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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Tuesday, July 14, 2026

Lapses and Collapses

By · January 31, 2012 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – The entire world took note this past week that three large office buildings in downtown Rio, right across from the recently renovated Theatro Municipal, collapsed into a heap of rubble, as if they’d been imploded. A score of people have been killed, some few are still missing and presumed dead. How could this happen? Because of a lapse.

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Gas and sewer explosions, some fatal, have been all the rage in Rio recently, so the first presumed villain was an exploding gas line. However, not a single bystander could remember hearing any explosion, all the manhole covers in the area were still intact, and there was no smell of gas anywhere near the wreckage.

People did remember, though, that both the third and the ninth floor had been gutted and were being completely refurbished. Some people who used to work in the building now claim to remember seeing workmen on the ninth floor hammering on some of the load-bearing columns. But memory can be tricky.

Another guesstimate was a structural defect in the tallest building, which collapsed first and dragged down the other two. Although the 70 year old building had seemed strong, pictures from an earlier epoch show that the top four or five floors, originally set back from the front, had been extended frontwards. Could it be that the weight from those extensions was eventually the cause?

The head-scratching continues apace. Engineers vie with architects and building contractors to propound the most reasonable cause, but there’s precious little evidence to go by. The one thing everybody agrees on is that the refurbishing work (“obras”) on the third and ninth floors had not had any prior authorization from the city authorities, nor from CREA, the quasi-governmental certifying institution for engineers and their work. In the mind of the populace, no permit equals guilt.

The owners of these floors deny everything, in the style so common to those trying to squirm out from under liability. First they say there was no “obra”, just internal redecorating. Next, they say it was an “obra” but they had permits, or at least had applied for the permits. Next they say their civil engineer said going ahead with the “obra” was okay, as did the “síndico” of the building. These latter worthies, of course, deny saying any such thing, lest they be slapped in irons.

Why are those of us who live in Rio not surprised? Because we know that owners of floors are pretty much free to do whatever they want with them, unless it affects the other floors. So people regularly add extra floors on top of buildings, stretch out the backs and fronts, creating more weight, all without bothering to obtain any official permit. Everyone else in the building, including the síndico, just turns a blind eye.

But perhaps it really was a structural failure, caused gradually by the excess weight added over the years. No one knows, because no one ever inspects the structural safety of buildings in Rio. Elevators, fire prevention equipment, sanitation and working conditions are all inspected–but nobody inspects the structure itself.

That is a lapse that led to a collapse.

____
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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