Showing posts with label Lula. Show all posts
Showing posts with label Lula. Show all posts

Sunday, October 28, 2018

Waters Squeezes in Perfectly Legal Message

Last night in Curitiba, Brazil. See, it was unlawful to campaign after 22h00 so at 21h58 a multi-part message appears on the concert screen to remind fans of this fact and to urge them to prevent fascism from taking over their country in the general election today. Also included in the message was the slogan used to motivate the movement against seeing Bolsonaro occupying the Planalto in the coming days: Ele Não! (Not Him!). Not too sure that this attempt of the 75-year old rockstar will be enough though as the right-wing candidate still has a double-digit lead over his rival, Mr. Haddad. Indeed the fact that Brazil has just been in one of its worst recession ever and the law and order situation seemed to have got out hand – 17 of the 50 cities with the worst crime rates are in the huge South-American nation – doesn't favour the election of candidate of Lula's party.

Marine Le Pen must be watching all of this and thinking she'll be calling the shots in about three and half years. And blessing failed policies.

What do you think the flat tax is eventually going to make happen in Mauritius?

Thursday, October 21, 2010

The Bumper Crop That Wasn't

You already know what Shaitanomics did to our savings rate. Here's something else to confirm that you've been taken for a bean-counting ride for too long.

On December 13th 2005 given that the economy was looking good in Brazil the Lula government announced that it would be paying back its USD15.5 billion IMF loan in advance. Argentina followed suit a couple of days later with a similar announcement. That's also what Lutchmeenaraidoo did in the 80s after he bewitched cyclones into avoiding Dodoland.

Compare this to Mauritius contracting billions of rupees of Bretton-Woods debt during the so-called bumper crop. That too after receiving tens of billions of FDI.