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20.23 ▲ 0.30% B3SA3 15.05 ▼ 1.38% WEGE3 42.87 ▼ 0.60% PRIO3 58.89 ▲ 2.08% SUZB3 41.74 ▼ 0.36% RENT3 36.71 ▼ 2.08% AZZA3 17.65 ▼ 2.86% CSAN3 3.72 ▼ 2.62% RAIZ4 0.28 ▲ 3.70% PCAR3 2.69 ▲ 3.46% GMAT3 3.81 ▼ 1.04% PSSA3 53.43 ▼ 1.42% CVCB3 1.14 ▲ 5.56% POSI3 3.74 ▲ 1.08% SLCE3 13.70 ▲ 0.96% NATU3 8.65 ▲ 0.23% BRKM5 5.95 ▲ 0.17% RANI3 7.86 ▼ 1.63% CSNA3 5.11 ▲ 0.79% CMIN3 5.52 ▲ 2.41% USIM5 8.30 ▲ 1.72% GGBR4 23.58 ▼ 0.17% ENEV3 25.23 ▼ 1.64% CPFE3 46.27 ▼ 0.11% CMIG4 10.93 ▼ 0.82% EQTL3 38.60 ▼ 1.76% LREN3 13.21 ▼ 0.75% VIVT3 35.48 ▼ 0.53% RAIL3 13.36 ▼ 1.55% KLABIN 17.41 ▼ 0.40% RAIA DROGASIL 18.53 ▼ 0.86% RDOR3 33.92 ▼ 4.32% HAPV3 11.32 ▼ 1.99% FLRY3 16.37 ▼ 1.15% SMTO3 15.36 ▼ 0.32% UGPA3 31.25 ▼ 1.42% VBBR3 33.18 ▼ 2.73% BBSE3 41.04 ▼ 0.02% BPAC11 55.50 ▼ 0.61% CURY3 29.78 ▼ 1.36% AERI3 2.02 ▼ 2.42% VIVARA 21.58 ▼ 1.73% COMPASS 24.33 ▼ 1.10% VAMOS 3.11 ▲ 0.65% SANB11 27.47 ▲ 1.70% ASAI3 8.15 ▲ 0.12% SBSP3 28.50 ▼ 1.66% WALMEX 49.45 ▲ 0.14% GMEXICO 205.00 ▲ 2.08% FEMSA 226.88 ▼ 0.04% 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▲ 3.70% PCAR3 2.69 ▲ 3.46% GMAT3 3.81 ▼ 1.04% PSSA3 53.43 ▼ 1.42% CVCB3 1.14 ▲ 5.56% POSI3 3.74 ▲ 1.08% SLCE3 13.70 ▲ 0.96% NATU3 8.65 ▲ 0.23% BRKM5 5.95 ▲ 0.17% RANI3 7.86 ▼ 1.63% CSNA3 5.11 ▲ 0.79% CMIN3 5.52 ▲ 2.41% USIM5 8.30 ▲ 1.72% GGBR4 23.58 ▼ 0.17% ENEV3 25.23 ▼ 1.64% CPFE3 46.27 ▼ 0.11% CMIG4 10.93 ▼ 0.82% EQTL3 38.60 ▼ 1.76% LREN3 13.21 ▼ 0.75% VIVT3 35.48 ▼ 0.53% RAIL3 13.36 ▼ 1.55% KLABIN 17.41 ▼ 0.40% RAIA DROGASIL 18.53 ▼ 0.86% RDOR3 33.92 ▼ 4.32% HAPV3 11.32 ▼ 1.99% FLRY3 16.37 ▼ 1.15% SMTO3 15.36 ▼ 0.32% UGPA3 31.25 ▼ 1.42% VBBR3 33.18 ▼ 2.73% BBSE3 41.04 ▼ 0.02% BPAC11 55.50 ▼ 0.61% CURY3 29.78 ▼ 1.36% AERI3 2.02 ▼ 2.42% VIVARA 21.58 ▼ 1.73% COMPASS 24.33 ▼ 1.10% VAMOS 3.11 ▲ 0.65% SANB11 27.47 ▲ 1.70% ASAI3 8.15 ▲ 0.12% SBSP3 28.50 ▼ 1.66% WALMEX 49.45 ▲ 0.14% GMEXICO 205.00 ▲ 2.08% FEMSA 226.88 ▼ 0.04% CEMEX 22.04 ▲ 0.73% GFNORTE 183.12 ▲ 1.73% BIMBO 59.24 ▼ 0.44% TELEVISA 9.64 ▼ 0.72% AMX 22.80 ▲ 0.26% GAP 377.66 ▼ 0.14% ASUR 473.37 ▼ 0.66% OMA 225.10 ▼ 0.59% KOF 181.19 ▲ 0.21% GRUMA 287.71 ▲ 0.04% KIMBER 38.14 ▼ 0.65% SQM-B 63,756 ▲ 1.01% COPEC 6,300 ▲ 1.61% BSANTANDER 78.40 ▲ 3.04% FALABELLA 5,836 ▼ 0.67% ENELAM 84.07 ▼ 0.05% CENCOSUD 2,000 ▲ 0.26% CMPC 1,080 ▲ 1.31% BANCO CHILE 190.49 ▲ 2.14% LATAM AIR 24.35 ▼ 0.25% YPF 80,375 ▲ 1.48% GGAL 7,945 ▲ 1.27% PAMPA 5,470 ▲ 3.80% TXAR 666.00 ▼ 0.67% ALUAR 968.50 ▲ 0.94% TGS 9,635 ▲ 1.42% CEPU 2,327 ▲ 1.66% MIRGOR 16,600 ▼ 3.07% COME 43.23 ▲ 0.65% LOMA NEGRA 3,620 ▲ 1.33% BYMA 293.25 ▼ 0.17% TELECOM ARG 4,208 ▲ 1.51% ECOPETROL 16.45 ▲ 2.62% BANCOLOMBIA 81.56 ▲ 0.92% GRUPO AVAL 4.99 ▲ 0.81% CREDICORP 391.73 ▲ 1.26% SOUTHERN COPPER 182.95 ▲ 4.50% BUENAVENTURA 30.85 ▲ 2.63% MERCADOLIBRE 1,804 ▼ 1.58% NUBANK 14.12 ▲ 0.89% XP 16.50 ▼ 1.79% PAGSEGURO 9.31 ▲ 0.16% STONE 10.91 ▼ 1.93% GLOBANT 32.43 ▲ 0.43% TECNOGLASS 45.71 ▼ 0.87% GAP AIRPORT 216.50 ▼ 0.29% ASUR 473.37 ▼ 0.66% OMA AIRPORT 103.45 ▼ 0.54% AMX ADR 26.12 ▲ 0.08% FEMSA ADR 130.32 ▲ 0.24% CEMEX ADR 12.67 ▲ 1.44% PETROBRAS ADR 18.39 ▲ 1.07% VALE 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Tuesday, July 21, 2026

The Curmudgeon: “It’s not the 20 centavos!” (Revisited)

By · August 20, 2013 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – This past week, protests about buses have broken out anew, with the Rio Municipal Assembly building taken over by demonstrators. Why all this tumult again?

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The reason is simple. Arrangements between the city of Rio and the (privately owned) bus companies are, and always have been, an impenetrable thicket, into which prying eyes are most definitely not invited. There is no transparency, no publicity, no nothing.

What people know is that the municipal bus service in Rio is dreadful — the buses are in wretched shape, almost none of them have air conditioning, the drivers work at least twelve-hour shifts in horrendous traffic and receive no training whatsoever in how to drive or how to deal with customers, meaning the public.

Perhaps the biggest problem is the lack of bus service in the poorer quarters, where people really need them. The bus cartel has effectively abdicated its responsibilities there in favor of vans, which are controlled by criminals and are not a viable solution to the problem.

It has long been alleged that the bus companies are a cartel, an oligopoly, whose members conspire with each other to fix prices and routes and their failure to invest in equipment or training, not to mention the ability to insist on miserable working conditions without any oversight from the authorities.

How can they do that? It has long been known that the biggest campaign financiers of Rio’s “vereadores” (members of the municipal assembly) are… the bus companies! They all contribute munificently to electing their favorite candidates. In return, they get lucrative contracts with no one snooping around into their operations. For years, this quid pro quo has worked most satisfactorily for the bus companies, but most unsatisfactorily for the public.

Last month, a vereador from PSOL (the only ethical political party in Brazil) proposed that the Assembly should install a CPI, or parliamentary inquiry committee; its task would be to investigate the bus companies. Surprisingly, the Assembly voted in favor of the CPI, although the vote was very close.

Unsurprisingly, however, the sly foxes running the Assembly had an ace up their sleeve. In fact, they had an ace, king, queen and jack. They created a committee with five members — but four of those appointed (including the Chair and the Recorder, the two most important positions) had voted against installing the CPI and conducting the inquiry! The fifth member, as a sop to the masses, was the PSOL vereador who proposed the CPI.

Putting the foxes in charge of the hen-house was just too farcical for those who had begun the protests in June, and demonstrators turned out en masse. They managed to get inside the building, and have been most orderly, as their only purpose is to have a serious CPI. The Chamber leadership tried to get a court order throwing them out, but the judge (no fool she) said the people have the right to be present when the CPI conducts its business.

Protesters are there as this column is written, with signs and banners and placards and sound truck and other paraphernalia. The Curmudgeon is wholeheartedly in favor of this protest, even though he knows that there has not been one single CPI in Brazil since 1988 that has accomplished any good thing. Perhaps this will be the first.

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Michael Royster, aka THE CURMUDGEON first saw Rio forty-plus years ago, fetched up on these shores exactly 36 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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