'The Most Popular Politician on Earth'
For nearly seven years, he's done a spectacular job as Brazil's president. But can Lula resist the temptation to throw it away?
He grew up so poor, he didn't find out what bread was until he was 7. That was Lula's age when he climbed onto a flatbed truck with his Brazilian dirt-farmer family and all their possessions and made the 1,900-mile journey from the country's northeastern dustbowl for a life in the slums of São Paulo. He dropped out of school in the fifth grade, shined shoes on the street, and went to work in a factory at 14, losing a finger to a lathe in an accident on the graveyard shift at an auto-parts plant. Eventually he rose through the rank and file to become an internationally respected union leader. A military junta ruled Brazil back then, and strikes were illegal, but he defied the generals and the bosses and practically shut down the continent's industrial powerhouse in the name of the steelworkers.
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“World Champions Baby, Yeah!!”
Something amazing happened in Formula 1 in Brazil yesterday. The result that occured had long been expected, even from the first race back in Australia, but yesterday Brawn GP and their British driver Jenson Button proved all of their doubters wrong, by becoming World Champions.
Brawn were clearly the underdogs going into this Formula 1 season. Their previous owners Honda had decided late in 2008 that they were pulling out of the expensive sport, leaving a team without financial backing, or an owner. At the last minute Ross Brawn stepped in with a management buyout, putting everything he had on the line. The team still had it’s drivers, Jenson Button and Rubens Barrichello. They stuck with the team despite the uncertainty, trusting Brawn would pull the team through.
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The selection of Rio de Janeiro to host the 2016 Summer Games is the latest indication of how wrong the critics were. Brazil's economy is projected to grow by 5% or more next year. Its stock market has risen more than 30% this past year while those in most developed nations have fallen. And, in addition to the Olympics, it gets the other global sports spectacle, the World Cup, in 2014.
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Mangueira
is much more than a traditional samba school. This school is one of a kind in the way that they manage to show true neighborhood support and the ability to help a community and its members succeed with pride all year long. These lovely dancers not only train year long to create the perfect story they also work within the community to better Rio de Janeiro and the neighborhood they have considered home for so long.
Samba schools took longer to rise from the poorer neighborhoods in Brazil but like more influential neighborhoods they less fortunate managed to rise and make their ability to samba not to mention their love for their culture, known.
One of the first schools do to this was Mangueira. Originally in the slums, this samba school was born near a hill of the same name and decided to use it as an offering to their people.
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By Alexander Ragir and Emily Schmall
Sept. 21 (Bloomberg) -- Brazil’s Bovespa index rose as steelmakers and miners climbed on the prospect the recovering economy will bolster earnings, overshadowing declines for banks.
Gerdau SA led gains for steelmakers after Itau Unibanco Holding SA said Brazil’s largest steel producer may outperform on the outlook for “stronger than expected” third-quarter earnings. Vale SA, the world’s biggest iron ore miner, climbed 1 percent after a central bank survey showed Brazil’s economy will extend its recovery from the global financial crisis in the second half of 2009 and won’t shrink for the year overall. Banco Bradesco SA led a decline in financial stocks after Spain’s Banco Santander SA said it aims to raise as much as $7.2 billion by selling shares in its Brazilian business.
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MyTravelAdvice.net ... http://www.mytraveladvice.net/ ... offers destination information and travel advice for more than 2 million destinations from over 12,000 travel experts. When you choose a country or city, you will be matched to up to 3 travel experts who are experienced with your destination. They work hard to give you all the travel advice you can imagine. At the end of the day, you pay only if you decide to purchase a service from one or more of your experts. No play, no pay. It's all strictly on the honor system. Travel research with MyTravelAdvice.net is a no-brainer! It's all from the same company who owns BrazilAmerica.com, your choice for all Brazil Travel and Brazil Tours!
Brazil is One of Few Winners in Global Crisis
The financial market meltdown a year ago brought Brazil's three-year economic spurt to an abrupt halt, silencing those who had previously held that the country would be able to weather any global financial storm because of its strong domestic economy and stable banking system, reformed after the Latin American debt crisis of the 1980s.As raw-material prices plummeted and investor risk-appetite dried up, hopes were quenched that Brazil's economy might be immune to the woes of the global markets. The economy contracted 3.6% in the fourth quarter of 2008 and a further 1% quarter-on-quarter in the first three months of 2009.
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Brazil to become first foreign customer for French jet
BRASILIA (AFP) – France has struck a landmark outline accord to sell 36 Rafale fighters for between four and seven billion dollars to Brazil, potentially the first foreign customer for the expensive jet, officials said.
Brazil's President Luiz Inacio Lula da Silva announced on Monday after meeting French leader Nicolas Sarkozy that advanced contract talks were being held, though French maker Dassault Aviation said it did not expect a final accord until 2010.
France has been seeking a foreign buyer for the multi-role combat jet for more than a decade.
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This was to be the latest in my series of travels for my book-in-progress about entrepreneurship in emerging markets. Brazil was the one place that no one in the Valley was pushing me to visit. In fact, it was the one place my husband had asked me not to visit, having heard many reports of kidnapping and violence. But I was resolutely convinced there was a world of exciting companies and stories and had been looking forward to the trip for months. In fact, I’d spent about four months studying Portuguese and planning the trip.
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Brazil Property News: Brazilian property owners get new minimum wage
September 2009 12:51
Brazil's planning minister Paulo Bernado has announced that the South American country's minimum wage will rise by 8.8 per cent in 2010.
The news was released at the 2010 budget proposal which was presented to congress recently.
Minimum wage increases above the rate of inflation, welfare programs and other social policies have helped boost the Brazilian economy since President Luiz Inacio Lula da Silva took charge six years ago.
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Economy Minister Karl-Theodor zu Guttenberg is hoping German firms can win infrastructure, organization and security contracts to help Brazil prepare for the tournament.
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Unraveling the mystery of Brazil's 'twin town'
Land of twins mysteryA tiny hamlet in Sao Pedro, Brazil has 40 pairs of twins in just one 4 km stretch, CNN finds out why.
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Brazil Property News: Traveling to property in Brazil 'is getting much easier'
August 2009 04:53
Brazilian property owners who live overseas are finding it much easier to travel to the South American country as airlines are increasing the number of services, according to an expert.
Laura Rendell-Dunn, spokesperson for Journey Latin America, said that TAP Portugal have increased its quota of flights landing in the capital Brasilia and various locations in the north-east of Brazil.
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Brazil Field Puts Shell in a Good Spot
GUY CHAZAN
Royal Dutch Shell PLC is the latest in a small group of Western energy companies pumping crude out of Brazil amid intensifying international interest in the country's deepwater oil reserves.
The official launch of Shell's BC-10 oil field Tuesday, off Brazil's southeast coast, comes as the country prepares to approve long-awaited laws on how to regulate its subsalt reserves, a vast resource that has emerged as a kind of El Dorado for the global energy industry.
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Lula: Brazil To Provide $300 Million Financing For Bolivian Highway
PAULO -(Dow Jones)- Brazil will provide financing worth $300 million to the Bolivian government for construction of a highway critical for regional trade, Brazilian President Luiz Inacio Lula da Silva said Monday.
"We will provide financing for the construction of a major highway in Bolivia that will facilitate trade between Bolivia and Brazil and contribute to Brazilian trade with Peru," Lula said in his weekly radio program.
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Brazil Beat China in World GP Women's Volleyball
– Beijing Olympic gold medallists Brazil whipped Athens Olympic champions China in straight sets in the final round of the World Grand Prix women's volleyball tournament on Thursday.
The Brazilians, who saved two match points to beat Russia on Wednesday, scored a 25-21, 25-20, 31-29 victory for their second straight win in the six-team round robin.
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Americans invest in off-shore drilling...in Brazil
Yesterday, the Wall Street Journal broke a story regarding Americans funding off-shore drilling…in Brazil. According to the paper, the United States is loaning Brazil’s state-owned oil company, Petrobras, $2 billion in the form of either a direct loan or loan guarantees. Even more bizarre, we obviously don’t have $2 billion sitting around; we are taking out a loan to make a loan, something similar to speculators and day-traders who put their house at risk to borrow to play the stock market.
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IBM Takes to Brazil
- On Tuesday August 18, 2009, 1:35 pm ED
Russia, India and China (known as the BRIC countries) have been the epicenter of growth and technical innovation over the last few years, although India and China have been the favorites among the technological giants IBM Corp. (NYSE: IBM - News) and Hewlett-Packard (NYSE: HPQ - News). But of late, IBM has decided to take a closer look at Brazil, as it believes that country will be the next big technological destination.
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Aug. 17 (Bloomberg) -- Sugar cane production in Brazil may expand by up to 30 million metric tons, more than previously estimated, in the year beginning May 2010 as a rally in prices encourages planting, the International Sugar Organization said.
Output in the world’s biggest producer may rise from 600 million tons in the 2009 to 2010 marketing year and millers may utilize as much as half of that for sugar production if prices remain competitive against ethanol, ISO economist Leonardo Bichara Rocha said.
“People were estimating cane production to go up by only about 20 million tons maximum 2010-11,” Rocha said in an interview in Bangkok today. “I think that could be larger now due to the fact that planting still hasn’t finished. That means you’d have around 630 million tons.”
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