Wednesday, February 11, 2015

Trouble in Brazil

Recently reelected Brazilian President Dilma Rousseff is in trouble over a lousy economy and rampant corruption charges at Petrobras, the government-owned oil company. See the Bloomberg View story for details.

On top of everything else, it's major cities are running out of water. As Brazil tries to become a consequential player on the world stage, such "banana republic" antics are very unhelpful.