Community of Latin American and Caribbean States (CELAC), which met in Cuba from January 28 to 29, adopted a statement announcing the establishment of a China-CELAC Forum. Continue reading