IBOV 175,967 ▲ 0.13% IPSA 10,928 ▲ 0.16% IPC MEX 66,689 ▲ 1.08% MERVAL 3,231,038 ▼ 0.13% COLCAP 2,292.84 ▼ 0.64% BVL PERÚ 56,428.20 ▲ 1.53% USD/BRL5.07▼ 1.23% USD/MXN17.43▼ 0.58% USD/CLP924.91▼ 0.86% USD/COP3,250▼ 0.39% USD/PEN3.39▼ 0.66% USD/ARS1,473▼ 0.71% 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 84.64 ▲ 1.61% WTI 79.13 ▲ 1.27% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.21% GOLD 4,069 ▲ 1.79% SILVER 59.13 ▲ 2.60% SOY 1,192 ▼ 0.81% CORN 460.75 ▲ 5.25% WHEAT 645.75 ▲ 2.99% COFFEE 324.55 ▼ 4.94% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.60 ▼ 1.37% COTTON 81.68 ▲ 2.32% COCOA 5,912 ▲ 3.79% BEEF 231.80 ▼ 1.25% CATTLE 348.85 ▼ 1.55% LITHIUM 71.24 ▲ 1.43% PETR4 40.56 ▼ 0.25% VALE3 74.06 ▲ 1.66% ITUB4 43.39 ▼ 0.30% BBDC4 18.50 ▼ 1.44% ABEV3 15.84 ▲ 0.06% BBAS3 20.50 ▲ 1.28% B3SA3 15.32 ▲ 1.32% WEGE3 44.22 ▼ 0.38% PRIO3 56.98 ▼ 0.38% SUZB3 41.37 ▼ 0.29% RENT3 40.39 ▲ 0.47% AZZA3 18.80 ▼ 2.19% CSAN3 3.88 ▼ 0.51% RAIZ4 0.31 ▼ 6.06% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 54.20 ▲ 0.30% CVCB3 1.33 ▲ 6.40% POSI3 3.93 ▼ 1.50% SLCE3 13.71 ▼ 1.15% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.02 ▲ 0.88% CSNA3 5.12 ▼ 2.29% CMIN3 5.15 ▼ 5.50% USIM5 8.26 ▼ 1.43% GGBR4 23.16 ▲ 1.49% ENEV3 26.77 ▼ 0.41% CPFE3 47.19 ▲ 0.75% CMIG4 11.11 ▲ 0.36% EQTL3 40.72 ▲ 1.27% LREN3 14.12 ▼ 0.21% VIVT3 35.43 ▲ 2.02% RAIL3 14.13 ▲ 0.14% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.32 ▲ 0.66% RDOR3 35.73 ▲ 0.48% HAPV3 10.64 ▲ 1.72% FLRY3 16.35 ▲ 1.24% SMTO3 16.19 ▼ 1.10% UGPA3 29.90 ▼ 3.33% VBBR3 32.82 ▲ 0.18% BBSE3 40.24 ▼ 0.10% BPAC11 57.70 ▲ 0.31% CURY3 32.67 ▼ 1.36% AERI3 2.08 — 0.00% VIVARA 23.31 ▲ 0.87% COMPASS 25.19 ▲ 1.70% VAMOS 3.05 ▲ 0.99% SANB11 27.28 ▼ 0.33% ASAI3 8.65 ▼ 0.69% SBSP3 30.35 ▼ 0.07% WALMEX 49.53 ▼ 0.24% GMEXICO 200.46 ▲ 2.49% FEMSA 233.44 ▲ 3.59% CEMEX 22.19 ▲ 1.88% GFNORTE 187.05 ▲ 2.74% BIMBO 56.61 ▲ 1.32% TELEVISA 9.47 ▼ 1.46% AMX 22.87 ▲ 1.24% GAP 389.89 ▼ 4.48% ASUR 278.64 ▼ 0.01% OMA 234.04 ▲ 0.31% KOF 181.82 ▲ 0.08% GRUMA 282.09 ▲ 0.26% KIMBER 38.40 ▲ 0.47% SQM-B 67,438 ▲ 0.34% COPEC 6,077 ▲ 0.33% BSANTANDER 78.86 ▲ 0.84% FALABELLA 5,916 ▲ 0.19% ENELAM 85.43 ▲ 1.46% CENCOSUD 2,044 ▲ 0.19% CMPC 1,076 ▼ 0.19% BANCO CHILE 188.21 ▲ 1.74% LATAM AIR 24.88 ▼ 0.08% YPF 77,150 ▼ 0.03% GGAL 8,015 ▼ 0.80% PAMPA 5,185 ▼ 0.77% TXAR 661.00 ▼ 0.53% ALUAR 959.00 ▼ 0.57% TGS 9,695 ▲ 1.31% CEPU 2,313 ▼ 0.26% MIRGOR 16,825 ▼ 1.03% COME 45.15 ▲ 0.83% LOMA NEGRA 3,550 ▲ 1.50% BYMA 302.00 ▼ 2.03% TELECOM ARG 4,285 ▲ 0.82% ECOPETROL 16.02 ▲ 0.85% BANCOLOMBIA 81.33 ▲ 1.13% GRUPO AVAL 4.90 ▼ 0.20% CREDICORP 391.08 ▲ 0.48% SOUTHERN COPPER 179.98 ▲ 3.12% BUENAVENTURA 30.68 ▲ 2.88% MERCADOLIBRE 1,872 ▲ 0.25% NUBANK 14.03 ▲ 2.61% XP 16.79 ▲ 2.57% PAGSEGURO 9.24 ▼ 0.48% STONE 11.21 ▲ 0.54% GLOBANT 31.75 ▼ 1.15% TECNOGLASS 43.44 ▲ 1.40% GAP AIRPORT 223.72 ▼ 3.89% ASUR 278.64 ▼ 0.01% OMA AIRPORT 107.46 ▲ 1.26% AMX ADR 26.20 ▲ 0.65% FEMSA ADR 133.99 ▲ 3.86% CEMEX ADR 12.75 ▲ 2.41% PETROBRAS ADR 17.90 ▲ 0.08% VALE ADR 14.57 ▲ 2.72% ITAU ADR 8.54 ▲ 0.80% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.10 ▲ 1.14% CSN 1.02 ▼ 0.97% GERDAU 4.58 ▲ 2.00% LATAM ADR 53.72 ▲ 0.72% BTC 64,491 ▲ 3.62% ETH 1,868 ▲ 5.33% SOL 77.06 ▲ 2.94% XRP 1.10 ▲ 3.40% BNB 579.93 ▲ 2.35% ADA 0.16 ▲ 4.18% DOGE 0.07 ▲ 3.58% AVAX 6.64 ▲ 3.04% LINK 8.25 ▲ 4.77% DOT 0.85 ▲ 2.09% LTC 44.55 ▲ 2.44% BCH 236.91 ▲ 0.29% TRX 0.33 ▲ 0.39% XLM 0.18 ▲ 1.88% HBAR 0.07 ▲ 0.28% NEAR 2.04 ▲ 6.27% ATOM 1.55 ▲ 1.24% AAVE 99.20 ▲ 5.13% SELIC 14.25% EMBRAER 82.80 ▼ 0.25% EMBRAER ADR 65.28 ▲ 1.24% JBS 11.82 ▲ 0.13% JBS BDR 59.82 ▼ 1.30% MBRF3 16.09 ▲ 2.35% MBRFY 3.10 ▲ 1.64% INTER 5.68 ▲ 0.44% IBOV 175,967 ▲ 0.13% IPSA 10,928 ▲ 0.16% IPC MEX 66,689 ▲ 1.08% MERVAL 3,231,038 ▼ 0.13% COLCAP 2,292.84 ▼ 0.64% BVL PERÚ 56,428.20 ▲ 1.53% USD/BRL 5.07 ▼ 1.23% USD/MXN 17.43 ▼ 0.58% USD/CLP 924.91 ▼ 0.86% USD/COP 3,250 ▼ 0.39% USD/PEN 3.39 ▼ 0.66% USD/ARS 1,473 ▼ 0.71% 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 84.64 ▲ 1.61% WTI 79.13 ▲ 1.27% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.21% GOLD 4,069 ▲ 1.79% SILVER 59.13 ▲ 2.60% SOY 1,192 ▼ 0.81% CORN 460.75 ▲ 5.25% WHEAT 645.75 ▲ 2.99% COFFEE 324.55 ▼ 4.94% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.60 ▼ 1.37% COTTON 81.68 ▲ 2.32% COCOA 5,912 ▲ 3.79% BEEF 231.80 ▼ 1.25% CATTLE 348.85 ▼ 1.55% LITHIUM 71.24 ▲ 1.43% PETR4 40.56 ▼ 0.25% VALE3 74.06 ▲ 1.66% ITUB4 43.39 ▼ 0.30% BBDC4 18.50 ▼ 1.44% ABEV3 15.84 ▲ 0.06% BBAS3 20.50 ▲ 1.28% B3SA3 15.32 ▲ 1.32% WEGE3 44.22 ▼ 0.38% PRIO3 56.98 ▼ 0.38% SUZB3 41.37 ▼ 0.29% RENT3 40.39 ▲ 0.47% AZZA3 18.80 ▼ 2.19% CSAN3 3.88 ▼ 0.51% RAIZ4 0.31 ▼ 6.06% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 54.20 ▲ 0.30% CVCB3 1.33 ▲ 6.40% POSI3 3.93 ▼ 1.50% SLCE3 13.71 ▼ 1.15% NATU3 8.51 ▼ 1.05% BRKM5 6.65 ▼ 4.18% RANI3 8.02 ▲ 0.88% CSNA3 5.12 ▼ 2.29% CMIN3 5.15 ▼ 5.50% USIM5 8.26 ▼ 1.43% GGBR4 23.16 ▲ 1.49% ENEV3 26.77 ▼ 0.41% CPFE3 47.19 ▲ 0.75% CMIG4 11.11 ▲ 0.36% EQTL3 40.72 ▲ 1.27% LREN3 14.12 ▼ 0.21% VIVT3 35.43 ▲ 2.02% RAIL3 14.13 ▲ 0.14% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.32 ▲ 0.66% RDOR3 35.73 ▲ 0.48% HAPV3 10.64 ▲ 1.72% FLRY3 16.35 ▲ 1.24% SMTO3 16.19 ▼ 1.10% UGPA3 29.90 ▼ 3.33% VBBR3 32.82 ▲ 0.18% BBSE3 40.24 ▼ 0.10% BPAC11 57.70 ▲ 0.31% CURY3 32.67 ▼ 1.36% AERI3 2.08 — 0.00% VIVARA 23.31 ▲ 0.87% COMPASS 25.19 ▲ 1.70% VAMOS 3.05 ▲ 0.99% SANB11 27.28 ▼ 0.33% ASAI3 8.65 ▼ 0.69% SBSP3 30.35 ▼ 0.07% WALMEX 49.53 ▼ 0.24% GMEXICO 200.46 ▲ 2.49% FEMSA 233.44 ▲ 3.59% CEMEX 22.19 ▲ 1.88% GFNORTE 187.05 ▲ 2.74% BIMBO 56.61 ▲ 1.32% TELEVISA 9.47 ▼ 1.46% AMX 22.87 ▲ 1.24% GAP 389.89 ▼ 4.48% ASUR 278.64 ▼ 0.01% OMA 234.04 ▲ 0.31% KOF 181.82 ▲ 0.08% GRUMA 282.09 ▲ 0.26% KIMBER 38.40 ▲ 0.47% SQM-B 67,438 ▲ 0.34% COPEC 6,077 ▲ 0.33% BSANTANDER 78.86 ▲ 0.84% FALABELLA 5,916 ▲ 0.19% ENELAM 85.43 ▲ 1.46% CENCOSUD 2,044 ▲ 0.19% CMPC 1,076 ▼ 0.19% BANCO CHILE 188.21 ▲ 1.74% LATAM AIR 24.88 ▼ 0.08% YPF 77,150 ▼ 0.03% GGAL 8,015 ▼ 0.80% PAMPA 5,185 ▼ 0.77% TXAR 661.00 ▼ 0.53% ALUAR 959.00 ▼ 0.57% TGS 9,695 ▲ 1.31% CEPU 2,313 ▼ 0.26% MIRGOR 16,825 ▼ 1.03% COME 45.15 ▲ 0.83% LOMA NEGRA 3,550 ▲ 1.50% BYMA 302.00 ▼ 2.03% TELECOM ARG 4,285 ▲ 0.82% ECOPETROL 16.02 ▲ 0.85% BANCOLOMBIA 81.33 ▲ 1.13% GRUPO AVAL 4.90 ▼ 0.20% CREDICORP 391.08 ▲ 0.48% SOUTHERN COPPER 179.98 ▲ 3.12% BUENAVENTURA 30.68 ▲ 2.88% MERCADOLIBRE 1,872 ▲ 0.25% NUBANK 14.03 ▲ 2.61% XP 16.79 ▲ 2.57% PAGSEGURO 9.24 ▼ 0.48% STONE 11.21 ▲ 0.54% GLOBANT 31.75 ▼ 1.15% TECNOGLASS 43.44 ▲ 1.40% GAP AIRPORT 223.72 ▼ 3.89% ASUR 278.64 ▼ 0.01% OMA AIRPORT 107.46 ▲ 1.26% AMX ADR 26.20 ▲ 0.65% FEMSA ADR 133.99 ▲ 3.86% CEMEX ADR 12.75 ▲ 2.41% PETROBRAS ADR 17.90 ▲ 0.08% VALE ADR 14.57 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Opinion: Brazil’s Mayday! Mayday! Mayday!

By · May 1, 2017 · 3 min read

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Opinion by Michael Royster

RIO DE JANEIRO, BRAZIL – For almost one hundred years, crying Mayday! thrice has been an international signal of distress — it comes from “m’aider” or “help me” in French. Today, the first day of May, is an international holiday around the world, known as Workers’ Day. Brazil is today a country in distress, and there is no indication of where help may come from.

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Two days ago, Brazil had a general strike, which largely paralyzed the city of São Paulo and which saw the return of “black bloc” vandals to Rio’s downtown. Although the Temer administration tried to downplay the strike, it resonated widely across Brazil as a cry for help from desperate people.

A general strike has nothing to do with salaries or working conditions, nor is it a complaint by workers against their employers. Rather, it is a quintessentially political event, where strikers tell the general public that the elected representatives of government are not representing the public interest.

General strikes have long been common in countries such as France and Italy, but Brazil has for the most part rejected them. The last time the entire country came to a halt was back in 1986, as people protested President Sarney’s horrendously ill-conceived and short-lived Plano Cruzado.

Friday’s general strike was triggered by rising negative public reaction to two pieces of legislation — social security and employment law — the Temer administration has promised to enact. Without going into details, the proposals would effectively dismantle a legal safety net superstructure in place for more than seventy years.

In other words, most people alive in Brazil today do not know any other system than that which they were born into, grew up under, lived and worked under, and (sooner, rather than later) retired and grew old under.

Overcoming the natural resistance to a sea change is only possible in a democracy where the people trust their elected government representatives. When that trust disappears, when people no longer believe that their government is acting in good faith to better their lot, no change is feasible.

Brazil today has been shown to be a society governed by crooks and scoundrels. No one in Brazil believes that congress or the administration is serving the public good, the common weal. To the contrary, everyone “knows” that elected officials run for office so as to line their own pockets.

In mid-2013, there were protests against immense government spending on infrastructure for the World Cup and the Olympics, rather than on improving public education, health, sanitation and safety. But then, Dilma and PT were in power, Judge Moro had not begun the Lava-Jato investigations, and many protesters still believed things could get better.

In 2013, some protesters carried placards saying “You don’t represent me” and refused to permit elected politicians from joining their marches or speaking at their rallies. By 2017, no one needs to carry any such sign, because no one believes that any elected politicians represent them.

Hence, the general strike. It’s a cry of “Mayday! Mayday! Mayday!” from desperate people who are hoping against hope that elected politicians will look at them and hear them before they, the people, are thrown under the bus of “reform” they believe will only make their lives worse.

Most Mayday! signals go unanswered. The Curmudgeon believes this one will be no different.

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