Political Mayhem Adds To Olympic Woes

Brazil | Despite the optimistic expectations in 2009, when Rio de Janeiro was chosen to host the 2016 Summer Olympic Games, the competition in August is not likely to show Brazil in the best light.

Brazil's Finance Minister Faces Storm

Brazil
Well known for his caution, Brazil Finance Minister Henrique Meirelles is well aware of the enormity of his nation’s fiscal hole. Brazil is likely to report a primary deficit of $36 billion this year, instead of the $6.8 billion surplus previously forecast.

Eye On Trade

José Antonio Ocampo Gaviria, professor at Columbia University’s School of International and Public Affairs, says the slowing of international trade since the financial crisis is a major threat to the world economy.