• October 2017
    M T W T F S S
    « Sep    
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    3031  
  • Pages

  • Marginalia

  • Accumulations

King Momo and the Car(nival) Wash

galo-madrugada

Viva o Zé Pereira,
Que a ninguém faz mal,
Viva a pagodeira,
Nos dias de Carnaval

As the annual revels get underway, the mighty Rooster of the Dawn, like most carnival societies, is not shy about lampooning its betters.

Bakhtin, after all, was right about the Carnivalesque and the four modalities of the WUD, or “world upside down.”

But not everyone is convinced. One the key figures in the Car Wash case is attempting — apparently successfully — to quash distribution of a mask depicting his face, exposing him to ridicule on national TV.

Continue reading

Advertisements

Taiana Bares All | Brazil’s Operation Car Wash

141212_Playboy_Taiana_0001

Photo: Autumn Sonnichsen/ Divulgação Playboy

Wearing high heels and covered in dollar bills, the former lover of the currency trader [Youssef] appears on the cover of the January edition of Playboy posing in hotel rooms and private jets. She told the magazine that she was “the first person he messaged after he was arrested.”

As I have noted before, every knock down drag out political scandal has its muse or poster child — a figure, usually an attractive woman who, to coin a phrase, “lays bare the facts” or some such analogy as that.

As Veja and Playboy are both Abril publications, it is not difficult to imagine how Taiana became the Goddess of Truth. Create a poster child with scandalous overtones  Divert attention from other significant  aspects of the case until you can measure the results and decide how — and against whom — to proceed.

Mountains of Money

This meme is a close cousin to the Mountain of Money concept in South American news media, itself a corollary to  the Perp Walk — a standard procedure for Brazilian police.

In Ecuador several years ago in an election won by the leftist Rafael Correa, the viciousness of the smear campaign by the local media was astonishing. Mobilized against Correa,  Ecuadoran TV and radio in general have to be seen to be believed , as is, or was, the case in Venezuela.

A case I remember well was an anti-Chavist talk show host who displayed a parking lot full of colorful HMMVVVs and identified them as constituting bribes to members of the government. A clever researcher was able to pin down the exact location of the photo — a HMMMVV dealership in Southern California. A sign was crudely Photoshopped in an attempt to identify the parking lot as government property in Venezuela. Grotesque.

Continue reading

Car Wash Witness | Contrary to Fact Conditional Parole?

"They knew everything"

“They knew everything”

I was leafing idly through the news coverage of Operation Car Wash — a megascandal with dozens of suspects of operating illegally inside Petrobras — thinking of doing a coverage timeline of the scandal,  when I came across a surprising statement.

TV Globo said that its sources did not confirm the version published by Veja, and described the Folha article as “distorted.”

It is very rare to see these particular establishment media outlets criticizing one another in this way.  Normally, stories like this are handled as a three-man tag-team match.

According to Valor, however, the naming of politicians involved in the case will not occur until February — Ash Wednesday, when people finally get back to work.

A tropical W$J or FT in incubation, Valor has published as a joint venture with O Globo and the Folha de S. Paulo — odd bedfellowssince May 2000. With the demise of the Gazeta Mercantil, it represents a relative concentration of the market shared with Brasil Econômico — a cousin to the Rio daily O Dia — and the business pages of the Estado de S. Paulo, along with the weekly Exame (Abril).

Bloomberg, Reuters. AFP, Yahoo News and others add a foreign flavor to the mix. The flow of information from various sources cannot but encourage the market observer.

Rumor and leakage in the Petrobras case do appear to have died down since mid-December as defendants — and officers of the court, including the federal police  — honor the gag order, in the case of defendants on pain of losing their plea deal, and leaky civil servants suffering administrative punishment.

Backgrounders [+]:

  1. Car Wash | Big Brother Is Watching
  2. Nassif on Car Wash | The Tipping Point?
  3. Watergate Braziliense: The Leaky Police on the Leaky Police

Source: CartaCapital (October 30, 2014):

Correction to Youssef deposition is a “lie,” attorney says.

Continue reading

Deep Float | Petrobras Underwater, Fire

A napkin outline of the Pasadena scheme

A back of the napkin outline of the Pasadena scheme

Item.

There is curiosity today as to the identity of a “deep throat” witness in the Petrobras corruption megascandal.

One month after Operation Car Wash was carried out, in the middle of this year, a career public servant with 30 years of service approached federal agents in charge of the task force and denounced Petrobras for ignoring “signs of criminal behavior” and “intentional mismanagement” inside the state-run petroleum giant “in order to divert funds without awakening the suspicions of auditors and inspectors.”

Together with the acquisition of the Pasadena Refinery in the U.S. – the most emblematic of the charges involving the case — the witness named former Mines and Energy minister Edson Lobão as the “godfather” of one of the suspects and [alleged that] current Petrobras CEO Graça Foster was responsible for the nomination of two other senior executives in the foreign trade division, supposedly responsible for a sale of assets to Nigeria that had led to losses for the company.

charge-latuff-obama-petroleo_0-preview

Was it a note with awful grammar from some General Nigeriano Ubuntu offering you a handsome sum for laundering some huge amount of cash through your account?

This is the Nigerian Third World Corruption scam. Purge it from your e-mail client. A variant is the wealthy but oppressed damsel in distress, for those more responsive to an emotional stimulus, and might be called the Rwandan Woman in Fear for her Life gambit.

During a four-hour closed session held on April 28 in Rio de Janeiro, – the transcript was appended to the Car Wash case file on Tuesday — the «informant», whose name will not be released during continuing investigations, described six cases of alleged criminal misconduct, chief among them the acquisition of  Pasadena, initiated in 2005. The deal, valued at US$ 359 million at the outset, wound up cost US$ 1,2 bilhão, causing Petrobras to suffer a US$ 793 million, according to the federal accounting tribunal (TCU).

[ … translation to come …]

Continue reading

Car Wash | Big Brother Is Watching

cccleanhands

Jean Wyllys, an openly gay Big Brother Brasil winner elected in 2010 to the federal congress by the PSOL, writing this week in CartaCapital.

In the Car Wash case, the major corruption schemes – constantly portrayed in the media as proof of the moral degradation of specific individuals and generally associated with the party in power – are shown for what they really are: a fundamental component of a sociopolitical system controlled not by corrupt civil servants but by the companies that corrupt them.

Nine such companies are currently under investigation: OAS, UTC, Queiroz Galvão, Odebrecht, Camargo Corrêa, Iesa, Galvão Engenharia, Mendes Junior, and Engevix. Altogether, they have R$ 59 billion in contracts with Petrobras.

In Rio de Janeiro alone, three companies  (OAS, Camargo Corrêa and Odebrecht) are participating as associates in various consortia building the ten largest public works for the World Cup and the Olympics (Subway Line 4, Maracanã, Parque Olímpico, Transcarioca, Transolímpica, Porto Maravilha etc.) at a cost of R$ 30 billion.

They have contracts with governments of nearly every stripe and color. Some have partnered with government in the privatization of airports and other PAC projects, and some are working on the São Paulo subway, marred by a corruption scandal in which governor Geraldo Alckmin, who also received money from public works contractors for his campaign, is under investigation.

More recently, the state-owned Sabesp [BVMF:SBSP3] —  has fessed up to delaying news about a looming water shortage in the state during the campaign season.

The CEO of Sabesp was overheard on tape telling her colleagues that it was a “mistake” to postpone public announcements on the issue.

If it does not rain by November, there will be outages where now there seem to be discreet adjustments in the middle of the night, the morning paper says.

Both federal and state administrations have made extensive use of the PPP — public-private partnership — to organize Pharaonic undertakings. Is there something endemic about the model, that makes it risk-insensitive?  Continue reading

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

Libra | The Morning After

santos

Source: Jornal O Globo.

BRASÍLIA – This Monday, President Dilma Rousseff said in  prepared remarks for radio and television, that the auction of the Libra field does not entail the privatization of Brazilian oil, as the opposition claims. In the president’s view, the auction “represents a historical landmark in Brazilian history,” and “its success” will be repeated in future auctions of deep water pre-salt fields. The president made a point of saying that Brazil protects its sovereignty, but that it is open to private investments and respects contracts.

— According to the results of the auction, 85% of revenues produced at Campo de Libra will belong to the Brazilian state and to Petrobras. This is a far cry from privatization. The private companies with which we partner will also benefit, because they will realize significant profits from the deal, compatible with the risk assumed and the investments they will make in Brazil,” the president said.

Business journalist Luis Nassif details criticisms of the project, which weathered 24 petitions for an injunction halting the auction. Continue reading