IBOV 176,131 ▲ 0.22% IPSA 10,928 ▲ 0.16% IPC MEX 66,704 ▲ 1.11% MERVAL 3,236,862 ▲ 0.05% COLCAP 2,300.88 ▼ 0.29% BVL PERÚ 56,428.20 ▲ 2.18% USD/BRL5.08▼ 1.13% USD/MXN17.43▼ 0.56% USD/CLP924.93▼ 0.85% USD/COP3,250▼ 0.40% USD/PEN3.39▼ 0.64% USD/ARS1,473▼ 0.71% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.31▲ 0.39% 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/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.31% BRENT 85.34 ▲ 2.45% WTI 79.51 ▲ 1.75% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.44% GOLD 4,071 ▲ 1.84% SILVER 59.15 ▲ 2.63% SOY 1,192 ▼ 0.85% CORN 460.00 ▲ 5.08% WHEAT 644.00 ▲ 2.71% COFFEE 340.20 ▼ 0.35% SUGAR 14.91 ▲ 1.08% ORANGE JUICE 139.50 ▼ 2.14% COTTON 81.68 ▲ 2.32% COCOA 5,833 ▲ 2.41% BEEF 231.75 ▼ 1.27% CATTLE 348.83 ▼ 1.56% LITHIUM 71.38 ▲ 1.62% PETR4 40.65 ▼ 0.02% VALE3 74.00 ▲ 1.58% ITUB4 43.47 ▼ 0.11% BBDC4 18.60 ▼ 0.91% ABEV3 15.87 ▲ 0.25% BBAS3 20.44 ▲ 0.99% B3SA3 15.33 ▲ 1.39% WEGE3 44.22 ▼ 0.38% PRIO3 57.04 ▼ 0.28% SUZB3 40.98 ▼ 1.23% RENT3 40.35 ▲ 0.37% AZZA3 18.90 ▼ 1.66% CSAN3 3.88 ▼ 0.51% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.96 ▲ 0.51% PSSA3 54.09 ▲ 0.09% CVCB3 1.27 ▲ 1.60% POSI3 3.95 ▼ 1.00% SLCE3 13.69 ▼ 1.30% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.01 ▲ 0.75% CSNA3 5.12 ▼ 2.29% CMIN3 5.27 ▼ 3.30% USIM5 8.23 ▼ 1.79% GGBR4 23.08 ▲ 1.14% ENEV3 26.95 ▲ 0.26% CPFE3 47.03 ▲ 0.41% CMIG4 11.10 ▲ 0.27% EQTL3 40.89 ▲ 1.69% LREN3 14.14 ▼ 0.07% VIVT3 35.22 ▲ 1.41% RAIL3 14.11 — 0.00% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.39 ▲ 1.04% RDOR3 35.67 ▲ 0.31% HAPV3 10.64 ▲ 1.72% FLRY3 16.24 ▲ 0.56% SMTO3 16.14 ▼ 1.41% UGPA3 29.90 ▼ 3.33% VBBR3 33.00 ▲ 0.73% BBSE3 40.25 ▼ 0.07% BPAC11 58.10 ▲ 1.01% CURY3 32.79 ▼ 1.00% AERI3 2.09 ▲ 0.48% VIVARA 23.24 ▲ 0.56% COMPASS 25.15 ▲ 1.53% VAMOS 3.05 ▲ 0.99% SANB11 27.30 ▼ 0.26% ASAI3 8.67 ▼ 0.46% SBSP3 30.31 ▼ 0.20% WALMEX 49.64 ▼ 0.02% GMEXICO 201.86 ▲ 3.21% FEMSA 233.00 ▲ 3.39% CEMEX 22.20 ▲ 1.93% GFNORTE 186.98 ▲ 2.70% BIMBO 56.30 ▲ 0.77% TELEVISA 9.46 ▼ 1.56% AMX 22.87 ▲ 1.24% GAP 386.45 ▼ 5.33% ASUR 276.97 ▼ 0.61% OMA 234.22 ▲ 0.39% KOF 181.49 ▼ 0.10% GRUMA 282.67 ▲ 0.46% KIMBER 38.44 ▲ 0.58% SQM-B 67,585 ▲ 0.56% COPEC 6,074 ▲ 0.28% BSANTANDER 78.98 ▲ 1.00% FALABELLA 5,911 ▲ 0.10% ENELAM 84.80 ▲ 0.71% CENCOSUD 2,060 ▲ 0.98% CMPC 1,087 ▲ 0.84% BANCO CHILE 188.63 ▲ 1.96% LATAM AIR 24.60 ▼ 1.20% YPF 77,100 ▼ 0.10% GGAL 8,065 ▼ 0.19% PAMPA 5,225 — 0.00% TXAR 665.00 ▲ 0.08% ALUAR 960.00 ▼ 0.47% TGS 9,700 ▲ 1.36% CEPU 2,309 ▼ 0.43% MIRGOR 16,825 ▼ 1.03% COME 45.30 ▲ 1.16% LOMA NEGRA 3,538 ▲ 1.14% BYMA 305.50 ▼ 0.89% TELECOM ARG 4,260 ▲ 0.24% ECOPETROL 15.89 ▲ 0.08% BANCOLOMBIA 81.90 ▲ 1.84% GRUPO AVAL 4.90 ▼ 0.20% CREDICORP 390.89 ▲ 0.43% SOUTHERN COPPER 180.31 ▲ 3.31% BUENAVENTURA 30.90 ▲ 3.61% MERCADOLIBRE 1,871 ▲ 0.22% NUBANK 13.92 ▲ 1.80% XP 16.66 ▲ 1.74% PAGSEGURO 9.18 ▼ 1.13% STONE 11.15 ▼ 0.04% GLOBANT 31.65 ▼ 1.48% TECNOGLASS 43.53 ▲ 1.61% GAP AIRPORT 222.50 ▼ 4.41% ASUR 276.97 ▼ 0.61% OMA AIRPORT 107.71 ▲ 1.49% AMX ADR 26.17 ▲ 0.54% FEMSA ADR 133.88 ▲ 3.77% CEMEX ADR 12.73 ▲ 2.25% PETROBRAS ADR 17.96 ▲ 0.45% VALE ADR 14.54 ▲ 2.50% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.39 ▲ 0.75% AMBEV ADR 3.11 ▲ 1.47% CSN 1.01 ▼ 1.94% GERDAU 4.56 ▲ 1.56% LATAM ADR 53.25 ▼ 0.16% BTC 64,698 ▲ 3.95% ETH 1,871 ▲ 5.52% SOL 77.26 ▲ 3.20% XRP 1.11 ▲ 3.72% BNB 582.66 ▲ 2.83% ADA 0.17 ▲ 5.70% DOGE 0.08 ▲ 4.59% AVAX 6.67 ▲ 3.50% LINK 8.27 ▲ 5.01% DOT 0.86 ▲ 2.45% LTC 44.74 ▲ 2.88% BCH 238.73 ▲ 1.06% TRX 0.33 ▲ 0.30% XLM 0.18 ▲ 2.26% HBAR 0.07 ▲ 0.60% NEAR 2.03 ▲ 5.96% ATOM 1.55 ▲ 1.24% AAVE 99.92 ▲ 5.89% SELIC 14.25% EMBRAER 82.76 ▼ 0.30% EMBRAER ADR 65.32 ▲ 1.30% JBS 11.88 ▲ 0.64% JBS BDR 60.23 ▼ 0.63% MBRF3 15.99 ▲ 1.72% MBRFY 3.10 ▲ 1.64% INTER 5.65 — 0.00% EGX 52,299 ▼ 0.59% USD/ZAR16.37▼ 0.62% 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/JPY162.15▼ 0.18% USD/CNY6.76▼ 0.32% 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▲ 0.42% GBP/USD1.34▼ 0.03% SPX 7,536 ▲ 0.27% DJI 52,414 ▼ 0.16% NDX 29,580 ▲ 1.08% RUT 2,965 ▲ 0.39% TSX 35,317 ▲ 0.18% VIX 16.50 ▼ 3.85% USD/CAD1.41▼ 0.61% US10Y 4.5790 ▼ 0.65% IBOV 176,131 ▲ 0.22% IPSA 10,928 ▲ 0.16% IPC MEX 66,704 ▲ 1.11% MERVAL 3,236,862 ▲ 0.05% COLCAP 2,300.88 ▼ 0.29% BVL PERÚ 56,428.20 ▲ 2.18% USD/BRL 5.08 ▼ 1.13% USD/MXN 17.43 ▼ 0.56% USD/CLP 925.15 ▼ 0.83% USD/COP 3,250 ▼ 0.40% USD/PEN 3.39 ▼ 0.64% 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 58.31 ▲ 0.39% 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 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.31% BRENT 85.34 ▲ 2.45% WTI 79.51 ▲ 1.75% IRON ORE 161.91 — — COPPER 6.39 ▲ 2.44% GOLD 4,071 ▲ 1.84% SILVER 59.15 ▲ 2.63% SOY 1,192 ▼ 0.85% CORN 460.00 ▲ 5.08% WHEAT 644.00 ▲ 2.71% COFFEE 340.20 ▼ 0.35% SUGAR 14.91 ▲ 1.08% ORANGE JUICE 139.50 ▼ 2.14% COTTON 81.68 ▲ 2.32% COCOA 5,833 ▲ 2.41% BEEF 231.75 ▼ 1.27% CATTLE 348.83 ▼ 1.56% LITHIUM 71.38 ▲ 1.62% PETR4 40.65 ▼ 0.02% VALE3 74.00 ▲ 1.58% ITUB4 43.47 ▼ 0.11% BBDC4 18.60 ▼ 0.91% ABEV3 15.87 ▲ 0.25% BBAS3 20.44 ▲ 0.99% B3SA3 15.33 ▲ 1.39% WEGE3 44.22 ▼ 0.38% PRIO3 57.04 ▼ 0.28% SUZB3 40.98 ▼ 1.23% RENT3 40.35 ▲ 0.37% AZZA3 18.90 ▼ 1.66% CSAN3 3.88 ▼ 0.51% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.96 ▲ 0.51% PSSA3 54.09 ▲ 0.09% CVCB3 1.27 ▲ 1.60% POSI3 3.95 ▼ 1.00% SLCE3 13.69 ▼ 1.30% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.01 ▲ 0.75% CSNA3 5.12 ▼ 2.29% CMIN3 5.27 ▼ 3.30% USIM5 8.23 ▼ 1.79% GGBR4 23.08 ▲ 1.14% ENEV3 26.95 ▲ 0.26% CPFE3 47.03 ▲ 0.41% CMIG4 11.10 ▲ 0.27% EQTL3 40.89 ▲ 1.69% LREN3 14.14 ▼ 0.07% VIVT3 35.22 ▲ 1.41% RAIL3 14.11 — 0.00% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.39 ▲ 1.04% RDOR3 35.67 ▲ 0.31% HAPV3 10.64 ▲ 1.72% FLRY3 16.24 ▲ 0.56% SMTO3 16.14 ▼ 1.41% UGPA3 29.90 ▼ 3.33% VBBR3 33.00 ▲ 0.73% BBSE3 40.25 ▼ 0.07% BPAC11 58.10 ▲ 1.01% CURY3 32.79 ▼ 1.00% AERI3 2.09 ▲ 0.48% VIVARA 23.24 ▲ 0.56% COMPASS 25.15 ▲ 1.53% VAMOS 3.05 ▲ 0.99% SANB11 27.30 ▼ 0.26% ASAI3 8.67 ▼ 0.46% SBSP3 30.31 ▼ 0.20% WALMEX 49.64 ▼ 0.02% GMEXICO 201.86 ▲ 3.21% FEMSA 233.00 ▲ 3.39% CEMEX 22.20 ▲ 1.93% GFNORTE 186.98 ▲ 2.70% BIMBO 56.30 ▲ 0.77% TELEVISA 9.46 ▼ 1.56% AMX 22.87 ▲ 1.24% GAP 386.45 ▼ 5.33% ASUR 276.97 ▼ 0.61% OMA 234.22 ▲ 0.39% KOF 181.49 ▼ 0.10% GRUMA 282.67 ▲ 0.46% KIMBER 38.44 ▲ 0.58% SQM-B 67,585 ▲ 0.56% COPEC 6,074 ▲ 0.28% BSANTANDER 78.98 ▲ 1.00% FALABELLA 5,911 ▲ 0.10% ENELAM 84.80 ▲ 0.71% CENCOSUD 2,060 ▲ 0.98% CMPC 1,087 ▲ 0.84% BANCO CHILE 188.63 ▲ 1.96% LATAM AIR 24.60 ▼ 1.20% YPF 77,100 ▼ 0.10% GGAL 8,065 ▼ 0.19% PAMPA 5,225 — 0.00% TXAR 665.00 ▲ 0.08% ALUAR 960.00 ▼ 0.47% TGS 9,700 ▲ 1.36% CEPU 2,309 ▼ 0.43% MIRGOR 16,825 ▼ 1.03% COME 45.30 ▲ 1.16% LOMA NEGRA 3,538 ▲ 1.14% BYMA 305.50 ▼ 0.89% TELECOM ARG 4,260 ▲ 0.24% ECOPETROL 15.89 ▲ 0.08% BANCOLOMBIA 81.90 ▲ 1.84% GRUPO AVAL 4.90 ▼ 0.20% CREDICORP 390.89 ▲ 0.43% SOUTHERN COPPER 180.31 ▲ 3.31% BUENAVENTURA 30.90 ▲ 3.61% MERCADOLIBRE 1,871 ▲ 0.22% NUBANK 13.92 ▲ 1.80% XP 16.66 ▲ 1.74% PAGSEGURO 9.18 ▼ 1.13% STONE 11.15 ▼ 0.04% GLOBANT 31.65 ▼ 1.48% TECNOGLASS 43.53 ▲ 1.61% GAP AIRPORT 222.50 ▼ 4.41% ASUR 276.97 ▼ 0.61% OMA AIRPORT 107.71 ▲ 1.49% AMX ADR 26.17 ▲ 0.54% FEMSA ADR 133.88 ▲ 3.77% CEMEX ADR 12.73 ▲ 2.25% PETROBRAS ADR 17.96 ▲ 0.45% VALE ADR 14.54 ▲ 2.50% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.39 ▲ 0.75% AMBEV ADR 3.11 ▲ 1.47% CSN 1.01 ▼ 1.94% GERDAU 4.56 ▲ 1.56% LATAM ADR 53.25 ▼ 0.16% BTC 64,698 ▲ 3.95% ETH 1,871 ▲ 5.52% SOL 77.26 ▲ 3.20% XRP 1.11 ▲ 3.72% BNB 582.66 ▲ 2.83% ADA 0.17 ▲ 5.70% DOGE 0.08 ▲ 4.59% AVAX 6.67 ▲ 3.50% LINK 8.27 ▲ 5.01% DOT 0.86 ▲ 2.45% LTC 44.74 ▲ 2.88% BCH 238.73 ▲ 1.06% TRX 0.33 ▲ 0.30% XLM 0.18 ▲ 2.26% HBAR 0.07 ▲ 0.60% NEAR 2.03 ▲ 5.96% ATOM 1.55 ▲ 1.24% AAVE 99.92 ▲ 5.89% SELIC 14.25% EMBRAER 82.76 ▼ 0.30% EMBRAER ADR 65.32 ▲ 1.30% JBS 11.88 ▲ 0.64% JBS BDR 60.23 ▼ 0.63% MBRF3 15.99 ▲ 1.72% MBRFY 3.10 ▲ 1.64% INTER 5.65 — 0.00% EGX 52,299 ▼ 0.59% USD/ZAR 16.38 ▼ 0.45% 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 162.14 ▼ 0.18% USD/CNY 6.7576 ▼ 0.20% 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 1.1431 ▲ 0.39% GBP/USD 1.3383 ▲ 0.25% SPX 7,536 ▲ 0.27% DJI 52,414 ▼ 0.16% NDX 29,580 ▲ 1.08% RUT 2,965 ▲ 0.39% TSX 35,317 ▲ 0.18% VIX 16.50 ▼ 3.85% USD/CAD 1.4067 ▼ 0.61% US10Y 4.5790 ▼ 0.65%
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Opinion: Brazil’s Rose Among Thorny Ministers

By · April 6, 2018 · 2 min read

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Opinion by Michael Royster

RIO DE JANEIRO, BRAZIL – As the Curmudgeon writes this, it is less than a day since the STF decided, 6-5, to deny a motion for habeas corpus filed by former President Lula, which would have prevented him from beginning to serve his sentence after his conviction was affirmed by the TRF.

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STF Presiding Justice Cármen Lúcia, maintaining her position that the constitutional presumption of innocence does not prohibit the incarceration of convicted criminals once the initial sentence has been affirmed, cast the final vote.

Hers was not truly the deciding vote, however; that honor belongs to Justice Rosa Maria Weber, almost universally known as “Rosa”. The decisive nature of her vote is because those of the other ten Justices were well known in advance — five on each side of the thorny question of the scope of the constitutional provision on the presumption of non-culpability.

In the 2016 STF decision that overturned a 2009 decision, Rosa was one of the five dissenting Justices. She voted then, and has said she would vote now in a different setting, that the literal language of Art. 5-LVII of the constitution prohibits incarceration of defendants who have not exhausted their appeals.

Unlike many of her STF colleagues, who brazenly crave media attention, Rosa is discreet. She does not grant interviews; she does not appear in politicized symposia; she does not write polemic op-ed pieces. She speaks only “on the record” — meaning her recorded votes in actual cases.

Moreover, and again, unlike many of her colleagues, she is a firm believer in the principle of “stare decisis”: the doctrine of precedence so dear to the common law system of justice. Briefly put, courts and judges should bow to precedent when an issue has previously been brought to the court and a ruling issued.

Since the landmark 2016 STF case, Rosa has decided dozens of habeas corpus motions from convicted criminals seeking to avoid prison; in all but one, she has refused to grant relief. Her decisions explain that she feels bound by the precedent of the full STF decision, even though she disagreed with it. To her mind, once the full court has decided a question, individual Justices should not grant relief prohibited by that decision.

Therefore, Rosa once again voted to deny a convicted criminal (in this case Lula) the relief he sought — a “get out of jail free” card —even though she believes defendants in his situation should benefit from constitutional protection.

Several of her STF colleagues, who argue that stare decisis should not prevail over individual liberties, have publicly criticized her vote. But the Rose remains strong among all the togaed Thorns.

The Curmudgeon salutes Justice Rosa, for maintaining her integrity and her judicial principles in the face of enormous political and judicial pressure. In a future post, he will salute the only other woman Justice, Cármen Lúcia.

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