Archive for May, 2016

Marks, set … govern!

Brazil's Vice President Michel Temer speaks during a meeting with members of the Party of the Brazilian Democratic Movement (PMDB) in Brasilia May 7, 2015. For the last 20 years, Brazil's largest political party has not once fielded a presidential candidate, content to partner with the eventual winner to retain a share of power. No longer, it appears. The Brazil Democratic Movement Party is reviewing its policy program and preparing to abandon the decade-old alliance with President Dilma Rousseff's ruling left-wing Workers' Party and before the 2018 election, where it plans to field its own candidate, party sources tell Reuters. Picture taken May 7, 2015. REUTERS/Ueslei Marcelino  - RTX1D4FD

Brazil tries a new Olympic event: the fiscal dash

Interim President Michel Temer has grabbed the baton from hapless Dilma Rousseff less than 90 days before the Rio games begin. That’s also roughly how long he may have to get fiscal reforms moving in Latin America’s No. 1 economy before political discord or scandal slow him down.