Inmates from a Brazilian prison in the south-eastern state of Minas Gerais can now shorten their sentences simply by cycling every day, reported the Associated Press on Tuesday, after the prison installed stationary bikes that can store and generate electricity for the small town of Santa Rita do Sapucai.
Political leaders from less-developed nations in Africa and the Caribbean will take sponsored flights to attend the upcoming Rio+20 Earth Summit in Brazil, reported Bloomberg News on Monday, after the Brazilian government offered to provide free airlifts to poorer nations in order to boost attendance at the event.
The Brazilian government will issue free tickets for the upcoming 2014 World Cup Finals to its poor and indigenous people, said The Independent on Tuesday, with authorities planning to do the same for the 2016 Rio Olympics.
The Brazilian military plans to increase its presence in the Amazon region in order to protest the massive amounts of natural resources from any external threats, said Defence Minister Celso Amorim on Thursday.
Presently, Brazil’s navy patrols the Amazon’s river basin and its 7,49km coastline with a blue-water force developed under the National Defence Strategy unveiled in 2008.
The Brazilian government rolled out more tax cuts and other relief packages for ailing industries on Tuesday, after President Dilma Rousseff claimed that “predatory competition” from big exporters like China and the U.S. were harming the nation’s economy.
Speaking to business leaders in the Brazilian capital of Brasilia, Rousseff said that the new measures were necessary in order to revive the nation’s economic growth, after it slowed to just 2.7 percent growth last year compared to 7.5 percent growth in 2010.
Private equity firms and hedge fund managers are finding this year’s investments in Brazil. Brazil’s exchange is now the fourth-largest in the world by market value. Hedge funds trading liquid instruments, and private-equity firms cashing out their investments via IPOs are seeing big bonuses in Brazil.
BM&FBOVESPA, Brazil’s main stockmarket summed up Brazil’s booming investments earlier this month.
Dilma Rousseff was elected Brazil’s first female president on Sunday, as the country voted strongly in favor of continuing the economic and social policies of the popular president, Luiz Inácio Lula da Silva.
Ms. Rousseff, 62, defeated José Serra, the former governor of São Paulo, with 56 percent of the vote to 44 percent, official numbers showed.
In choosing Ms. Rousseff, who has no elected political experience but served as Mr. da Silva’s chief of staff and energy minister,
For Raimunda Gomes da Silva, the impending construction of a huge hydroelectric dam here in the Amazon is painful déjà vu.
About 25 years ago, the building of another dam more than 200 miles east of Altamira flooded her property,
driving a plague of poisonous snakes, insects and jaguars onto her land, she said, before submerging it completely.
Now, after starting a new life here, the government is telling her she needs to leave again,
A research study published in 2004 observed that foreign direct investment in Brazil had played a significant part in the country’s industrialization process in the past few decades. FDI inflows into Brazil were attracted mostly by the size of the vast domestic market and also by favorable government policies.
It has been observed that the FDI inflows into Brazil favored the capital intensive or technology intensive industrial production sectors of the economy. Of late the Brazilian services sector has also started garnering FDI inflows.
