IBOV 176,145 ▲ 0.23% IPSA 10,928 ▲ 0.16% IPC MEX 66,623 ▲ 0.98% MERVAL 3,230,778 ▼ 0.14% COLCAP 2,298.82 ▼ 0.38% BVL PERÚ 56,428.20 ▲ 1.62% USD/BRL5.08▼ 1.20% USD/MXN17.42▼ 0.62% USD/CLP923.08▼ 1.05% USD/COP3,254▼ 0.25% 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▼ 0.34% BRENT 84.81 ▲ 1.81% WTI 78.99 ▲ 1.09% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,070 ▲ 1.83% SILVER 59.21 ▲ 2.73% SOY 1,192 ▼ 0.87% CORN 459.75 ▲ 5.03% WHEAT 645.00 ▲ 2.87% COFFEE 333.25 ▼ 2.39% SUGAR 14.88 ▲ 0.88% ORANGE JUICE 139.15 ▼ 2.39% COTTON 81.68 ▲ 2.32% COCOA 5,849 ▲ 2.69% BEEF 231.70 ▼ 1.29% CATTLE 349.25 ▼ 1.44% LITHIUM 71.43 ▲ 1.69% PETR4 40.78 ▲ 0.30% VALE3 73.94 ▲ 1.50% ITUB4 43.47 ▼ 0.11% BBDC4 18.61 ▼ 0.85% ABEV3 15.89 ▲ 0.38% BBAS3 20.48 ▲ 1.19% B3SA3 15.30 ▲ 1.19% WEGE3 44.23 ▼ 0.36% PRIO3 56.91 ▼ 0.51% SUZB3 41.05 ▼ 1.06% RENT3 40.27 ▲ 0.17% AZZA3 18.86 ▼ 1.87% CSAN3 3.89 ▼ 0.26% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 53.98 ▼ 0.11% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.67 ▼ 1.44% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.01 ▲ 0.75% CSNA3 5.12 ▼ 2.29% CMIN3 5.23 ▼ 4.04% USIM5 8.24 ▼ 1.67% GGBR4 23.10 ▲ 1.23% ENEV3 26.90 ▲ 0.07% CPFE3 47.01 ▲ 0.36% CMIG4 11.10 ▲ 0.27% EQTL3 40.56 ▲ 0.87% LREN3 14.12 ▼ 0.21% VIVT3 35.11 ▲ 1.09% RAIL3 14.13 ▲ 0.14% KLABIN 17.34 ▼ 0.80% RAIA DROGASIL 18.39 ▲ 1.04% RDOR3 35.58 ▲ 0.06% HAPV3 10.63 ▲ 1.63% FLRY3 16.27 ▲ 0.74% SMTO3 16.11 ▼ 1.59% UGPA3 30.12 ▼ 2.62% VBBR3 32.90 ▲ 0.43% BBSE3 40.15 ▼ 0.32% BPAC11 57.89 ▲ 0.64% CURY3 32.78 ▼ 1.03% AERI3 2.09 ▲ 0.48% VIVARA 23.25 ▲ 0.61% COMPASS 25.10 ▲ 1.33% VAMOS 3.05 ▲ 0.99% SANB11 27.28 ▼ 0.33% ASAI3 8.65 ▼ 0.69% SBSP3 30.31 ▼ 0.20% WALMEX 49.46 ▼ 0.38% GMEXICO 201.60 ▲ 3.07% FEMSA 233.13 ▲ 3.45% CEMEX 22.10 ▲ 1.47% GFNORTE 186.49 ▲ 2.43% BIMBO 56.23 ▲ 0.64% TELEVISA 9.38 ▼ 2.39% AMX 22.86 ▲ 1.20% GAP 387.64 ▼ 5.03% ASUR 277.70 ▼ 0.34% OMA 234.10 ▲ 0.33% KOF 182.19 ▲ 0.28% GRUMA 282.64 ▲ 0.45% KIMBER 38.43 ▲ 0.55% SQM-B 67,600 ▲ 0.58% COPEC 6,070 ▲ 0.21% BSANTANDER 78.76 ▲ 0.72% FALABELLA 5,906 ▲ 0.02% ENELAM 85.35 ▲ 1.37% CENCOSUD 2,070 ▲ 1.47% CMPC 1,082 ▲ 0.38% BANCO CHILE 188.39 ▲ 1.83% LATAM AIR 24.51 ▼ 1.57% YPF 77,100 ▼ 0.10% GGAL 8,050 ▼ 0.37% PAMPA 5,210 ▼ 0.29% TXAR 665.00 ▲ 0.08% ALUAR 961.00 ▼ 0.36% TGS 9,680 ▲ 1.15% CEPU 2,294 ▼ 1.08% MIRGOR 16,800 ▼ 1.18% COME 45.14 ▲ 0.80% LOMA NEGRA 3,540 ▲ 1.22% BYMA 306.00 ▼ 0.73% TELECOM ARG 4,250 — 0.00% ECOPETROL 15.97 ▲ 0.54% BANCOLOMBIA 81.87 ▲ 1.80% GRUPO AVAL 4.93 ▲ 0.41% CREDICORP 391.65 ▲ 0.62% SOUTHERN COPPER 180.22 ▲ 3.26% BUENAVENTURA 30.73 ▲ 3.03% MERCADOLIBRE 1,873 ▲ 0.29% NUBANK 13.98 ▲ 2.23% XP 16.76 ▲ 2.35% PAGSEGURO 9.24 ▼ 0.48% STONE 11.21 ▲ 0.49% GLOBANT 31.79 ▼ 1.03% TECNOGLASS 43.43 ▲ 1.37% GAP AIRPORT 222.56 ▼ 4.39% ASUR 277.70 ▼ 0.34% OMA AIRPORT 107.54 ▲ 1.33% AMX ADR 26.17 ▲ 0.54% FEMSA ADR 133.90 ▲ 3.79% CEMEX ADR 12.72 ▲ 2.13% PETROBRAS ADR 17.98 ▲ 0.53% VALE ADR 14.54 ▲ 2.56% ITAU ADR 8.55 ▲ 0.97% SANTANDER BR 5.39 ▲ 0.75% AMBEV ADR 3.10 ▲ 1.31% CSN 1.01 ▼ 1.94% GERDAU 4.57 ▲ 1.67% LATAM ADR 53.43 ▲ 0.19% BTC 64,775 ▲ 4.07% ETH 1,874 ▲ 5.64% SOL 77.29 ▲ 3.24% XRP 1.11 ▲ 3.85% BNB 582.36 ▲ 2.78% ADA 0.17 ▲ 5.83% DOGE 0.08 ▲ 4.55% AVAX 6.67 ▲ 3.50% LINK 8.30 ▲ 5.45% DOT 0.86 ▲ 2.69% LTC 44.85 ▲ 3.13% BCH 239.14 ▲ 1.23% TRX 0.32 ▲ 0.26% XLM 0.19 ▲ 2.59% HBAR 0.07 ▲ 0.60% NEAR 2.04 ▲ 6.27% ATOM 1.56 ▲ 1.24% AAVE 100.09 ▲ 6.07% SELIC 14.25% EMBRAER 82.89 ▼ 0.14% EMBRAER ADR 65.27 ▲ 1.23% JBS 11.86 ▲ 0.51% JBS BDR 60.20 ▼ 0.68% MBRF3 15.97 ▲ 1.59% MBRFY 3.10 ▲ 1.64% INTER 5.67 ▲ 0.35% IBOV 176,145 ▲ 0.23% IPSA 10,928 ▲ 0.16% IPC MEX 66,623 ▲ 0.98% MERVAL 3,230,778 ▼ 0.14% COLCAP 2,298.82 ▼ 0.38% BVL PERÚ 56,428.20 ▲ 1.62% USD/BRL 5.08 ▼ 1.18% USD/MXN 17.43 ▼ 0.58% USD/CLP 923.23 ▼ 1.04% USD/COP 3,255 ▼ 0.22% 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 ▼ 0.34% BRENT 84.81 ▲ 1.81% WTI 78.99 ▲ 1.09% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,070 ▲ 1.83% SILVER 59.21 ▲ 2.73% SOY 1,192 ▼ 0.87% CORN 459.75 ▲ 5.03% WHEAT 645.00 ▲ 2.87% COFFEE 333.25 ▼ 2.39% SUGAR 14.88 ▲ 0.88% ORANGE JUICE 139.15 ▼ 2.39% COTTON 81.68 ▲ 2.32% COCOA 5,849 ▲ 2.69% BEEF 231.70 ▼ 1.29% CATTLE 349.25 ▼ 1.44% LITHIUM 71.43 ▲ 1.69% PETR4 40.78 ▲ 0.30% VALE3 73.94 ▲ 1.50% ITUB4 43.47 ▼ 0.11% BBDC4 18.61 ▼ 0.85% ABEV3 15.89 ▲ 0.38% BBAS3 20.48 ▲ 1.19% B3SA3 15.30 ▲ 1.19% WEGE3 44.23 ▼ 0.36% PRIO3 56.91 ▼ 0.51% SUZB3 41.05 ▼ 1.06% RENT3 40.27 ▲ 0.17% AZZA3 18.86 ▼ 1.87% CSAN3 3.89 ▼ 0.26% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 53.98 ▼ 0.11% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.67 ▼ 1.44% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.01 ▲ 0.75% CSNA3 5.12 ▼ 2.29% CMIN3 5.23 ▼ 4.04% USIM5 8.24 ▼ 1.67% GGBR4 23.10 ▲ 1.23% ENEV3 26.90 ▲ 0.07% CPFE3 47.01 ▲ 0.36% CMIG4 11.10 ▲ 0.27% EQTL3 40.56 ▲ 0.87% LREN3 14.12 ▼ 0.21% VIVT3 35.11 ▲ 1.09% RAIL3 14.13 ▲ 0.14% KLABIN 17.34 ▼ 0.80% RAIA DROGASIL 18.39 ▲ 1.04% RDOR3 35.58 ▲ 0.06% HAPV3 10.63 ▲ 1.63% FLRY3 16.27 ▲ 0.74% SMTO3 16.11 ▼ 1.59% UGPA3 30.12 ▼ 2.62% VBBR3 32.90 ▲ 0.43% BBSE3 40.15 ▼ 0.32% BPAC11 57.89 ▲ 0.64% CURY3 32.78 ▼ 1.03% AERI3 2.09 ▲ 0.48% VIVARA 23.25 ▲ 0.61% COMPASS 25.10 ▲ 1.33% VAMOS 3.05 ▲ 0.99% SANB11 27.28 ▼ 0.33% ASAI3 8.65 ▼ 0.69% SBSP3 30.31 ▼ 0.20% WALMEX 49.46 ▼ 0.38% GMEXICO 201.60 ▲ 3.07% FEMSA 233.13 ▲ 3.45% CEMEX 22.10 ▲ 1.47% GFNORTE 186.49 ▲ 2.43% BIMBO 56.23 ▲ 0.64% TELEVISA 9.38 ▼ 2.39% AMX 22.86 ▲ 1.20% GAP 387.64 ▼ 5.03% ASUR 277.70 ▼ 0.34% OMA 234.10 ▲ 0.33% KOF 182.19 ▲ 0.28% GRUMA 282.64 ▲ 0.45% KIMBER 38.43 ▲ 0.55% SQM-B 67,600 ▲ 0.58% COPEC 6,070 ▲ 0.21% BSANTANDER 78.76 ▲ 0.72% FALABELLA 5,906 ▲ 0.02% ENELAM 85.35 ▲ 1.37% CENCOSUD 2,070 ▲ 1.47% CMPC 1,082 ▲ 0.38% BANCO CHILE 188.39 ▲ 1.83% LATAM AIR 24.51 ▼ 1.57% YPF 77,100 ▼ 0.10% GGAL 8,050 ▼ 0.37% PAMPA 5,210 ▼ 0.29% TXAR 665.00 ▲ 0.08% ALUAR 961.00 ▼ 0.36% TGS 9,680 ▲ 1.15% CEPU 2,294 ▼ 1.08% MIRGOR 16,800 ▼ 1.18% COME 45.14 ▲ 0.80% LOMA NEGRA 3,540 ▲ 1.22% BYMA 306.00 ▼ 0.73% TELECOM ARG 4,250 — 0.00% ECOPETROL 15.97 ▲ 0.54% BANCOLOMBIA 81.87 ▲ 1.80% GRUPO AVAL 4.93 ▲ 0.41% CREDICORP 391.65 ▲ 0.62% SOUTHERN COPPER 180.22 ▲ 3.26% BUENAVENTURA 30.73 ▲ 3.03% MERCADOLIBRE 1,873 ▲ 0.29% NUBANK 13.98 ▲ 2.23% XP 16.76 ▲ 2.35% PAGSEGURO 9.24 ▼ 0.48% STONE 11.21 ▲ 0.49% GLOBANT 31.79 ▼ 1.03% TECNOGLASS 43.43 ▲ 1.37% GAP AIRPORT 222.56 ▼ 4.39% ASUR 277.70 ▼ 0.34% OMA AIRPORT 107.54 ▲ 1.33% AMX ADR 26.17 ▲ 0.54% FEMSA ADR 133.90 ▲ 3.79% CEMEX ADR 12.72 ▲ 2.13% PETROBRAS ADR 17.98 ▲ 0.53% VALE ADR 14.54 ▲ 2.56% ITAU ADR 8.55 ▲ 0.97% SANTANDER BR 5.39 ▲ 0.75% AMBEV ADR 3.10 ▲ 1.31% CSN 1.01 ▼ 1.94% GERDAU 4.57 ▲ 1.67% LATAM ADR 53.43 ▲ 0.19% BTC 64,775 ▲ 4.07% ETH 1,874 ▲ 5.64% SOL 77.29 ▲ 3.24% XRP 1.11 ▲ 3.85% BNB 582.36 ▲ 2.78% ADA 0.17 ▲ 5.83% DOGE 0.08 ▲ 4.55% AVAX 6.67 ▲ 3.50% LINK 8.30 ▲ 5.45% DOT 0.86 ▲ 2.69% LTC 44.85 ▲ 3.13% BCH 239.14 ▲ 1.23% TRX 0.32 ▲ 0.26% XLM 0.19 ▲ 2.59% HBAR 0.07 ▲ 0.60% NEAR 2.04 ▲ 6.27% ATOM 1.56 ▲ 1.24% AAVE 100.09 ▲ 6.07% SELIC 14.25% EMBRAER 82.89 ▼ 0.14% EMBRAER ADR 65.27 ▲ 1.23% JBS 11.86 ▲ 0.51% JBS BDR 60.20 ▼ 0.68% MBRF3 15.97 ▲ 1.59% MBRFY 3.10 ▲ 1.64% INTER 5.67 ▲ 0.35%
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The Curmudgeon on Boys Will Be Boys

By · March 13, 2012 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – On the Ca-lends of March, a couple of weeks before a planned visit to Brazil to view several cities which will host World Cup matches in 2014, Mr. Jerôme Valcke, FIFA’s General Secretary, made some pointed criticisms about Brazil’s lack of progress towards hosting the Cup. Using earthy language, he said Brazil needed a “kick up the backside” to get things moving. He pointed out that hotel space, airports and football stadiums are everywhere far behind schedule. Everyone in Brazil knows Mr. Valcke is right.

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Everyone, that is, except the recently appointed Minister of Sports, Aldo Rebelo, who called Mr. Valcke’s remark a slur on Brazil as a whole, his Ministry and his Government in particular. So, in retribution the Brazilian government announced it would refuse to deal with Mr. Valcke — FIFA must send another delegate. Mr. Valcke called that position “puerile.” Everyone in Brazil knows Mr. Valcke is right.

Puerility, however, is a highly contagious disease. Joseph Blatter, the President of FIFA, issued an apology, where he denied any intent to denigrate anyone at all, much less the Minister or the President of Brazil. He then had the chutzpah to invite himself to visit President Dilma. And he postponed Mr. Valcke’s planned inspection trip until after this visit.

Puerile comes from the Latin word “puer” meaning “young boy.” President Dilma, who is not a boy, and who knows football is a sport where young boys love to cavort to impress both their peers and by-standing puellae (young girls), has remained silent throughout this posturing. She did manage to convince the Congressional committee to approve the so-called “FIFA Law” and send it to the floor of Congress.

A vote may not happen soon. A potpourri of populist politicos, prominent among whom is former football hero Romário, now a federal deputy from Rio de Janeiro. They have decided to contest all of the changes in Brazilian legislation that FIFA seeks, calling them affronts to Brazil’s sovereignty.

Among these affronts is the “right” of “students” (age fifteen to 29!) and the “aged” (over sixty!!) and those who turn in illegal firearms (!!!) to attend sporting events at half price. The biggest bone of contention, though, is the “right” of Brazilian states to ban the consumption of alcoholic beverages in football stadiums. Everyone in Brazil knows Budweiser (which belongs to InBev and is controlled by Brazilians) is FIFA’s biggest sponsor.

FIFA has the option, until June this year, to change the venue of the 2014 World Cup. There are lots of countries (e.g. the UK and the U.S.) which could host it without breaking a sweat. The grounds for this would be that Brazil has betrayed those solemn promises, made by former President Lula, that all those legislative changes would happen. He told FIFA not to worry, because he and his coalition of parties would take care of everything.

Everybody in Brazil knows this, including President Dilma and Minister Rebelo. But they don’t really believe that FIFA will be so puerile as to say “if you won’t play by my rules, I’ll take my ball elsewhere.” Perhaps they should. For sure what they should be doing now, rather than pretending to be offended by Mr. Valcke’s remarks, is accept them as true, and begin distributing a few kicks in the backside to those responsible for getting things ready for 2014.

———
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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