Saturday, 17 November, 2018

Brazil's Bolsonaro says country will again lead ethanol production

US President Donald Trump speaks from the Rose Garden of the White House in Washington DC AFP 2018 Jim WATSONTrump Discusses Trade and Military Cooperation With Brazil's President-Elect
Derrick Tucker | 04 November, 2018, 04:27

Bolsonaro, who will be sworn in on January 1, defeated former Sao Paulo Mayor Fernando Haddad in a runoff election held Sunday. He's also vowed to enact pension reform.

He called the reform essential to controlling surging public debt in Latin America's largest economy and making space for public investments to jump-start a sluggish economy.

Mariscal, however, expects Brazil to continue to see growth as the market continues to price in good news.

Soon after, Chinese President Xi Jingping's administration sent Bolsonaro a letter saying the tour caused "possible turbulence in the strategic partnership between Brazil and China".

Bolsonaro's PSL party achieved a breakthrough in this month's legislative election, increasing its representation from one to 52 seats in the lower house. After a meeting with Lorenzoni, Guedes said the decision on timing was ultimately a political one that the chief of staff would weigh.

According to Steve Schwartzmann, senior director of tropical forest policy at the US-based Environment Defense Fund, it is doubtful Bolsonaro would even be able to affect Brazil's departure given the treaty passed unanimously through congress - including Bolsonaro's own vote. "You are all scared because he is a politician talking about the economy".

"There's no general outcry to free Lula, so if that's the main flag the PT is waving, it's going to shoot itself in the foot", said Zucco.

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An outspoken Trump admirer, Bolsonaro also vowed to realign Brazil with more advanced economies, such as the United States, overhauling diplomatic priorities after almost a decade and a half of leftist party rule.

Bolsonaro won the presidential election with 55% of the vote.

Although politicians of all stripes have fallen in the "Car Wash" probe, Moro has been accused of being particularly merciless on the left - especially former president Luiz Inacio Lula da Silva. The next vacancy on the court is expected in 2020. "But now I can say I want to (invite Moro)".

In a statement, Moro said he would be "honored" by such an invitation, and added that it "would be the object of careful discussion and reflection".

In an interview with Globo TV, he said he would withdraw government advertising from media outlets he deemed to be "lying". "But if it's up to me, press that shamelessly lies will not have any government support". Yet, over time Brazil's political class became corruption-stained, and at some point most voters lost faith in that leadership.

Bolsonaro, who openly admires Brazil's former military dictatorship and shocked many with his derogatory remarks on women, LGBT people and people of color, remained vague about the environment during campaigning. Folha got 14.6 million reais that year. He said he was committed to fiscal discipline and called for the early elimination of the federal government´s budget deficit. Grupo Folha did not reply to requests for comment.

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