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Brazil's Rio state declares financial disaster before Games
Yahoo AP ^ | June 17, 2016

Posted on 06/18/2016 1:53:46 AM PDT by SMGFan

The acting governor of Rio de Janeiro state has declared a state of financial disaster so he has more leeway to manage the state's scarce resources less than two months Brazil hosts the Olympic Games.

Francisco Dornelles announced the decision on Friday. It will allow Rio's state government to change its budgetary priorities without disrespecting Brazil's fiscal laws.

The move will let Dornelles adopt exceptional measures to pay costs related to the Games as the state grapples with the country's economic recession.

The 2016 Summer Olympic Games will be held in Rio de Janeiro on Aug. 5-21.

(Excerpt) Read more at yahoo.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
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To: CIB-173RDABN

That and the fact that the International Olympic Committee has dained trans genders will be allowed to participate as their chosen gender will lead to the collapse of the Olympic format.


21 posted on 06/18/2016 5:27:29 AM PDT by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: SMGFan
Don't forget Antarctica!
22 posted on 06/18/2016 5:33:48 AM PDT by Cowboy Bob
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To: pepsionice

Wonder how the pundits will work to make this look like it was all because of Donald Trump or George Bush


23 posted on 06/18/2016 5:54:59 AM PDT by rovenstinez (Har)
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To: Cowboy Bob

We seem to have some sort of big problem with each quadrennial move of the games.

My suggestion: build a great facility in Greece and have summer games there, period. Winter, I don’t know, the ancients had no winter games, but surely we can find a suitable permanent home.

Then we concentrate on the events and the athletes.


24 posted on 06/18/2016 6:21:27 AM PDT by Barkeep99
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To: VTenigma

True - Like everything they touch, Liberals destroy.


25 posted on 06/18/2016 7:21:09 AM PDT by CIB-173RDABN (The government is the problem, not the solution.)
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To: SMGFan

BRAZIL: a Terry Gilliam production.


26 posted on 06/18/2016 9:11:06 AM PDT by Colinsky
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To: pepsionice

Brazil wasn’t developed enough to be able to host the games. If they wanted to host in South America, they should had gone with Chile, which is the most prosperous country on the continent.


27 posted on 06/18/2016 11:16:10 AM PDT by MinorityRepublican
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