Brazil Enters a Recession and Officials are Divided Over How to Resolve It

by Silvio Ramirez Brazil is South America’s largest economy, the seventh largest economy in the world, and was considered, for many years, as a favorite for investors. For the past decade, Brazil has benefited from a global commodities boom. During President Luiz Inacio Lula da Silva’s two terms in office, Brazil enjoyed rapid economic growth… Read More Brazil Enters a Recession and Officials are Divided Over How to Resolve It

Despite protests and widespread scrutiny, Brazil continues to face ‘giant’ dilemma

A culture of corruption and a weak judicial system hinder Petrobras probe by Enrique Xavier López In Giant—George Stevens’ 1956 Hollywood blockbuster—oil tycoon Jett Rink, played by 24-year-old James Dean, is a man blinded by greed and corruption. In this classic rise-and-fall story, Rink is able to extend his wealth and influence beyond the oil business,… Read More Despite protests and widespread scrutiny, Brazil continues to face ‘giant’ dilemma