Posted on 03/17/2016 9:31:18 PM PDT by Citizen Zed
You can't make this stuff up.
A current president shields a former president from investigation by appointing him to her cabinet. Then a judge annuls the appointment.
Billionaires, corporate execs and politicians are jailed in a massive corruption scandal. Huge protests call for the impeachment of the president, Dilma Rousseff. Oh, and the economy is tanking while its stock market is soaring.
This is the story of Brazil.
Once a star economic performer, Brazil is now deep in recession, sparked by the gargantuan bribery scandal at Petrobras, the state-run oil company, and a sharp decline in commodity prices.
Unemployment is rising, inflation is up by double digits and the currency lost 32% of its value last year. At the same time, Brazilian stocks are rallying on hopes that Rousseff will be impeached, giving way to a more investor-friendly regime.
It's been a whirlwind couple weeks for South America's largest country. If you're just catching up, here are some key dates:
(Excerpt) Read more at money.cnn.com ...
So their economy is kinda hitting a BRIC wall.
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Yeah it’s good to be the house. What if half the house is non productive grifters skimming off the take though, with nothing to offer but further degradation, dependency and “tolerance” riots? Free diapers for everybody! Woohoo!
Isn’t Petrobras the Brazilian company that Obama gave several billion dollars to so that it could drill and frac off shore?
All true, caused by Bush and white privilege.
Aka fundamental transformation...
Hope they enjoy their Olympics.
I don’t quite see teetottler Mitt Romney hanging out at Copacabana and Ipanema for any significant duration...
How much in bribes did the Olympic committee get this time around?
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