Dantas’ Inferno: “Fed v. Fed Over Satyagraha Arrests”

PF viveu guerra e espionagem para prender Dantas: The online Terra Magazine, edited by the veteran Bob Fernandes — Spanish-language editions are being readied for other markets in which the Terra portal operates, it looks like (the portal has recently been redesigned, and for the better, for once) — tells quite a story from behind [...]

Manhattan Connection: “Dantas’ Inferno Case Began in the City So Nice They Named It Twice”

“We are not going to become a Grand Caymans on the banks of the Hudson” — Manhattan D.A. Morgenthau on the indictment of Paulo Salim Maluf. See Rohter on Maluf: The Blind Eye Misreading the Blind Eye
Headline from the Jornal do Brasil today: “[Operation Satyagraha] began in the United States.”
On the police action in question, [...]

Diogo Mainardi and Daniel Dantas: His Master’s Voice

Over the last several months, I have been translating as much of Luis Nassif’s series on the decline of journalism at Veja magazine (Editora Abril, Brazil) as I can.
The great virtue of the series is as a case study in Journalism 101 — or Journalism 1.0, if you like.
The principles involved are simple and straightforward. [...]

SEC On “The Issuer Pays”: Ratings Agency Facelift Falls?

Rating agencies do not appear to take steps to prevent considerations of market share and other business interests from the possibility that they could influence ratings or ratings criteria.
The SEC (PDF) report on the ratings agencies classified as NRSROs — nationally recognized statistical ratings agencies — tells a pretty simple story.

The major rating agencies — [...]

“Nahas Had Inside Dope from the Fed”

Sem detalhar, PF diz que Nahas dispunha de informações privilegiadas do Federal Reserve: How did Brazilian investor Naji Nahas get access to inside information about U.S. Federal Reserve interest rate decisions, if allegations by the Brazilian federal police to that effect are correct?
That is some accusation.
It will be interesting to see where this leads.
On Nahas, [...]