IBOV 176,874 ▲ 0.65% IPSA 10,928 ▲ 0.16% IPC MEX 66,605 ▲ 0.96% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,313.36 ▲ 0.25% BVL PERÚ 56,428.20 ▲ 2.68% USD/BRL5.07▼ 1.22% USD/MXN17.41▼ 0.70% USD/CLP922.87▼ 1.08% USD/COP3,245▼ 0.53% USD/PEN3.40▼ 0.19% USD/ARS1,476▼ 0.47% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.33▲ 0.42% 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/BRL5.81▼ 0.13% BRENT 85.68 ▲ 2.86% WTI 79.91 ▲ 2.27% IRON ORE 161.91 — — COPPER 6.42 ▲ 2.97% GOLD 4,083 ▲ 2.15% SILVER 59.38 ▲ 3.03% SOY 1,193 ▼ 0.73% CORN 460.50 ▲ 5.20% WHEAT 638.75 ▲ 1.87% COFFEE 332.50 ▼ 2.61% SUGAR 14.84 ▲ 0.61% ORANGE JUICE 137.10 ▼ 3.82% COTTON 81.07 ▲ 1.55% COCOA 5,580 ▼ 2.04% BEEF 228.73 ▼ 2.56% CATTLE 350.58 ▼ 1.07% LITHIUM 71.65 ▲ 2.01% PETR4 40.85 ▲ 0.47% VALE3 74.49 ▲ 2.25% ITUB4 43.81 ▲ 0.67% BBDC4 18.90 ▲ 0.69% ABEV3 15.95 ▲ 0.76% BBAS3 20.49 ▲ 1.24% B3SA3 15.38 ▲ 1.72% WEGE3 44.47 ▲ 0.18% PRIO3 57.25 ▲ 0.09% SUZB3 41.03 ▼ 1.11% RENT3 40.47 ▲ 0.67% AZZA3 18.99 ▼ 1.20% CSAN3 3.90 — 0.00% RAIZ4 0.34 ▲ 3.03% PCAR3 2.52 ▼ 2.70% GMAT3 3.96 ▲ 0.51% PSSA3 54.63 ▲ 1.09% CVCB3 1.30 ▲ 4.00% POSI3 3.97 ▼ 0.50% SLCE3 13.83 ▼ 0.29% NATU3 8.49 ▼ 1.28% BRKM5 6.83 ▼ 1.59% RANI3 7.98 ▲ 0.38% CSNA3 5.13 ▼ 2.10% CMIN3 5.15 ▼ 5.50% USIM5 8.29 ▼ 1.07% GGBR4 23.10 ▲ 1.23% ENEV3 26.87 ▼ 0.04% CPFE3 47.02 ▲ 0.38% CMIG4 11.13 ▲ 0.54% EQTL3 40.65 ▲ 1.09% LREN3 14.17 ▲ 0.14% VIVT3 35.16 ▲ 1.24% RAIL3 14.14 ▲ 0.21% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.52 ▲ 1.76% RDOR3 36.07 ▲ 1.43% HAPV3 10.61 ▲ 1.43% FLRY3 16.27 ▲ 0.74% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.18 ▼ 1.77% BBSE3 40.33 ▲ 0.12% BPAC11 57.82 ▲ 0.52% CURY3 33.16 ▲ 0.12% AERI3 2.09 ▲ 0.48% VIVARA 23.32 ▲ 0.91% COMPASS 24.93 ▲ 0.65% VAMOS 3.04 ▲ 0.66% SANB11 27.55 ▲ 0.66% ASAI3 8.65 ▼ 0.69% SBSP3 30.43 ▲ 0.20% WALMEX 49.54 ▼ 0.22% GMEXICO 203.65 ▲ 4.12% FEMSA 227.14 ▲ 0.79% CEMEX 22.67 ▲ 4.09% GFNORTE 184.85 ▲ 1.53% BIMBO 55.99 ▲ 0.21% TELEVISA 9.57 ▼ 0.42% AMX 22.73 ▲ 0.62% GAP 388.01 ▼ 4.94% ASUR 277.97 ▼ 0.25% OMA 233.21 ▼ 0.05% KOF 180.57 ▼ 0.61% GRUMA 282.47 ▲ 0.39% KIMBER 38.25 ▲ 0.08% SQM-B 67,900 ▲ 1.03% COPEC 6,057 — 0.00% BSANTANDER 78.00 ▼ 0.26% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 — 0.00% CMPC 1,078 — 0.00% BANCO CHILE 185.93 ▲ 0.50% LATAM AIR 24.90 — 0.00% YPF 77,175 — 0.00% GGAL 8,080 — 0.00% PAMPA 5,225 — 0.00% TXAR 664.50 — 0.00% ALUAR 964.50 — 0.00% TGS 9,570 — 0.00% CEPU 2,319 — 0.00% MIRGOR 17,000 ▼ 1.45% COME 44.78 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 308.25 — 0.00% TELECOM ARG 4,250 — 0.00% ECOPETROL 16.10 ▲ 1.36% BANCOLOMBIA 82.40 ▲ 2.46% GRUPO AVAL 4.93 ▲ 0.41% CREDICORP 393.25 ▲ 1.03% SOUTHERN COPPER 182.88 ▲ 4.78% BUENAVENTURA 31.32 ▲ 5.03% MERCADOLIBRE 1,863 ▼ 0.23% NUBANK 14.19 ▲ 3.77% XP 16.62 ▲ 1.53% PAGSEGURO 9.33 ▲ 0.54% STONE 11.33 ▲ 1.61% GLOBANT 31.65 ▼ 1.48% TECNOGLASS 43.03 ▲ 0.44% GAP AIRPORT 223.75 ▼ 3.88% ASUR 277.97 ▼ 0.25% OMA AIRPORT 107.23 ▲ 1.04% AMX ADR 26.12 ▲ 0.33% FEMSA ADR 130.92 ▲ 1.48% CEMEX ADR 13.09 ▲ 5.14% PETROBRAS ADR 18.11 ▲ 1.29% VALE ADR 14.67 ▲ 3.42% ITAU ADR 8.64 ▲ 1.95% SANTANDER BR 5.47 ▲ 2.15% AMBEV ADR 3.13 ▲ 2.12% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 1.89% LATAM ADR 52.99 ▼ 0.65% BTC 63,646 ▲ 2.26% ETH 1,863 ▲ 5.05% SOL 76.76 ▲ 2.54% XRP 1.10 ▲ 2.85% BNB 578.79 ▲ 2.15% ADA 0.16 ▲ 3.67% DOGE 0.07 ▲ 2.70% AVAX 6.63 ▲ 2.88% LINK 8.27 ▲ 5.07% DOT 0.85 ▲ 1.49% LTC 44.54 ▲ 2.42% BCH 238.48 ▲ 0.95% TRX 0.33 ▲ 0.34% XLM 0.18 ▲ 1.77% HBAR 0.07 ▲ 0.70% NEAR 2.02 ▲ 5.28% ATOM 1.54 ▲ 0.59% AAVE 98.68 ▲ 4.58% SELIC 14.25% EMBRAER 82.91 ▼ 0.12% EMBRAER ADR 65.38 ▲ 1.40% JBS 11.87 ▲ 0.55% JBS BDR 59.85 ▼ 1.25% MBRF3 15.91 ▲ 1.21% MBRFY 3.05 — 0.00% INTER 5.78 ▲ 2.30% IBOV 176,874 ▲ 0.65% IPSA 10,928 ▲ 0.16% IPC MEX 66,605 ▲ 0.96% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,313.36 ▲ 0.25% BVL PERÚ 56,428.20 ▲ 2.68% USD/BRL 5.07 ▼ 1.22% USD/MXN 17.41 ▼ 0.70% USD/CLP 922.87 ▼ 1.08% USD/COP 3,245 ▼ 0.53% USD/PEN 3.40 ▼ 0.19% USD/ARS 1,476 ▼ 0.47% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.33 ▲ 0.42% 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 5.81 ▼ 0.13% BRENT 85.68 ▲ 2.86% WTI 79.91 ▲ 2.27% IRON ORE 161.91 — — COPPER 6.42 ▲ 2.97% GOLD 4,083 ▲ 2.15% SILVER 59.38 ▲ 3.03% SOY 1,193 ▼ 0.73% CORN 460.50 ▲ 5.20% WHEAT 638.75 ▲ 1.87% COFFEE 332.50 ▼ 2.61% SUGAR 14.84 ▲ 0.61% ORANGE JUICE 137.10 ▼ 3.82% COTTON 81.07 ▲ 1.55% COCOA 5,580 ▼ 2.04% BEEF 228.73 ▼ 2.56% CATTLE 350.58 ▼ 1.07% LITHIUM 71.65 ▲ 2.01% PETR4 40.85 ▲ 0.47% VALE3 74.49 ▲ 2.25% ITUB4 43.81 ▲ 0.67% BBDC4 18.90 ▲ 0.69% ABEV3 15.95 ▲ 0.76% BBAS3 20.49 ▲ 1.24% B3SA3 15.38 ▲ 1.72% WEGE3 44.47 ▲ 0.18% PRIO3 57.25 ▲ 0.09% SUZB3 41.03 ▼ 1.11% RENT3 40.47 ▲ 0.67% AZZA3 18.99 ▼ 1.20% CSAN3 3.90 — 0.00% RAIZ4 0.34 ▲ 3.03% PCAR3 2.52 ▼ 2.70% GMAT3 3.96 ▲ 0.51% PSSA3 54.63 ▲ 1.09% CVCB3 1.30 ▲ 4.00% POSI3 3.97 ▼ 0.50% SLCE3 13.83 ▼ 0.29% NATU3 8.49 ▼ 1.28% BRKM5 6.83 ▼ 1.59% RANI3 7.98 ▲ 0.38% CSNA3 5.13 ▼ 2.10% CMIN3 5.15 ▼ 5.50% USIM5 8.29 ▼ 1.07% GGBR4 23.10 ▲ 1.23% ENEV3 26.87 ▼ 0.04% CPFE3 47.02 ▲ 0.38% CMIG4 11.13 ▲ 0.54% EQTL3 40.65 ▲ 1.09% LREN3 14.17 ▲ 0.14% VIVT3 35.16 ▲ 1.24% RAIL3 14.14 ▲ 0.21% KLABIN 17.40 ▼ 0.46% RAIA DROGASIL 18.52 ▲ 1.76% RDOR3 36.07 ▲ 1.43% HAPV3 10.61 ▲ 1.43% FLRY3 16.27 ▲ 0.74% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.18 ▼ 1.77% BBSE3 40.33 ▲ 0.12% BPAC11 57.82 ▲ 0.52% CURY3 33.16 ▲ 0.12% AERI3 2.09 ▲ 0.48% VIVARA 23.32 ▲ 0.91% COMPASS 24.93 ▲ 0.65% VAMOS 3.04 ▲ 0.66% SANB11 27.55 ▲ 0.66% ASAI3 8.65 ▼ 0.69% SBSP3 30.43 ▲ 0.20% WALMEX 49.54 ▼ 0.22% GMEXICO 203.65 ▲ 4.12% FEMSA 227.14 ▲ 0.79% CEMEX 22.67 ▲ 4.09% GFNORTE 184.85 ▲ 1.53% BIMBO 55.99 ▲ 0.21% TELEVISA 9.57 ▼ 0.42% AMX 22.73 ▲ 0.62% GAP 388.01 ▼ 4.94% ASUR 277.97 ▼ 0.25% OMA 233.21 ▼ 0.05% KOF 180.57 ▼ 0.61% GRUMA 282.47 ▲ 0.39% KIMBER 38.25 ▲ 0.08% SQM-B 67,900 ▲ 1.03% COPEC 6,057 — 0.00% BSANTANDER 78.00 ▼ 0.26% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 — 0.00% CMPC 1,078 — 0.00% BANCO CHILE 185.93 ▲ 0.50% LATAM AIR 24.90 — 0.00% YPF 77,175 — 0.00% GGAL 8,080 — 0.00% PAMPA 5,225 — 0.00% TXAR 664.50 — 0.00% ALUAR 964.50 — 0.00% TGS 9,570 — 0.00% CEPU 2,319 — 0.00% MIRGOR 17,000 ▼ 1.45% COME 44.78 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 308.25 — 0.00% TELECOM ARG 4,250 — 0.00% ECOPETROL 16.10 ▲ 1.36% BANCOLOMBIA 82.40 ▲ 2.46% GRUPO AVAL 4.93 ▲ 0.41% CREDICORP 393.25 ▲ 1.03% SOUTHERN COPPER 182.88 ▲ 4.78% BUENAVENTURA 31.32 ▲ 5.03% MERCADOLIBRE 1,863 ▼ 0.23% NUBANK 14.19 ▲ 3.77% XP 16.62 ▲ 1.53% PAGSEGURO 9.33 ▲ 0.54% STONE 11.33 ▲ 1.61% GLOBANT 31.65 ▼ 1.48% TECNOGLASS 43.03 ▲ 0.44% GAP AIRPORT 223.75 ▼ 3.88% ASUR 277.97 ▼ 0.25% OMA AIRPORT 107.23 ▲ 1.04% AMX ADR 26.12 ▲ 0.33% FEMSA ADR 130.92 ▲ 1.48% CEMEX ADR 13.09 ▲ 5.14% PETROBRAS ADR 18.11 ▲ 1.29% VALE ADR 14.67 ▲ 3.42% ITAU ADR 8.64 ▲ 1.95% SANTANDER BR 5.47 ▲ 2.15% AMBEV ADR 3.13 ▲ 2.12% CSN 1.02 ▼ 1.46% GERDAU 4.58 ▲ 1.89% LATAM ADR 52.99 ▼ 0.65% BTC 63,646 ▲ 2.26% ETH 1,863 ▲ 5.05% SOL 76.76 ▲ 2.54% XRP 1.10 ▲ 2.85% BNB 578.79 ▲ 2.15% ADA 0.16 ▲ 3.67% DOGE 0.07 ▲ 2.70% AVAX 6.63 ▲ 2.88% LINK 8.27 ▲ 5.07% DOT 0.85 ▲ 1.49% LTC 44.54 ▲ 2.42% BCH 238.48 ▲ 0.95% TRX 0.33 ▲ 0.34% XLM 0.18 ▲ 1.77% HBAR 0.07 ▲ 0.70% NEAR 2.02 ▲ 5.28% ATOM 1.54 ▲ 0.59% AAVE 98.68 ▲ 4.58% SELIC 14.25% EMBRAER 82.91 ▼ 0.12% EMBRAER ADR 65.38 ▲ 1.40% JBS 11.87 ▲ 0.55% JBS BDR 59.85 ▼ 1.25% MBRF3 15.91 ▲ 1.21% MBRFY 3.05 — 0.00% INTER 5.78 ▲ 2.30%
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Tuesday, July 14, 2026

The Curmudgeon on Clueless

By · August 6, 2013 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – Based on her reactions after the nationwide protests in June, the Curmudgeon has come to the conclusion that Dilma is truly clueless about politics. In her first speech, she proposed three things: importing foreign doctors to work in poor areas; spending all the “pre-salt” oil income on education; and “political reform”.

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Facing opposition from Brazilian doctors, she changed her proposal to hiring Brazilian doctors for poor areas, and adding another two years onto the med school curriculum, with med students working in SUS, the governmental health system. Her own Health Minister opposed this, as did doctors, so she gave in. Clueless.

The split of “pre-salt” oil income has been the subject of vitriolic debate in Congress, and it now seems as if there’s going to be a 75/25 split between education and health, but no one knows what funds will be split — all the income from the exploration, or just part of it. Dilma’s own party (PT) is completely divided over the question, as are her Health and Education Ministers. Clueless.

The “political reform” scenario has been even more laughable. Dilma first suggested a Constitutional Assembly, which would be limited to the question of political reform. But her Vice President (a constitutional law scholar) and the leaders of all the coalition parties in Congress agreed that would be unconstitutional. Clueless.

Clutching for straws, Dilma then proposed to carry out this “political reform” by means of a plebiscite, where the “plebs” (Latin for “povão” or commoners) would get to vote on… something or other, she didn’t say what. Plebiscites require voters to make political choices, so issues must be put forth — but she didn’t have any. Clueless.

She also proposed that this political reform be carried out in August, so that new laws could take effect a year before the October 2014 elections. She consulted, belatedly, the Chief Justice of the Electoral Court (one of her appointees) who told her it couldn’t happen. She then consulted the coalition leadership, who told her it shouldn’t happen. Clueless.

Nothing daunted, she proposed five specific issues for the plebiscite: 1) campaign financing; 2) congressional representation; 3) party coalitions for election campaigns; 4) eliminating “suplentes” or substitute Senators; and 5) eliminating secret votes in Congress. She didn’t know there was legislation pending in Congress on all these issues. Congress beat her to the punch and passed laws on issues 4 and 5. Clueless.

The Congressional leadership explained to her that the first three issues are all intimately linked together and that the dozen political parties allied with PT had at least that many different ideas about how the issues ought to be defined and voted on. The leadership also reminded her that legislation in this area had been pending for ten years since Lula was first elected, and that not even Lula had been able to get them to agree. Clueless.

In late July, hearing widespread calls for “Volta, Lula!” (“Lula, Come Back!”) from her own party and several allied parties, Dilma publicly stated: “Lula never left.” Facing criticism that she has been a mere place-holder for Lula, plus evidence that whenever she gets into some sort of political mess she has secret meetings with Lula, she has done the unthinkable. She has actually admitted what the Curmudgeon knew before she was elected — she has been Lula’s puppet. CLUELESS!

Lula is not clueless, and he is running for President, although he denies it. But that’s another column. Stay tuned.

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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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