Category: Politics
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Donald Trump: Time’s 2024 Person of the Year
In a year marked by unprecedented political drama, economic changes, and global uncertainty, Time magazine’s choice of Donald Trump as its Person of the Year 2024 seems almost inevitable. Whether admired or criticized, Trump’s influence on the American political landscape, as well as his global impact, remains undeniable. The decision to name him Person of…
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Central Bank of Brazil says it will not interfere in the depreciation of the real
The director of monetary policy and future president of the Central Bank of Brazil, Gabriel Galípolo, stated that the institution will not interfere in the depreciation of the country’s currency, the real. He added that the floating exchange rate is one of the pillars of the country’s economy. This Monday, December 2, the Brazilian real…
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What Role Do Small Businesses Play in the American Economy?
The development of small businesses in the U.S. declined in the four decades before the pandemic — but since 2020, this segment of the private sector has driven most job creation.What is considered a small business?The Small Business Administration (SBA) generally defines any independent business with fewer than 500 employees as a “small business.”How many…
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Poverty and Extreme Poverty Reach Lowest Level in Brazil Since 2012
Brazil ended 2023 with the lowest levels of poverty and extreme poverty recorded since the Social Indicators Synthesis began in 2012, by IBGE, the government statistics agency. However, despite this improvement, data released on Wednesday in December revealed that 58.9 million people still live in poverty, with 9.5 million in extreme poverty. The study focuses…
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Most of the Brazilian Atlantic Forest Has Less Than 30% Native Vegetation
The Atlantic Forest is the biome that has undergone the most significant changes in land cover and use in Brazil between 1985 and 2023. Over 39 years, its territory recorded a 91% increase in agricultural area, but also a recovery of native vegetation in 45% of municipalities after the implementation of the Forest Code in…
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Brazil Approves Spending Cuts, But Financial Markets View Changes with Pessimism
Brazil recently approved a Constitutional Amendment that cuts government spending. The amendment makes changes to mandatory revenues with the aim of improving the federal government’s fiscal balance. Among the changes are those that allow adjustments to the salary cap for public servants, the rules for granting the Continuous Cash Benefit (BPC), the salary bonus, the…
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Brazil Expects Record Summer for International Tourism
The Brazilian tourism authority, Embratur, expects the summer of 2025 to be a record season for international tourism both in Brazil and in Rio de Janeiro. From January to March next year, 4.5 million seats will be available on international flights to Brazil, the largest number in history, the agency reported. The countries that stand…
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Reconstruction: Lula Says “2025 Is the Year of Harvest”
President Luiz Inácio Lula da Silva highlighted, in a year-end interview, that the population will reap the results of the restructuring and relaunching of programs and policies that have been resumed and implemented since the beginning of his administration.
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Real Hits Historic Low and Exceeds R$6.30
The real is plummeting. Never before has the Brazilian currency been so weak against the US dollar since its creation in 1994. The Brazilian currency reached its weakest mark ever, R$ 6.3139 against the dollar on Wednesday (18). Weighing even more on the real, the US Federal Reserve cut interest rates and signaled it will…