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Media Blitz 2014: Coffee, Cream and Sugar at Presidential Debates

A report on the current incarnation of the hoary old Café com Leite economic and political movements — a phrase used to describe the ideological dichotomies of the Old Republic of the late XIX Century.

(Milk stands for agricultural Minas Gerais while São Paulo still embraces the ways of  the fantastic, legendary coffee bubble.

The old coffee exchange still stands in the vicinity of Wall and Pearl Streets, I think. I just remember being surprised to come across an almost identical building in the port of Santos, with the same title.

Northeastern sugarcane completes the picture and I sigh after taking a cautious slurp.

My translation, with minor corrections to preserve the flow.

During the second round of elections,  (PSDB) will rely on support that far exceeds the numbers of its campaign supporters and militants.

According to the  Manchetômetro [Headline Watch],  which monitors  election media coverage  on a daily site, in a typical week has yielded a wealth of stories and articles contrary to reelection of Dilma. The group recently counted 79 negative headlines about Dilma and only 10 (ten) about the center-right Toucan candidate, Neves.

Continue reading

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Latifúndio | Counting the Beans

Senator Kátia Abréu: "Miss Deforestation"

Senator Kátia Abréu: “Miss Deforestation”

Source:  Brasil de Fato

At least six of the major foreign and domestic groups in the agribusiness, mining and firearms industries invested  R$ 1.395 million in the 2010 election campaigns of nine of the 17 federal deputies who signed  PLP 227.

The bill weakens protections of indigenous rights to ownership of their traditional territories.

Data from the federal elections tribunal (TSE):  See the complete list of campaign donors to the 17 authors of PLP 227.

Dozens of other companies and multinationals involved in grain, pesticides, meatpacking, mining and construction are well represented among the principal donors of the lawmakers who signed PLP 227. As the Parliamentary Agriculture Front denounces the supposedly corrupt interests of native peoples and environmentalists, without ever naming names, the TSE donation figures indicate who should really be questioned about conflicts of interest. Continue reading

Deals on Wheels | The Railway Pipeline

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Source: Portal ClippingMP.
Authorship: Guilherme Soares Dias | Valor Economico

I have recently received an incentive to closely and constantly keep an on the Brazilian transportation sector as a whole — not just what the ALLs and LLXs are up to.

Intercity passenger trains are being readied to circulate again in at least nine Brazilian states with plans under active study. In most of these cases, the intention is to reuse existing freight lines for medium-velocity passenger service. The plans provide for management by private sector concessionaires and ticket prices competitive with intercity buses, in a attempt to take some of the strain off crowded highways.

Brazilian roadways — constantly subject to apocalyptic weather conditions, let it be said — are a nerve-wracking way to get around, although mirabile dictu the rodoviários — bus stations — hum industriously all year long, and especially around Christman, when Northeastern families make the trek to be temporarily reunited.

In all, 1,900 km of so-called “regional trains” will get off the drawing board sometime this year. The federal ministry of transport has detailed plans for six stretches of railway, while SUDECO — the Superintendency of  Center-West Development examines two rail lines in the Brasília region. The state of Minas Gerais is studying three new lines and São Paulo is planning another five.

After a study by BNDES, the national development bank, issued a list of  64 railway lines that could be used to move passengers, the transport ministry chose 14  priority project for evaluation in 2011. Two years later, six of these are underway under the auspices of BNDES and one another, under construction by the state of Minas Gerais, should be ready by the the end 2Q13.

After the studies are conducted, the proposals will be opened up to public discusion, after which the transport ministry intends to assess tender offers for projects starting in 2014. Bids closest to completion so far include the Londrina-Maringá connection, in  Paraná, and the Bento Gonçalves-Caxias do Sul connection, in Rio Grande do Sul, where feasibility studies have been conducted and public audiences will begin next month in which residents and local governments will have their say.

According to Euler Costa Sampaio, coordinator of studies on regional and passenger rail in the transportation ministry, the rail lines will likely operate on the basis of a Public-Private Partnership or a concession model. “We want to take advantage of the new rules for the railway sector, which instituted right of way [for passenger trains] on freight train lines,” he said..

Along certain stretches, such as the connection  Londrina-Maringá, the plan is to create a double-track road, given the heavy cargo loads resulting from the line’s proximity to the Porto of Paranaguá. Studies will show that demand will be sufficient for an all-passenger service, says Sampaio. Estimated demands runs around 36,000 passengers a day and 13 million passengers a year.

Another challenge for the regional lines will be entering urban zones, in places where they might cross paths with municipal transport. “We will have to provide quality and accessibility in order to compete with the interstate bus lines. Fairs will have to be in line with what it costs to travel by bus”, a Transportes official said.

In some cases, such as the Salvador-Alagoinhas connection in Bahia, whose study will be filed in June, indications are that the rail line can be extended another 40 km to Feira de Santana. With its  568,000 inhabitants, the city is the second most populous of Bahia state and is connected to Salvador by Highway BR-324, which sufferes from intense passenger and cargo traffic.

Another stretch of track featured in the  Sampaio reporte is the São Luís-Itapecuru-Mirim triangle, in the northern state of Maranhão, where the largest petrochemical center in the Northeast is under construction.

In addition to the six rail linkages already under study, the transport ministry expects to contract studies for another six: São Cristóvão—Laranjeiras (SE), Recife—Caruaru (PE), Campos—Macaé (RJ), Itajaí— Rio do Sul (SC), Campinas—Araraquara (SP), Santa Cruz—Mangaratiba (RJ), and Bocaiúva—Janaúva (MG).

Os projetos preveem que os trens atinjam de 80 a 140 quilômetros por hora para encurtar, em alguns casos, o tempo de percurso atual. É o caso do trecho entre Brasília e Goiânia que teria viagens de 50 minutos, enquanto as de carro e ônibus duram de duas a três horas. O trecho é estudado pela Sudeco. A linha seria de uso misto, sendo aproveitada para transporte de cargas, com ligação da Ferrovia Norte-Sul em Anápolis (GO), onde está prevista uma parada.

O diretor-superintendente da Sudeco, Marcelo Dourado, ressalta que 6 milhões de pessoas moram no entorno da futura linha e devem ser beneficiadas pelo novo modal de transporte. Ele destaca ainda que haverá melhora no escoamento de produção do agronegócio. A região concentra o segundo Produto Interno Bruto (PIB) meso-regional só perdendo para Rio-São Paulo.

“Essa ligação mais rápida vai incentivar a industrialização e a conurbação da região”, acredita Dourado. Os estudos estão sendo concluídos e a intenção do órgão é que a licitação ocorra até o fim do ano, as obras comecem em 2014 e sejam concluídas em até sete anos. O custo estimado é de R$ 1 bilhão. A Sudeco estuda ainda a ligação entre Brasília-Luiziânia (GO), onde já existe linha férrea e seria necessária adaptação para o trem de passageiros. “Essa seria uma intervenção mais rápida e barata. Seriam necessários dez meses e R$ 90 milhões de desembolsos para viabilizar a linha”, afirma Dourado. O trecho seria atendido por um Veículo Leve sobre Trilho (VLT). De acordo com o superintendente da Sudeco, os dois projetos têm chegada prevista na rodoferroviária da capital federal e devem desafogar as rodovias do Distrito Federal.

O governo federal prevê ainda estudos de um trem ligando as cidades do Triângulo Mineiro e outro mais ousado, da Superintendência do Desenvolvimento do Nordeste (Sudene), que planeja o “Trem da Costa Dourada”, linha de 2 mil quilômetros ligando Salvador ao Delta do Parnaíba (PI) pelo litoral, passando pela maioria das capitais do Nordeste. Apesar do apelo turístico do projeto até mesmo os estudos encontram dificuldade para sair do papel. “O Ministério do Turismo tinha se comprometido a bancar, mas ainda não conseguimos a liberação da verba. Agora estamos negociando com o governo espanhol para financiar os estudos”, diz o superintendente da Sudene, Luiz Gonzaga Paes Landim. Ele garante que o trem é viável e afirma que o projeto poderia ser “fatiado”, com início nos trechos de maior apelo turístico como Salvador -Praia do Forte (BA), Recife-Porto de Galinhas (PE), Natal-Praia da Pipa (RN) e Fortaleza-Canoa Quebrada (CE).

Para o coordenador de transporte de passageiros do Laboratório de Transportes e Logística (LabTrans/UFSC), Rodolfo Philippi, os projetos atuais estudados pelo Ministério dos Transportes terão viabilidade reforçada pelo transporte urbano, uma vez que o aproveitamento de linhas já existentes vai possibilitar estações no centro das cidades. “Em locais maiores como Londrina, Maringá e Caxias do Sul poderá haver mais de uma estação incentivando o locomoção das pessoas dentro das cidades”, diz.

Já o presidente da Associação Brasileira da Indústria Ferroviária (Abifer), Vicente Abate, recorda que nas décadas de 60 e 70 os trens de passageiros chegaram a transportar 100 milhões de passageiros por ano. “Com o desinvestimento do governo na rede, os trens de passageiros foram perdendo competitividade e começaram a ser desativados e foram substituídos pelo transporte de rodovias. Agora devemos ter novo momento de retomada do setor”, considera.

Hoje, apenas duas linhas férreas recebem transporte de passageiros no país: a Estrada de Ferro Carajás, entre São Luís-Carajás (PA), e a Estrada de Ferro Vitória-Minas entre Vitória e Belo Horizonte. Ambas são mantidas em projetos sociais da Vale e movimentam juntas 1,5 milhão de passageiros por ano.

Good fodder for a private Wiki on the subject.

Electricity In the Air | A Hard Charging Government Plan Takes Shape

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“It’s reckless to say that there’ll be rationing, but it’s also reckless to say there won’t be,” –Ricardo Correa, Ativa Corretora

Source: Carta Capital.

President Dilma Rousseff has signed the law that extends the concessions of electricity generators and reduced taxes on the sector in order to offer electricity at a reduced cost to the consumer. Under Law 12,783, date January 11, 2013 and published in the Official Diary on January 14, 2013, generation concessions can be renewed one time only, for a period of 30 years, in order to ensure continuity, efficiency and lower prices.

In order to get their concessions renewed, the concession holders must meet the requirements of the federal energy regulator, ANEEL, with respect to rates and quality of service. ANEEL will also oversee the passing on to the end user of investments needed to maintain the quality of service and continuity of operation of the nation’s hydroelectric plants.

Naturally, capital market operators and the government have sparred over the risks and costs of the new regulatory regime.

As Luis Nassif accuses the mainstream media of exaggerating the risk of rationing due to an unusually dry tropical autumn, stock market analysts interviewed by two reporters from O Globo lament the effects of the new policy on the profitability and dividend payout of the affected companies — colorfully described as a «dividend blackout».

The Panic Newsroom

Andre Barrocal of CartaCapital writes:

What President Rousseff could not have imagined is that 2013 would begin with  electricity transformed into a major headache. This happened thanks to the combination of real factors — hydroelectric construction projects behind schedule and very little water in the reservoirs after a dry spell — together with an erroneous reading of the scenario by certain sectors of the mainstream media, who reported that a return to the energy rationing of 2001 was imminent.

Confident that talk of a return to rationing was «ridiculous», Dilma put together a political initiative while on vacation in Bahia — a vacation she decided to interrupt and return to Brasília to supervise directly. Energy regulators and other officials in the area were instructed to offer reassurances to the public and calm the concerns of citizens and the business community. The keystone of this initiative was a press conference held on January 9 with Mining & Energy minister Edison Lobão “There is no risk of an imminent shortfall and I expect there never will be,” he said.

Absolute confidence, however, depend on the summer rains, which were less than generous in late 2012, to the point that reservoirs … were at their lowest level since 2001. ONS, the National Electrical System Operator, which manages the flow of energy throughout Brazil from areas of oversupply to areas of shortfall, was obliged to modify its planning for this eventuality.

Nassif reprises an embarassing moment for Globo and the Folha de S. Paulo, both of which reported that an «emergency» meeting of the technical oversight committee of the E&M ministry had been called. The meeting was routine and went off as scheduled. Globo, Veja, and the FSP were obliged to issue a correction.

Nassif explains:

The electrical energy market is divided into two segments. There are long-term contracts, negotiated between major consumers — including energy distributors — and their suppliers. The other is the so-called spot market, used for short-term transactions.

Incorrect information such as was published by the FSP can cause volatility in the prices fixed by the spot market. It can also cause companies to suspend investments and activate contingency plans.

In this case, the market was not affected because big business and major investors have their own sources of information, and the Internet was effective in defeating the rumor and correctly reporting the MME’s response to reports on the supposedly «extraordinary» nature of the meeting.

As Bloomberg reported recently, this state of affairs is not exactly a zero-sum game.

A dry spell that’s emptying Brazilian hydropower dams is poised to turn Cia. Energetica de Sao Paulo, the second-worst generator stock last year, into one of the industry’s biggest winners.

Cesp, as the utility is known, and other producers that can sell extra electricity in the spot market may be able to profit after prices surged to a record, said JPMorgan Chase & Co. and Banco BTG Pactual SA. Net buyers of energy in the spot market — from billionaire Eike Batista’s MPX Energia SA (MPXE3) to steelmaker Usinas Siderurgicas de Minas Gerais SA — stand to lose the most, analysts said.

Nassif concludes:

Even so, the inaccurate report was used to support the argument that  problems with energy supply were the result of the plan to cut energy bills — a plan that has not even gone into effect yet.

The Corretores

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Writing in O Globo today — «A Dividend Blackout», how clever —  João Sorima Neto &  Eliaria Andrade round up reactions from major brokerages to the impending implementation of price controls partially subsidized by tax breaks.

Analysts predict shortfall in energy sector dividends in the face of government actions and the risks of rationing.

Oliveira, of the Magliano brokerage house: The brokerage has sold off electricity companies in its portfolio.

After taking a beating in the stock market since September, when the government announced measures to reduce the cost of energy to the consumer, share prices continue to suffer well into the New Year.  In the first seven Bovespa sessions of 2013, shares in energy sector companies lost R$ 2.5 billion in market value. In 4Q2012, the same companies lost $34.8 billion in market capitalization.

In this case, the specter of energy rationing was behind the stampede.  Paradoxical is the situation of a sector that has always proven attractive to investors because of the dividends it pays.  In the current scenario, however, dividends will likely suffer, say experts in the field.  The energy investor, these experts say, will have to carefully select companies whose revenues are less affected by the policy.

—  Before 2011, the electric companies paid dividends of 10% to 12%, on average. That number now stands at 6% to 7%. And some companies may forgo paying dividends altogether  — according to William Alves, an analyst at XP Investimentos.

Dividends are the percentage of company profits distributed to shareholders.  They represent extra income not dependent on the market price of shares.

The electric companies have always paid healthy dividends because  they generated large amounts of cash and required few investments.

Required few investments of themselves, perhaps. Many have taken a beating from a newly activist crew of regulators in recent years over quality of service.

Even now, as I type this paragraph, we are under fire from torrential rains likely to have a dual effect: It will help swell reservoirs and it might well produce those marvelous serial explosion of electrical transformers to which we have become accustomed over the years.

Energy-sector companies were also considered a low-risk, defensive investment, with stable share prices even during moments of market volatility. This has changed, as we have seen in recent months.  [The sector’s] stock exchange losses are approaching 50%.

The tumble occurred [in September.] when government action threatened the profitability of these companies, explains Júlio Oliveira, a partner at the Magliano Corretora brokerage house.

In order to reduce electrical bills by 20% starting in February, the federal government rescheduled the renovation of concessions expiring in 2017 or earlier, and ordered generators and transmitters to accept 70% of their current income.  With that, companies that adhere to the new plan will see profits decline.  Energy rationing could also reduce sales and impact profits, although the government denies there is any risk of rationing.

—  Bringing thermoelectric plants online [as a back-up measure]  also concerns the shareholders of the distribution companies.  The cost of production of these plants is much higher, and the sector will have higher costs until rates are readjusted, according to Pedro Galdi, a market strategist at SLW.

The entire sector has suffered in the stock market, but even so, market analysts are not recommending a massive sell-off.  They are closely studying the impact of the regulatory changes on each and every company in the sector and have reached certain conclusions. There is consensus that Eletrobras shares are not a good buy option at the moment.  Some expect that the state-owned company will pay no dividends at all.  The recommendation is for investors in Eletrobras to trade their shares in for other stocks.

— Eletrobras was the first company to adhere to the government reform.  This new reality reduces cash generation, which affects the payment of dividends, says William Alves of XP.

Julio Oliveira, of the Magliano brokerage, believe that if Eletrobras does pay dividends, these will be the minimum demanded by law: 25% of net profits.

CTEEP — the São Paulo energy transmission company —  has already paid out 100% of profits in the form of dividends, but it is highly unlikely to do so again, says Beatriz Nantes, an energy specialist at Empiricus Reserach/Investmania.

According to Nantes, CTEEP’s acceptance of the government plan will affect its earnings. Nantes also does not believe that Eletropaulo will offer satisfying dividends.  CTEEP, though not so heavily affected by the government plan, recently concluded its third cycle of rate readjustments, in which the company’s prices are reevaluated.  The price was cut by 9%, on average.

—  Eletropaulo is no longer a reliable payer of dividends, — Nantes says.

Among those energy-sector stock that may still pay attractive dividends are Tractebel, TAESA and AES Tietê, the analyst says. Nantes believes that these companies were not heavily affected by the government-mandated changes.

The XP brokerage house is recommending Taesa and Tractebel.

Tractebel carries very little debt, which enables it to generate more cash.  The concessions held by Taesa, meanwhile, expire in 2030, which reduces the company’s regulatory risk exposure, says Alves.

Magliano Corretora has removed all energy-sector stocks from its portfolio of recommended investments.

— You should not sit on these stocks for four or five years, especially in view of these changes in the industry.  We have a portfolio of dividend-paying shares that, while not as generous as electricity dividends once were, still present a favorable opportunity cost.

Among these are Ambev, Souza Cruz, Sabesp and Vale. Souza Cruz, for example, will pay 100% of its profits as dividends. This is one option to consider while the profitability of the electric sector remains unclear,  Oliveira says.

Beer, cigarettes, sanitation and nickels. Who can live without them?

«A New Regulatory Framework for Mining and Minerals: Why?»

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… the existence of regulatory agencies in the Brazilian  administrative structure is itself a very controversial issue. After more than 10 years of  institutional experience, the regulatory system has changed and improved but it is still a  very complex problem to balance autonomy and political control. —Rodrigo Abijaodi Lopes de Vasconcellos

Source: Le Monde Diplomatique |  Brasilianas

I think it is fair to say that the current Brazilian federal government, more so than even its predecessor, the Lula regime, is engaged in a systematic overhaul of regulatory agencies intended to cut red tape while at the same time increasing enforcement powers.

Recent newsflow along these lines includes the electricity sector — ANEEL — the telecoms sector — ANATEL — and the petroleum sector — ANP.

I have been too lazy to do the math, but I have the impression that it would show more federal agencies using expanded and expedited powers to levy more sanctions.

The present article is from the lefty Diplo in Portuguese, but is worth a read nevertheless.

A new regulatory framework for mining and minerals: Why?

by Julianna Malerba and Bruno Milanez
Partial translation: C. Brayton

In the process of  creating new mechanisms to ensure the growth rate of mineral exploration, the federal government, citing the generation of revenues that can be used to reduce poverty and social inequality, is in fact fomenting a policy of expropriation against the interests of social movements in mining territories, a policy that is often authoritarian and violent  .

In 2000, the northern state of Pará was producing some R$ 4 billion in minerals. By December  2011, this figure had grown to R$ 25 billion. In the last decade, countless areas of mineral extraction sprang up in Amazônia. In  Carajás, the growth in iron and manganese was accompanied by the opening of new copper and nickel mines. This permitted Vale, which produced not a single gram of copper in 2000, to triple national production of the mineral. In Juruti, Alcoa began mining bauxite, the raw material of aluminum, contributing to production already underway at its mines in Paragominas and Oriximiná.

This boom in mineral extraction is directly connected to the promotion of extractive industries, which are highly energy-intensive. Albrás, for example, which recently expanded the installed capacity of its plant in Barcarena, consumes the same quantity of electrical energy as the cities of  Belém and Manaus combined, and  1.5% of electricity consumption in  Brasil as a whole. Continue reading

Journalist Assassinated in Campo Grande

Journo published e-mails allegedly reflecting the buying and selling of judicial orders

Portal IMPRENSA reports:

Late Wednesday night, the owner of electronic news service Última Hora News in Campo Grande, Eduardo Carvalho, was executed in the street in front of his home, according to the Terra news portal.

Eduardo was leaving his home on a motorcycle when he was shot by two men, also on a motorcyle, at around 10:40 p.m. The journalist, a retired military policeman, died on the scene.

Witnesses said that several minutes after the shooting, the two killers returned to the scene to verify that Eduardo was dead. So far there are no suspects or information on a possible motive.

The killers may have returned to police up their brass.

According to Última Hora News, the fleeing bandits dropped a clip of .45 calibre ammunition of the same type used on the  journalist,  The evidence was found by police investigators near the murder scene.

On his site, Carvalho published a number of articles accusing politicians and police of illicit conduct. His reporting was, as a general rule, based on insider information.

IMPRENSA sought site employees for comment, but its calls were not answered.

Carvalho, 51, is said to have carried a .38 revolver after suffering another armed attack, but was carrying it unloaded at the time of the attack.

In a recent case, Carvalho provided evidence to federal police against a local mobster known as «Doctor Joseph» or «Zuzão».

According to Carvalho, Zuzão brokered favorable judicial rulings by judges from the state high court.

In one passage of the recording, Zuzão says he knows who killed the former policeman Serjão, naming rancher Antonio Dameto. In another passage, he said that attorney Paulo Macetti is a confidence man whose business is pitting both sides of a dispute against one another. Judicial rulings are discussed, as was the murder of the journalist Carvalho in Ponta Porã along with his friends.

The material was destined for the CNJ, the ombudsman of the Brazilian judiciary, according to this report.

In a 2010 report, ABC Paraguay referred to Carvalho’s work in a story sketching the outlines of a criminal scheme operating along the Paraguayan border:

PEDRO JUAN CABALLERO. The brother of the man who calls himself the “Godfather” of the Paraguayan border told a Brazilian daily that the weapons, cigarettes, and pirated goods that are regularly smuggled into Brazil will encounter no obstacles so long as brothers José Carlos and Robert Acevedo remain in charge of the senior posts in Amambay.

“If I am partners with him, he uses his influence to look after our shipments of smuggled goods, cigarettes and weapons,” says Nasser Jamil in an article for the Campo Grande daily Ultima Hora News..

The article by Eduardo Carvalho shows that the Acevedos amassed their fortune thanks to smuggling diverse cargos in partnership with Nasser Jamil and developed into a single mob family of border millionaires.

Also in a cursory search of Carvalho’s clipping file: the busting up of a “phony kidnap” scheme.

On 16 November, he published a strongly-worded editorial praising police and prison guards along the lines of “the only good criminal is a dead criminal,” railing against “those human rights assholes.”

In August, Carvalho unleashed a broadside against a competing publication, Mídiamax, which had run a video allegedly showing the state governor meeting with state employees and illegally instructing them how to vote and canvass for one candidate in a mayoral election.

The extrajudicial expert examination of the video, delivered by Governor André Puccinelli (PMDB) this morning at the Campo Grande court house, refutes the Midiamax version of events. The expert examination was signed by Fernando Machado Klein and was exclusively aired by UH NEWS. .

The examination is part of the evidence in the criminal case and adds new facts to the initial accusation brought by Governor Pucinnelli against Midiamax and journalist Pio Redonndo.

The trial seeks to establish the truth and condemn the defendants for having manipulated the reader with sensationalism devoid of objectivity in its reporting on the video, which it presents as the “original.” Attorney Luís Cláudio Alves Pereira has requested the defendants be punished for violations of Articles 138, 139, 140 of the Code of Civil Procedure as well as Article 69., pede em sua peça inicial que ambos sejam enquadrados nos artigos 138, 139, 140 do C.P.P bem como no artigo 69.

These legal references are to criminal libel and related misdeeds.

The governor argues that the meetings were limited to political issues and that there no one was coerced or coached about their politicial choices, and that no one was required to attend the meeting.

The PT on Case 470 | Double Standards and Undue Process

The balck-box recording equipment used to capture a bribe paid to a Brazilian post office official in 2005 — a case that mushroomed into the «big monthly payola» scandal. This and other tapes were recorded and used by Carlinhos Cachoeira to blackmail potential political, business and criminal rivals.

Imagine if I were one of Nixon’s men — say, chief of staff and unofficial treasurer of the Bebe Rebozo memorial slush fund.

Substitute Abramoff or Duke Cunningham or whatsoever smooth political operator you recall with fondness.

The point is that for my alleged misdeeds, in the worst of cases, under U.S. law, I would be dragged before a court and made to explain myself to a jury of my peers.

Fortunately for me, these fine fellow citizens would be sworn to come to a unanimous agreement as to my guilt before the uniforms are allowed to haul me off to jail. Even there, I would still have an opportunity to appeal up the ladder, possibly even to the Supreme Court

Today, an official statement by Brazil’s ruling PT — Workers Party — makes a similar comparative point regarding the ongoing mensalão trial. Continue reading