Lavajato-Not a flash in the pan
Today brings the news of Telcom Oi. Oi is on finiancial dire straits and it seems that it may default on loans from several banks.
Pro business Temer is giving foriegn investers the right to buy 100% of Brasils airlines. No one is rushing in though....
Finally the income gap grows...
Peru's New President Probed in Petrobras Corruption Scandal | News | teleSUR English
Whoa boy!
Brazilian police target former Workers Party treasurer in Petrobras probe | Reuters
lots of folks will be implicated, and all to avoid possible jail. The flagrant ways of some.and everyone will sell the other person out its going to be very busy in the courts.
enjoy the read.
Brazil police launch probe into Panamanian financial institution | Reuters
Who's next as the investigation continues .............
and now we have another group of players taking the field are there enough courts and cells at this rate the lawyers will be busy for years!
Brazil police arrest 19 in Eletrobras nuke-plant bribe probe | Reuters
enjoy the read if one has time.

My concerns are being reflected in my conversations with my Brasilian friends at a party we gave recently. They are becoming numb to the corruption investigations. Some are worried that the damage these investigations are causing will not be survivable.
Basically the people are beginning to accept the "devil you know" argument.
There is some merit to this. A clean sweep of government is required but the system itself is cancer ridden. No one who could fix this has the will.
exnyer wrote:I've noticed that every day brings more corruption news but there seems to be no real light at the end of this tunnel.
My concerns are being reflected in my conversations with my Brasilian friends at a party we gave recently. They are becoming numb to the corruption investigations. Some are worried that the damage these investigations are causing will not be survivable.
Basically the people are beginning to accept the "devil you know" argument.
There is some merit to this. A clean sweep of government is required but the system itself is cancer ridden. No one who could fix this has the will.
You're right - all of this is numbing and exhausting.聽
But I hope you're wrong about one thing:聽 there has to be someone out there who is willing to fix this mess. There must be someone out there who loves Brazil and isn't ready to give up on his country. Nearly every Brazilian that I personally know has said that he or she would move to another country if given the opportunity. With so many people ready to abandon ship the first chance they get, is it any wonder that the ship is sinking?
Offshore Antiguan bank reportedly involved in Brazil鈥檚 biggest ever scandal | Antigua Observer Newspaper
man oh man, somebody call the authorities.
Dude you have just blown my mind!!!!!
Odebrecht bought a BANK to launder money!!!!!!
No wonder he gave up so easily.......wonder who else his bank provided this service for.......
I don't do this often but, I NEED a DRINK NOW!!!!!!!!!

Folha de S.Paulo - Internacional - En - Brazil - Scandal-Hit Petrobras Reels as Corruption Claims Persist - 21/07/2016
and the band played on through the night./ lol
Personally, I would not put my money into Petrobras as long as I knew that the same corruption that existed in the past could rear it's ugly head as soon as things got good again.
I suspect that any investments will come at a high price to Petrobras and that price will be passed on to the consumer. That may not necessarily translate to better service however as the corrupt will look for other means to feed their endless greed.
I know it's an election year. I actually SEE more police on the street, garbage is being picked up, and fresh paint is being applied.
More lipstick until the vote is in.
Brazil's Petrobras sells first pre-salt oil field
Well looks like the paychecks will be on time,talvez. Just greasing the skids for the new players? Waiting on the pilfering to begin.
I am still waiting for the other shoe. i believe that if the rest of the sales go this well, the parasites will take advantage of the lower scrutiny to once again feast.
Vigilance is required.
Brazil's Temer asked corrupt tycoon for financial aid: report
I wonder how far this will go for one is singing and some will harmonize and a lot of folks will be crying?

exnyer wrote:Temer got Booed opening day. That is the theme song of his "leadership"
No say it ain't so. I also read that some heads of state were not attending for the uncertainty of who's really in charge, I also read that Temer was to speak in the earlier part of the ceremony yet for the fear of being jeered the program was changed I think it was kinda Cowardly for right is right and wrong is right or left ah who knows for the phat lady.馃憚 has not sung yet. 6 of 1, half dozen of the other. Can we say Coin To$$./ ?
Gotta feel bad for him. After working so hard to position himself as president during the Olympics, and he can't enjoy it.
Water, water everywhere......you know the rest.
Brazil鈥檚 Corruption Probe Causing Paralysis, GE鈥檚 Rice Says
Turn out the lights, the party has just begun, that's it nobody leaves until they fess up/lmbo

I strongly doubt the validity of the numbers being thrown around. The majority of jobs lost were in the public sector. Construction numbers may have seen a spike once work on the Olympic venues stopped but that's to be expected.
I hope the Brasilian people continue to support this effort. It's future depends on it.
Interim President Michel Temer asked his allies in Congress to temporarily suspend voting on bills that would readjust salaries for public servants and wants to bar a salary increase for Ministers of the Federal Supreme Court.
Brazil's ousted AG says government tries to stifle graft probe: magazine
Ouster of Brazil Lawmaker Could Open Political Pandora's Box - ABC News
I wonder why they all turned on this guy. And who will be implicated,indicted and convicted. For Whom the Bell Tolls only the Shawdow knows.
I like this article better it sums up all the misgivings.
The Most Powerful -- And Corrupt -- Politician in Brazil Finally Has Mandate Ended
I am not a betting man. Just saying
We went home for聽 a vacation so no checking in.聽 I see that they are going to break up Lavajato in smaller investigations. Get me up to speed here. Will Moro head EACH investigation? Will someone be appointed "Special Procecutor"? or is this a way to dilute the success?
Back home the news was all about TRUMP! I leave the USA alone for a few years and look what happens

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