Brazilian investors, putting hope once again over experience, have doubled the price of the preferred stock of the Petrobras oil company since January, even as Petrobras sells off assets to pay down debts.
The U.S. mainstream media claimed that new Brazilian President Michel Temer represents a "new start" for Brazil. But nothing in that country is likely to change for the better.
As expected, the Colombian Marxist traitor, President Juan Manuel Santos, has concluded the peace of the cemetery with the bloody communist guerrillas on August 24, 2016 in Havana, Cuba, after nearly four years of negotiations. The agreement is a complete and shameful surrender to the bloody communist rebels of the Revolutionary Armed Forces of Colombia (Fuerzas Armadas Revolucionarias de Colombia, known as FARC), who are responsible for more than 200,000 deaths, tens of thousands of injuries, and millions who were forced to abandon their homes during more than half a century of conflict assisted in every way by the Cuban regime. The agreement will not bring peace, but a future communist takeover as happened in El Salvador.
As President Dilma Rousseff takes the stand in her defense during her impeachment trial in Brazil (for corruption), Americans might be heartened to learn not all the crooks are in Washington.
When Venezuelan President Nicolas Maduro allowed his citizens to travel to Colombia, thousands of Venezuelans crossed the border to buy what they could because socialist price and food controls in their country are causing severe shortages and starvation.
Brazil’s upper house, following 16 hours of speeches and rancorous debate, voted 59-21 to begin the impeachment trial of the country’s president, Dilma Rousseff.
With reports of dead bodies and excrement floating in the water, the threat of Zika, and the Russian doping scandal, the Rio Olympics appears the Frankenstein of athletic events. And now Rio seems dopey in another way: Owing to political correctness, a runner with, reportedly, no uterus or ovaries but internal testes will be allowed to compete with women.
If Venezuela’s Marxist dictator, President Nicolas Maduro, can remain in power until January 10, 2017, staving off a recall referendum, then he will remain the country’s leader for the foreseeable future because he controls all aspects of the political machine.