News from Brazil

Brazil Weekly´s Brazil Regional News

In Brazil on March 23, 2012 at 2:10 pm

PROJECT OF THE WEEK

Render of the future Exhibition and Event Centre for Fortaleza (Skyscrapercity).

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FIFA WORLD CUP

Congress postponed a key World Cup bill again, a move that is likely to frustrate officials of football’s governing body who say its passage is crucial to preparations for the 2014 World Cup (Reuters).

PARA

Para, the Brazilian state where Vale SA has a third of its iron-ore output, will introduce a mining tax next month as governments worldwide seek to increase revenue from the exploitation of natural resources (Bloomberg).

RIO

Almost one and a half years after occupation by the Brazilian Army, the favelas of Complexo do Alemão and Penha in Rio’s Zona Norte (North Zone) are still awaiting the installation of Police Pacification Units (UPPs). The transition, which was originally scheduled for October 2011, had been delayed by Governor Sergio Cabral, allowing the army personnel who form the ‘peace force’ to remain for some time longer (The Rio Times).

TV Globo’s Sunday-night news-magazine program, “Fantastico,” is one of Brazil’s most popular shows — a breezy mixture of entertainment and in-depth reporting that is something of a national institution. It’s the investigative reports that grab headlines, and none more so than last Sunday’s 22-minute expose of the fraudulent ways in which companies competed to get lucrative contracts with a public hospital in Rio de Janeiro (Bloomberg).

Thor Batista, the son and heir apparent of Brazil’s richest man, is being investigated for possible manslaughter after he ran over a cyclist on a highway outside Rio de Janeiro on the evening of March 17, the city’s police said (Bloomberg).

SAO PAULO

São Paulo, Brazil’s richest state, plans to raise up to 600 million reais ($328 million) from the sale of notes backed by tax liens, the first of its kind in the country, which may spur a flurry of similar deals by other regional governments, two sources with direct knowledge of the transaction said (Reuters).

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