RIO DE JANEIRO, BRAZIL – It does not surprise me that such a massive issue has separated the state of Rio de Janeiro and Brazilian federal government regarding oil proceeds. Rio certainly has been counting on this income as part of its budget for the foreseeable future. Living here it's hard not to have some bias, but one thing seems obvious, Brazil has a lot of eyes on the Cidade Maravilhosa (Marvelous City), and needs to keep investing in it.
Sometimes . . .