IBOV 176,183 ▲ 0.25% IPSA 10,928 ▲ 0.16% IPC MEX 66,655 ▲ 1.03% MERVAL 3,237,027 ▲ 0.05% COLCAP 2,296.67 ▼ 0.48% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL5.08▼ 1.21% USD/MXN17.43▼ 0.57% USD/CLP924.08▼ 0.95% USD/COP3,247▼ 0.48% USD/PEN3.39▼ 0.69% USD/ARS1,473▼ 0.67% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.34▲ 0.44% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.43% BRENT 84.69 ▲ 1.67% WTI 79.08 ▲ 1.20% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.23% GOLD 4,068 ▲ 1.77% SILVER 59.06 ▲ 2.47% SOY 1,192 ▼ 0.87% CORN 460.25 ▲ 5.14% WHEAT 644.00 ▲ 2.71% COFFEE 325.70 ▼ 4.60% SUGAR 14.90 ▲ 1.02% ORANGE JUICE 138.45 ▼ 2.88% COTTON 81.68 ▲ 2.32% COCOA 5,918 ▲ 3.90% BEEF 231.80 ▼ 1.25% CATTLE 349.23 ▼ 1.45% LITHIUM 71.38 ▲ 1.62% PETR4 40.74 ▲ 0.20% VALE3 74.09 ▲ 1.70% ITUB4 43.50 ▼ 0.05% BBDC4 18.57 ▼ 1.07% ABEV3 15.88 ▲ 0.32% BBAS3 20.52 ▲ 1.38% B3SA3 15.31 ▲ 1.26% WEGE3 44.22 ▼ 0.38% PRIO3 57.05 ▼ 0.26% SUZB3 41.18 ▼ 0.75% RENT3 40.35 ▲ 0.37% AZZA3 18.79 ▼ 2.24% CSAN3 3.89 ▼ 0.26% RAIZ4 0.32 ▼ 3.03% PCAR3 2.48 ▼ 4.25% GMAT3 3.96 ▲ 0.51% PSSA3 54.27 ▲ 0.43% CVCB3 1.28 ▲ 2.40% POSI3 3.94 ▼ 1.25% SLCE3 13.75 ▼ 0.87% NATU3 8.52 ▼ 0.93% BRKM5 6.66 ▼ 4.03% RANI3 8.02 ▲ 0.88% CSNA3 5.15 ▼ 1.72% CMIN3 5.21 ▼ 4.40% USIM5 8.31 ▼ 0.84% GGBR4 23.13 ▲ 1.36% ENEV3 26.77 ▼ 0.41% CPFE3 47.18 ▲ 0.73% CMIG4 11.12 ▲ 0.45% EQTL3 40.55 ▲ 0.85% LREN3 14.13 ▼ 0.14% VIVT3 35.40 ▲ 1.93% RAIL3 14.14 ▲ 0.21% KLABIN 17.36 ▼ 0.69% RAIA DROGASIL 18.38 ▲ 0.99% RDOR3 35.57 ▲ 0.03% HAPV3 10.66 ▲ 1.91% FLRY3 16.31 ▲ 0.99% SMTO3 16.17 ▼ 1.22% UGPA3 30.10 ▼ 2.68% VBBR3 32.90 ▲ 0.43% BBSE3 40.19 ▼ 0.22% BPAC11 58.00 ▲ 0.83% CURY3 32.78 ▼ 1.03% AERI3 2.08 — 0.00% VIVARA 23.33 ▲ 0.95% COMPASS 25.13 ▲ 1.45% VAMOS 3.04 ▲ 0.66% SANB11 27.40 ▲ 0.11% ASAI3 8.65 ▼ 0.69% SBSP3 30.34 ▼ 0.10% WALMEX 49.62 ▼ 0.06% GMEXICO 200.17 ▲ 2.34% FEMSA 234.01 ▲ 3.84% CEMEX 22.19 ▲ 1.88% GFNORTE 186.81 ▲ 2.60% BIMBO 56.50 ▲ 1.13% TELEVISA 9.53 ▼ 0.83% AMX 22.88 ▲ 1.28% GAP 387.70 ▼ 5.02% ASUR 278.60 ▼ 0.02% OMA 234.11 ▲ 0.34% KOF 182.50 ▲ 0.68% GRUMA 283.10 ▲ 0.61% KIMBER 38.38 ▲ 0.42% SQM-B 67,569 ▲ 0.53% COPEC 6,080 ▲ 0.37% BSANTANDER 78.66 ▲ 0.59% FALABELLA 5,912 ▲ 0.11% ENELAM 85.50 ▲ 1.54% CENCOSUD 2,057 ▲ 0.83% CMPC 1,081 ▲ 0.25% BANCO CHILE 188.30 ▲ 1.78% LATAM AIR 24.71 ▼ 0.76% YPF 77,350 ▲ 0.23% GGAL 8,025 ▼ 0.68% PAMPA 5,205 ▼ 0.38% TXAR 662.00 ▼ 0.38% ALUAR 959.50 ▼ 0.52% TGS 9,670 ▲ 1.04% CEPU 2,311 ▼ 0.35% MIRGOR 16,800 ▼ 1.18% COME 45.23 ▲ 1.00% LOMA NEGRA 3,568 ▲ 2.00% BYMA 304.25 ▼ 1.30% TELECOM ARG 4,265 ▲ 0.35% ECOPETROL 16.04 ▲ 0.98% BANCOLOMBIA 81.64 ▲ 1.52% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 391.39 ▲ 0.56% SOUTHERN COPPER 179.84 ▲ 3.04% BUENAVENTURA 30.76 ▲ 3.14% MERCADOLIBRE 1,875 ▲ 0.40% NUBANK 13.98 ▲ 2.23% XP 16.83 ▲ 2.78% PAGSEGURO 9.24 ▼ 0.43% STONE 11.23 ▲ 0.72% GLOBANT 31.72 ▼ 1.26% TECNOGLASS 43.25 ▲ 0.96% GAP AIRPORT 222.02 ▼ 4.62% ASUR 278.60 ▼ 0.02% OMA AIRPORT 107.29 ▲ 1.09% AMX ADR 26.20 ▲ 0.65% FEMSA ADR 134.20 ▲ 4.02% CEMEX ADR 12.76 ▲ 2.45% PETROBRAS ADR 17.95 ▲ 0.36% VALE ADR 14.58 ▲ 2.79% ITAU ADR 8.57 ▲ 1.18% SANTANDER BR 5.41 ▲ 1.03% AMBEV ADR 3.10 ▲ 1.31% CSN 1.02 ▼ 0.97% GERDAU 4.58 ▲ 2.00% LATAM ADR 53.76 ▲ 0.80% BTC 64,564 ▲ 3.74% ETH 1,867 ▲ 5.26% SOL 77.01 ▲ 2.87% XRP 1.10 ▲ 3.31% BNB 580.00 ▲ 2.36% ADA 0.16 ▲ 4.31% DOGE 0.07 ▲ 3.42% AVAX 6.64 ▲ 3.04% LINK 8.24 ▲ 4.60% DOT 0.85 ▲ 1.85% LTC 44.44 ▲ 2.19% BCH 236.62 ▲ 0.16% TRX 0.33 ▲ 0.33% XLM 0.18 ▲ 1.96% HBAR 0.07 ▲ 0.42% NEAR 2.03 ▲ 5.96% ATOM 1.56 ▲ 1.30% AAVE 99.60 ▲ 5.55% SELIC 14.25% EMBRAER 83.00 ▼ 0.01% EMBRAER ADR 65.37 ▲ 1.37% JBS 11.83 ▲ 0.25% JBS BDR 59.98 ▼ 1.04% MBRF3 16.01 ▲ 1.84% MBRFY 3.10 ▲ 1.64% INTER 5.67 ▲ 0.27% EGX 52,299 ▼ 0.59% USD/ZAR16.37▼ 0.64% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.18▼ 0.16% USD/CNY6.76▼ 0.31% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD1.14▲ 0.38% GBP/USD1.34▼ 0.08% SPX 7,545 ▲ 0.39% DJI 52,423 ▼ 0.14% NDX 29,621 ▲ 1.22% RUT 2,968 ▲ 0.50% TSX 35,322 ▲ 0.20% VIX 16.50 ▼ 3.85% USD/CAD1.41▼ 0.61% US10Y 4.5830 ▼ 0.56% IBOV 176,183 ▲ 0.25% IPSA 10,928 ▲ 0.16% IPC MEX 66,655 ▲ 1.03% MERVAL 3,237,027 ▲ 0.05% COLCAP 2,296.67 ▼ 0.48% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL 5.07 ▼ 1.22% USD/MXN 17.43 ▼ 0.57% USD/CLP 924.08 ▼ 0.95% USD/COP 3,252 ▼ 0.34% USD/PEN 3.39 ▼ 0.69% USD/ARS 1,473 ▼ 0.67% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.34 ▲ 0.44% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.25% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.43% BRENT 84.69 ▲ 1.67% WTI 79.08 ▲ 1.20% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.23% GOLD 4,068 ▲ 1.77% SILVER 59.06 ▲ 2.47% SOY 1,192 ▼ 0.87% CORN 460.25 ▲ 5.14% WHEAT 644.00 ▲ 2.71% COFFEE 325.70 ▼ 4.60% SUGAR 14.90 ▲ 1.02% ORANGE JUICE 138.45 ▼ 2.88% COTTON 81.68 ▲ 2.32% COCOA 5,918 ▲ 3.90% BEEF 231.80 ▼ 1.25% CATTLE 349.23 ▼ 1.45% LITHIUM 71.38 ▲ 1.62% PETR4 40.74 ▲ 0.20% VALE3 74.09 ▲ 1.70% ITUB4 43.50 ▼ 0.05% BBDC4 18.57 ▼ 1.07% ABEV3 15.88 ▲ 0.32% BBAS3 20.52 ▲ 1.38% B3SA3 15.31 ▲ 1.26% WEGE3 44.22 ▼ 0.38% PRIO3 57.05 ▼ 0.26% SUZB3 41.18 ▼ 0.75% RENT3 40.35 ▲ 0.37% AZZA3 18.79 ▼ 2.24% CSAN3 3.89 ▼ 0.26% RAIZ4 0.32 ▼ 3.03% PCAR3 2.48 ▼ 4.25% GMAT3 3.96 ▲ 0.51% PSSA3 54.27 ▲ 0.43% CVCB3 1.28 ▲ 2.40% POSI3 3.94 ▼ 1.25% SLCE3 13.75 ▼ 0.87% NATU3 8.52 ▼ 0.93% BRKM5 6.66 ▼ 4.03% RANI3 8.02 ▲ 0.88% CSNA3 5.15 ▼ 1.72% CMIN3 5.21 ▼ 4.40% USIM5 8.31 ▼ 0.84% GGBR4 23.13 ▲ 1.36% ENEV3 26.77 ▼ 0.41% CPFE3 47.18 ▲ 0.73% CMIG4 11.12 ▲ 0.45% EQTL3 40.55 ▲ 0.85% LREN3 14.13 ▼ 0.14% VIVT3 35.40 ▲ 1.93% RAIL3 14.14 ▲ 0.21% KLABIN 17.36 ▼ 0.69% RAIA DROGASIL 18.38 ▲ 0.99% RDOR3 35.57 ▲ 0.03% HAPV3 10.66 ▲ 1.91% FLRY3 16.31 ▲ 0.99% SMTO3 16.17 ▼ 1.22% UGPA3 30.10 ▼ 2.68% VBBR3 32.90 ▲ 0.43% BBSE3 40.19 ▼ 0.22% BPAC11 58.00 ▲ 0.83% CURY3 32.78 ▼ 1.03% AERI3 2.08 — 0.00% VIVARA 23.33 ▲ 0.95% COMPASS 25.13 ▲ 1.45% VAMOS 3.04 ▲ 0.66% SANB11 27.40 ▲ 0.11% ASAI3 8.65 ▼ 0.69% SBSP3 30.34 ▼ 0.10% WALMEX 49.62 ▼ 0.06% GMEXICO 200.17 ▲ 2.34% FEMSA 234.01 ▲ 3.84% CEMEX 22.19 ▲ 1.88% GFNORTE 186.81 ▲ 2.60% BIMBO 56.50 ▲ 1.13% TELEVISA 9.53 ▼ 0.83% AMX 22.88 ▲ 1.28% GAP 387.70 ▼ 5.02% ASUR 278.60 ▼ 0.02% OMA 234.11 ▲ 0.34% KOF 182.50 ▲ 0.68% GRUMA 283.10 ▲ 0.61% KIMBER 38.38 ▲ 0.42% SQM-B 67,569 ▲ 0.53% COPEC 6,080 ▲ 0.37% BSANTANDER 78.66 ▲ 0.59% FALABELLA 5,912 ▲ 0.11% ENELAM 85.50 ▲ 1.54% CENCOSUD 2,057 ▲ 0.83% CMPC 1,081 ▲ 0.25% BANCO CHILE 188.30 ▲ 1.78% LATAM AIR 24.71 ▼ 0.76% YPF 77,350 ▲ 0.23% GGAL 8,025 ▼ 0.68% PAMPA 5,205 ▼ 0.38% TXAR 662.00 ▼ 0.38% ALUAR 959.50 ▼ 0.52% TGS 9,670 ▲ 1.04% CEPU 2,311 ▼ 0.35% MIRGOR 16,800 ▼ 1.18% COME 45.23 ▲ 1.00% LOMA NEGRA 3,568 ▲ 2.00% BYMA 304.25 ▼ 1.30% TELECOM ARG 4,265 ▲ 0.35% ECOPETROL 16.04 ▲ 0.98% BANCOLOMBIA 81.64 ▲ 1.52% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 391.39 ▲ 0.56% SOUTHERN COPPER 179.84 ▲ 3.04% BUENAVENTURA 30.76 ▲ 3.14% MERCADOLIBRE 1,875 ▲ 0.40% NUBANK 13.98 ▲ 2.23% XP 16.83 ▲ 2.78% PAGSEGURO 9.24 ▼ 0.43% STONE 11.23 ▲ 0.72% GLOBANT 31.72 ▼ 1.26% TECNOGLASS 43.25 ▲ 0.96% GAP AIRPORT 222.02 ▼ 4.62% ASUR 278.60 ▼ 0.02% OMA AIRPORT 107.29 ▲ 1.09% AMX ADR 26.20 ▲ 0.65% FEMSA ADR 134.20 ▲ 4.02% CEMEX ADR 12.76 ▲ 2.45% PETROBRAS ADR 17.95 ▲ 0.36% VALE ADR 14.58 ▲ 2.79% ITAU ADR 8.57 ▲ 1.18% SANTANDER BR 5.41 ▲ 1.03% AMBEV ADR 3.10 ▲ 1.31% CSN 1.02 ▼ 0.97% GERDAU 4.58 ▲ 2.00% LATAM ADR 53.76 ▲ 0.80% BTC 64,564 ▲ 3.74% ETH 1,867 ▲ 5.26% SOL 77.01 ▲ 2.87% XRP 1.10 ▲ 3.31% BNB 580.00 ▲ 2.36% ADA 0.16 ▲ 4.31% DOGE 0.07 ▲ 3.42% AVAX 6.64 ▲ 3.04% LINK 8.24 ▲ 4.60% DOT 0.85 ▲ 1.85% LTC 44.44 ▲ 2.19% BCH 236.62 ▲ 0.16% TRX 0.33 ▲ 0.33% XLM 0.18 ▲ 1.96% HBAR 0.07 ▲ 0.42% NEAR 2.03 ▲ 5.96% ATOM 1.56 ▲ 1.30% AAVE 99.60 ▲ 5.55% SELIC 14.25% EMBRAER 83.00 ▼ 0.01% EMBRAER ADR 65.37 ▲ 1.37% JBS 11.83 ▲ 0.25% JBS BDR 59.98 ▼ 1.04% MBRF3 16.01 ▲ 1.84% MBRFY 3.10 ▲ 1.64% INTER 5.67 ▲ 0.27% EGX 52,299 ▼ 0.59% USD/ZAR 16.36 ▼ 0.59% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.12 ▼ 0.19% USD/CNY 6.7592 ▼ 0.17% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD 1.1435 ▲ 0.42% GBP/USD 1.3390 ▲ 0.31% SPX 7,545 ▲ 0.39% DJI 52,423 ▼ 0.14% NDX 29,621 ▲ 1.22% RUT 2,968 ▲ 0.50% TSX 35,322 ▲ 0.20% VIX 16.50 ▼ 3.85% USD/CAD 1.4060 ▼ 0.66% US10Y 4.5830 ▼ 0.56%
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Gone Fishin

By · March 6, 2012 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – “Summertime, and the livin’ is easy. Fish are jumpin’…” George Gershwin knew all about Brazilian politics. On the summery first day of March 2012, President Dilma (“the Big D”) should have been ashamed of herself. Sadly, she wasn’t, according to her doppelganger Ideli (the “Little D”).

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One day later, at a ceremony transferring the command of the Ministry of Fishing and Aquiculture, the Big D milked out a tear, but it wasn’t from shame. She was sad she’d summarily sacked, for the second time in less than a year, one of her most faithful PT supporters.

Lula (“the Big Squid”) created this pointless, useless Ministry, just as he invented ten other new ministries, thus swelling the school of bottom-feeders from 26 to 37.

His first appointee was a political scientist; his second was a veterinarian. When the Big D took office she appointed the Little D (a physicist), then demoted a metalworker from a more visible Ministry.

What do the political scientist, veterinarian, physicist and metalworker have in common, other than not knowing anything at all about fish? They’re all PT party faithful, and all singularly unsuccessful in getting elected to any public office at all, even after Lula led PT out of the shallows into richer, more krill-filled thalassic streams.

New appointee Marcelo Crivella, a Civil Engineer, is a seahorse of a different color. Although admittedly a fish out of water in matters piscicultural, he knows how to be elected—before this Poseidon adventure, he was Senator from the State of Rio.

More to the point, he is a standard bearer of one of the “minnow” parties the Big Squid was able to drag into his electoral net—PRB. The Little D’s justification for handing him his trident, calling him Neptune and throwing him into the deep end, was that PRB had not yet had any ministries to paddle around in.

Not coincidentally, PRB is the private preserve of the soi-disant “evangelical wing” of the Brazilian Congress -a group of religious rightists who make Rick Santorum look downright Darwinesque. PRB have been loudly unhappy with the liberal leanings of many of the Big D’s cohorts, and are threatening to run their own candidate for mayor of São Paulo, thus siphoning off votes from the Big Squid’s candidate.

Now that PRB have received their own small bucket of chum, it’s expected that the PRB mayoralty candidate will throw himself on his swordfish and drift discreetly down into the depths.

The Ministry of Fishing and Aquiculture is the bottom of the deep blue seafood chain in terms of patronage. It only turns over some R$150 million per annum; that’s a lot higher than the R$7 million a few years ago, but it’s still pocket change compared to, say, the Ministry of Transports. So, no matter how hard the new Lord High Angler tries, he’s got very few worms to put on his hook.

The Curmudgeon knows that not a single one of the prior ministers has done anything positive for the fishing industry or for individual Brazilian commercial fishermen. What it has done is employ hundreds of PT faithful, and present projects designed to enrich those who will support PT candidates with their rake-offs.

That, in a nutshell, is what is wrong about the Big Squid’s coalition strategy, now endorsed by the Bid D—every party receives a Ministry it can plunder for cash.

———
Michael Royster, aka THE CURMUDGEON first saw Rio forty-plus years ago, moved here thirty-plus years ago, still loves it, notwithstanding being a charter member of the most persecuted minority in (North) America today, the WASPs (google it!)(get over it!)

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