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June 09, 2011


Jake B

It's sad to see how biased you became since you returned to the US...
Inflation is not rising, it's declining:
Actually, Brazil has by far the highest real inteest rate in the world (interest rate - inflation); compare that to the *negative* real interest rate in the US and EU and how sustainable that is.

The firemen have been freed by now; see this poll also:

Again, sad to see how your once balanced reporting is turning so sour since you're return to problem-ridden United States of America.

Note: I'm not Brazilian; I'm a citizen of problem-ridden Europe.

Jake B

PS cause and effect, start looking for causes of worldwide problems back home:

Rio Gringa

Hi Jake,

This post was written earlier in the week, before the firemen were freed. I'm not sure what the poll has to do with anything.

Inflation in Brazil is on the rise, it's a known fact. That article you posted is specifically about this past week, saying weekly inflation is down in 7 cities. Not at all the same thing.

I'm sorry to say you're quite mistaken.

Jake B

1. Inflation *expectations are lowered for a *fourth* straight week:
"Brazilian economists lowered their 2011 inflation forecast for a fourth straight week as the cost of raw materials eased."

You claim "Brazil inflation is on the rise". So that means you are as sure as can be that 2011 inflation of Brazil will top 7% (it is now 6,23%)? Or what?

Inflation in Belgium is now 3,2%; that is a delta of 3% compared to Brazil, a historic low. Yet, GDP growth in Belgium is anemic compared to growth in Brazil.

You could do the same exercise for the US: take the historic delta between US inflation versus BR inflation and compare that with the delta between US GDP growth and Brazil GDP growth: put that in a graph and then tell your readers where things are worsening: Brazil, Belgium, the US,...

Tá claro?

2. The poll simply outlines that your sensational lines are hollow:
"The crisis has the potential to go national, and the Minister of Justice will meet with Rio officials to try to bring an end to the situation."

Besides, I wished firemen in Belgian would go on the streets to demand a wage raise from 413 € (950 R$) to 890 €. Quite not possible, they already earn +1.800 €. If they go on the streets in Europe it's to protest against the extention of the pension age from 55 to 62 and beyond. Choose yourself which side you prefer to be on.

Paz e Amor.

Jake B

Gringa, your May 13 biased post also needs an update.
"Every so often, a story will come out in the American or European media about the World Cup and Olympics preparations in Rio. Sometimes, it's about how things aren't going quickly enough ...".
Nono, this time it's actually about the IOC officials being happy with the preparations of the 2016 games":
Today in Sports Illustrated
"IOC officials left Rio de Janeiro impressed by preparations for the 2016 Olympics, saying the city had made great strides on its infrastructure projects."

Understand why I point to that irritating one-sided tone; why not compare the US where you life in and Brazil you visited in a such more objectivated way instead of critizing so unidimensional from the other side?


I glossed over that Al Jazeera post on the decision regarding Battisti. And it doesn't seem the author believes nationalism had anything to do with the court's attitude. In fact, he adduces realist calculations - the opposite of nationalism - as one of the factors behind the decision. And why should nationalism be involved in the court's decision regarding a man who's not even Brazilian and whom the overwhelming majority of Brazilians don't care about either way? It should be reminded that, when Salvatore Cacciola - a banker charged with fraud - fled Brazil for Italy, the Italians also refused to send him back (he was a dual Brazilian and Italian citizen). He was only sent for trial in Brazil after he briefly left Italy for Monaco. Thanks Princess Caroline and Interpol!

As for inflation, it should be noted that this is not a Brazilian problem only. Many countries around the world, even the slow growing ones such as the UK and Japan, have experienced it. This has much to do with financial manipulations in the capital markets. Be that as it may, Brazilian inflation remains high only on an annual base. Monthly inflation, however, has been falling since February. See the IPCA index on the IBGE website.

Jake B

You are actually not letting through my previous 2 comments; censorship? Why?

Rio Gringa

Jake, honestly I'm not sure how to respond. Please be patient with comments as I do not check them more than once a day. What I do is take the news and comment on it. Sometimes I compare things to the US, sometimes I don't, but lately I haven't been. I think that's an important distinction to make because I DO want to focus on Brazil and what's going on there, rather than constantly compare it to the US or Europe. Things in the US are a hot mess, but there are plenty of talented bloggers already writing about it. I leave that to them. This has nothing to do with "taking sides" at all. I take real stories and comment on them -- I'm not into romanticizing, I'm into reality.

@RFS thanks for the tip about IBGE, I'll check it out for my update this week.

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