Search Results for: brazil

Brazil’s acting president was informant for US intelligence, military

Brazil President Michel Temer

Brazil‘s new interim president, Michel Temer, was an embassy informant for US intelligence, WikiLeaks has revealed. According to the whistleblowing website, Temer communicated with the US embassy in Brazil via telegram, and such content would be classified as “sensitive” and “for official use only.”  Two cables were released, dated January 11, 2006 and June …

Read More »

Rio Olympics overshadowed by corruption, zika and incompetence

Rio Olympics

After seven years of preparation and 12 billion US dollars the Rio Olympics are nearly upon us. We always knew that these Olympics were going to be a little seat of the pants but the story of these Olympic preparations are almost beyond belief. With statistically two of the greatest …

Read More »

Brazil, Uruguay move away from US dollar in trade

USD dollar

Brazil and Uruguay have switched to settling bilateral trade with local currency to stimulate turnover, bypassing the US dollar. Payments in the Brazilian real and Uruguayan peso started on Monday. The agreement was signed on November 2 by the head of Brazilian Central Bank Alexandro Tombini and his Uruguayan counterpart …

Read More »

Dilma Rousseff: Brazil votes to impeach president

Brazilian president Dilma Rousseff impeachment

Brazilian president Dilma Rousseff suffered a crushing defeat on Sunday as a hostile and corruption-tainted congress voted to impeach her. In a rowdy session of the lower house presided over by the president’s nemesis, house speaker Eduardo Cunha, voting ended late on Sunday evening with 367 of the 513 deputies backing impeachment …

Read More »

Are the Olympics worth the cost?

Olympic Games waste money

By Filip Karinja Making up the ‘B’ in the new BRICS trading block, Brazil is considered to be one of the world’s leading economies. Yet, in recent times, the South American nation has been plagued by political and economic turmoil. Now that the closing ceremony is over and the athletes have gone to …

Read More »

Rio de Janeiro is out of money ahead of Olympic Games

Rio de Janeiro

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 …

Read More »

Deforestation of Amazon jungle increases by nearly a third in one year

Amazon deforestation

Deforestation in the Amazon increased by nearly a third over the past year, according to Brazilian government figures released on Thursday. The data confirms a feared reversal in what had been steady progress over the past decade against destruction of the world’s largest rainforest. Satellite data for the 12 months through …

Read More »

Brazil: largest protests in decades as unrest hits second week

Brazil protests

Mass protests continued throughout Brazil on Monday, with hundreds of thousands of demonstrators converging in Sao Paulo, Rio de Janeiro, Belo Horizonte, the capital of Brasilia and other cities. Protests initially began last week following a government announcement of an increase in public transportation costs, which brought out students and …

Read More »

Crisis spreads to China, Australia, Brazil, Canada, Sweden

Financial crisis

Earlier today, we posted an excerpt from IceCap Asset Management’s latest letter to investors focusing on the farce that is the Greek bailout #3. Which can be summarized simply by the following table… … and Keith Dicker’s assessment which was that “for Greece, it’s mathematically impossible to repay its debt” and that …

Read More »

World Cup 2014 photos

Cristiano Ronaldo Portugal World Cup

Brazilians are angry. They are angry with their government for pumping millions of dollars into the funding of an eight-week extravagance. They are angry that money being spent on the World Cup is desperately needed for education, sanitisation, hospitals and the eradication of violence, drugs and weapons from their streets. …

Read More »

Latin America stands up to Monsanto

Chile Monsanto

The market with the biggest potential for growth, as far as corporate agriculture is concerned, is putting its foot down and saying no. Chile, Colombia and a growing number of other Latin American countries are taking a stand against Monsanto and its ilk by rejecting advancements to further convert their …

Read More »

Exposed: NSA plays key role in “US assassination program”

Jeremy Scahill and Glen Greenwald

American investigative journalists Jeremy Scahill and Glenn Greenwald say they have teamed up to prepare a report on the National Security Agency’s role in what one of them described as the “US assassination program.” “The connections between war and surveillance are clear. I don’t want to give too much away …

Read More »

New study links over 7,000 cancer deaths to cell phone tower radiation

Cell phone tower

Could exposure to radiation from cell phone towers really responsible for over 7,000 cancer deaths? According to research findings from Brazil, the facts speak for themselves. The study established a direct link between cancer deaths in Belo Horizonte, Brazil’s third largest city, with the cell phone network. What does this …

Read More »

US robots and Israeli drones to be used in 2014 World Cup in Brazil

Brasil World Cup 2014 Israeli drones to fly

PackBot 510 Brazil has added 30 US military robots to the Israeli drones and ‘Robocop-style’ glasses with face recognition cameras to its arsenal after the country allocated $900 million to make 2014 World Cup “one of the most protected sports events in history.” The 30 PackBot 510 units, which usually …

Read More »

Ex-Brazil president practiced black magic: ex-wife

Brazil President Fernando Collor de Melo

The ex-wife of former Brazilian President Fernando Collor de Melo claims he practiced black magic rituals while governing Brazil from 1990 to 1992. “They (Collor de Melo and the group of advisers closest to him) performed black magic rituals but not with my participation, because in some things I did …

Read More »

Brazilian newspapers give ‘freeloader’ Google News the boot

Google

Over 100 of Brazil’s main newspapers have blocked internet giant Google’s news service from using their content. They say Google News has actually reduced their site traffic and benefits commercially from material it has refused to pay for. The 154 publications that make up Brazil’s National Association of Newspapers, known …

Read More »

Another world leader cancels on Obama due to NSA spying

Dilma Rousseff

Brazilian President Dilma Rousseff has postponed a state visit to Washington in response to the US spying on her communications with top aides. Rousseff is demanding a full public apology from President Obama. Barack Obama spoke with Rousseff on Monday in an attempt to persuade her into following through with …

Read More »