Brazilian, Turkish, Indonesian and Egyptian economies are worsening. Inflation in Brazil is being blamed for deadly riots, and draining foreign currency reserves may force Egypt into similar fate (and sovereign default). So why now? Is it because China's economy is slowing down, and will this mean the 2014 World Cup is held in its backup-location of Germany? <object id="cnbcplayer" height="380" width="400" classid="clsid27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" > <param name="type" value="application/x-shockwave-flash"/> <param name="allowfullscreen" value="true"/> <param name="allowscriptaccess" value="always"/> <param name="quality" value="best"/> <param name="scale" value="noscale" /> <param name="wmode" value="transparent"/> <param name="bgcolor" value="#000000"/> <param name="salign" value="lt"/> <param name="flashVars" value="startTime=000"/> <param name="flashVars" value="endTime=000"/> <param name="movie" value="http://plus.cnbc.com/rssvideosearch/action/player/id/3000176652/code/cnbcplayershare" /> <embed name="cnbcplayer" PLUGINSPAGE="http://www.macromedia.com/go/getflashplayer" allowfullscreen="true" allowscriptaccess="always" bgcolor="#000000" height="380" width="400" quality="best" wmode="transparent" scale="noscale" salign="lt" src="http://plus.cnbc.com/rssvideosearch/action/player/id/3000176652/code/cnbcplayershare" type="application/x-shockwave-flash" /></object> Video link: http://video.cnbc.com/gallery/?vide...sImdQYWdlIjoiMSIsInN5bSI6IiIsInNlYXJjaCI6IiJ9
To be honest, none of those countries economies have been quite unstable and for some stagnant for sometime now,,, not exactly new.
Nothing new? Who are you apologizing for? One million march across Brazil in biggest protests yet <object type='application/x-shockwave-flash' data='http://www.reuters.com/resources_v2/flash/video_embed.swf?videoId=243495939&edition=BETAUS' id='rcomVideo_243495939' width='460' height='259'> <param name='movie' value='http://www.reuters.com/resources_v2/flash/video_embed.swf?videoId=243495939&edition=BETAUS'></param> <param name='allowFullScreen' value='true'></param> <param name='allowScriptAccess' value='always'></param> <param name='wmode' value='transparent'></param> <embed src='http://www.reuters.com/resources_v2/flash/video_embed.swf?videoId=243495939&edition=BETAUS' type='application/x-shockwave-flash' allowfullscreen='true' allowScriptAccess='always' width='460' height='259' wmode='transparent'></embed> </object>
My wife and I have watched the protests in Brazil---or, in our household, "Brasil" (brah-ZEEYW) ---with great interest. On one hand, I don't want to see the country lose the World Cup; what an embarassment that would be. However, the Brazilians are protesting now in more than one hundred cities there. Enough is enough. Life is humiliation in many respects there. Very low wages, very high prices, s**t public school education, lack of infrastructure (no trains, only trucks to deliver goods throughout the country via second-rate roads), the remaining attitudes of class-system colonialism mixed with the corruption of Italian "clientelismo"...all this in a country that has so far spent the equivalent $30,000,000,000 dollars to bring the Cup to Brasil. Of which the people really won't see more than a small-time boost (if you own a hotel or shop or such). They certainly know they can paralyze the country during the World Cup. You can bet FIFA and Germany are deep in talks now. I hope no one gets killed. A lot of the riot police are Joe Schmo security guards off the street, and emotions can run high. There was a funny video I saw of a guy who stormed into one of the federal government buildings in Brasilia, saying, "Quero conversar com o dono dessa porra!" (I want to talk to the owner of this f***ing place!") And was quickly carted off to the pokey, I'm sure. What a mess.
I do not understand how World cup would make you lose money. It will only boost the economy in many many ways with almost zero cost. that's insane.
With almost zero cost except for building tons of infrastructure and stadiums and other stuff. Brazil doesn't exactly have the same road system as the US.
The protests in Brazil make OWS look coherent and organized, it's just people rioting because it's the in thing to do.
Although at least with Brazil a lot of that infrastructure will also help with the 2016 Olympics so they are getting some extra benefit to it.
Since Brazil isn't an utopia last time I checked, I'm fairly certain things are wrong there. That doesn't mean that all protests somehow become legitimate, especially since the Brazillians are rioting over nothing more than vague things like "corruption" and "bad politicians" at this point. It's just a bunch of students at this point. Well, Brazil actually does have a small monarchist movement you know.....
A lot of the money that is generated (ticket sales, sponsorships, TV deals) goes straight to FIFA and the higher ups of Brazilian soccer. Meanwhile the government is spending tons of money to build stadiums/infrastructure to support the tournament. People that make money off of tourism will see some extra money but that's only going to last a month.
People could not share the big cake of the World Cups... How is that a big deal? When and where people could get real benefits out of anything? The money will always go into riches' account, with or without the World Cup. My words to the rioters: Get real, occupy nothing, work for your lowest wages, build the damn stadiums, smile happily to the tourists ...
I guess I don't understand what the protesters expect of the government? Or more to the point what did they think was going to happen when the World Cup came? $30B is being spent IN Brazil which means jobs and improved infrastructure plus some big buildings that can generate more revenue if used properly.
