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Archive for September, 2012

Not that one ever needs an excuse to go to Rio, but here’s a good one:  The Rio de Janeiro International Film Festival is flooding this beach-obsessed metropolis with some 400 movies, including new offerings from top directors like Francis Ford Coppola and Steven Soderbergh.  It’s a long way to travel to see a movie, but it’s worth it.

Read Jenny Barchfield’s Miami Herald article here:

http://hrld.us/QoWCYt

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You can no longer call Brazil a lawless place.  Brazil’s government says a law outlawing militias has taken effect.

 

Under the measure published in the official gazette, “organizing, being part of or maintaining” a militia or other paramilitary organization is now punishable by four to eight years in prison.  Before the law was passed, militias were merely frowned upon.

Read The Associated Press’s article here:

http://hrld.us/NXjhhM

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Carlos Slim, look out.  Bill Gates, make way.  Sultan of Brunei, step aside.  In a continue effort to become the world’s richest man, Brazilian billionaire Eike Batista is selling the best performing of his six publicly traded companies in an effort to raise cash after his commodities and energy empire had a combined $458 million net loss in the second quarter.

Batista, whose net worth plunged $12.5 billion since March after delays at his oil startup triggered a stock selloff, is negotiating to sell shipbuilder OSX Brasil SA (OSXB3) to Sete Brasil Participacoes SA in exchange for a stake in the oil-rig contractor, according to two people with direct knowledge of the matter. The talks follow an agreement to sell a 49 percent stake in Batista’s AUX gold business to the Qatar Investment Authority for about $2 billion, a person with knowledge of the transaction told Bloomberg in June.

Read Juan Pablo Spinetto and Cristiane Lucchesi’s Bloomberg article here:

http://bloom.bg/TBzX1B

Presented by Miami International Business Attorney

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On the one hand, it’s very difficult to monitor and modulate the behavior of each and every one of your employees.  However, when you put on the flag of your country, you take on the role of an international ambassador and you must behave accordingly.  If you fail in doing so, you deserve whatever consequences are doled out upon you.

In an effort to mitigate the shameful behavior of the Rio 2016 Committee Employees in London, Minister Aldo Rebelo said the Rio 2016 committee acted “correctly to investigate the incident” and fire its 10 employees who downloaded the internal documents without authorization during the London Games.

Rebelo, the government official in charge of overseeing Brazil’s World Cup and Olympic preparations, said in a statement that the employees’ behavior does not represent the relationship of “trust and harmony” between the countries hosting the Summer Games.

Read CBS Money Watch article here:

http://cbsn.ws/QFk4B6

Presented by Miami International Business Attorney

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Americans tend to think of ourselves as the big “Melting Pot”.  Well, if you’ve ever been to Brazil, you soon realize that their pot melted so much it became a mold.  And, according to Yale professor of ecology and evolutionary biology Stephen Stearns, the mixed Brazilian ethnicity is the prototype for what the rest of the world will become.  Stearns says globalization, immigration, cultural diffusion and the ease of modern travel will gradually homogenize the human population, averaging out more and more people’s traits. Because recessive traits depend on two copies of the same gene pairing up in order to get expressed, these traits will express themselves more rarely, and dominant traits will become the norm. In short, blue skin is out. Brown skin is in.  A population forged from the long-term mixing of Africans, Native Americans and Europeans serves as an archetype for the future of humanity, Stearns said: A few centuries from now, we’re all going to look like Brazilians.  However, what will Brazilians look like when we all look like Brazilians?

Read Natalie Wolchover’s LiveScience.com article here:

http://yhoo.it/ScakS5

Presented by Miami International Business Attorney.

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Many of the pundits have been warning of a BRIC slowdown for quite some time.  Well, due to the economic crisis experienced by the developed countries, Brazilian export targets for 2012 are set to be missed for the first time since they were first introduced in 2003.  The slowdown is attributed to a crash in the global price of iron ore, one of Brazil’s key exports. With sales from January to August totaling US$160.5 billion, Brasilia has admitted the US$264 billion target for the year is unlikely to be met.

Read Ben Tavener’s The Rio Times article here:

http://bit.ly/S2x2I7

Presented by Miami International Business Attorney.

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One more example of how the public service sector in Brazil is in deep need of a reform, Brazilian public notary Claudia do Nascimento Domingues set off a firestorm by granting Brazil’s first civil union to a trio, an act so unprecedented that there isn’t a word for it in Portuguese. Uniao poliafetiva is the label she created. “Polyfidelitous Union” is her best guess in English.  The trick is, she isn’t a Mormon.

Read Mariano Castillo CNN article here:
http://bit.ly/NmmFlS

Presented by Miami International Business Attorney.

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