IBOV 170,415 ▼ 0.63% IPSA 10,879 ▼ 0.40% IPC MEX 68,208 ▲ 1.84% MERVAL 3,352,708 ▼ 0.01% COLCAP 2,386.78 ▲ 1.53% BVL PERÚ 56,473.49 ▼ 0.01% USD/BRL5.07▲ 0.12% USD/MXN17.19▼ 0.22% USD/CLP888.73▼ 0.31% USD/COP3,429▼ 1.78% USD/PEN3.41▲ 0.14% USD/ARS1,429▼ 0.07% USD/UYU40.35▲ 1.21% USD/PYG6,094▲ 1.39% USD/BOB6.86▲ 1.83% USD/DOP58.45▲ 0.74% USD/CRC452.40▲ 2.18% USD/GTQ7.61▲ 2.20% USD/HNL26.66▲ 1.33% USD/NIO36.62▲ 0.72% USD/VES591.04▲ 0.74% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▲ 0.23% USD/TTD6.76▲ 1.43% EUR/BRL5.88▲ 0.20% BRENT 80.92 ▼ 2.71% WTI 77.20 ▼ 4.40% IRON ORE 161.91 — — COPPER 6.50 ▲ 0.25% GOLD 4,362 ▲ 0.79% SILVER 70.50 ▲ 0.61% SOY 1,126 ▲ 0.63% CORN 415.25 ▼ 0.06% WHEAT 597.25 ▲ 1.27% COFFEE 258.55 ▼ 1.67% SUGAR 14.12 ▲ 3.22% ORANGE JUICE 154.05 ▼ 5.66% COTTON 76.85 ▲ 4.66% COCOA 4,150 ▲ 6.90% BEEF 243.38 ▼ 2.60% CATTLE 361.38 ▲ 1.11% LITHIUM 84.08 ▲ 4.14% PETR4 39.06 ▼ 5.15% VALE3 81.16 ▲ 2.51% ITUB4 40.40 ▼ 0.49% BBDC4 17.65 ▼ 0.84% ABEV3 16.57 ▼ 0.24% BBAS3 19.39 ▼ 0.36% B3SA3 15.14 ▼ 0.59% WEGE3 42.78 ▲ 0.40% PRIO3 57.10 ▼ 6.91% SUZB3 42.59 ▲ 2.58% RENT3 40.65 ▼ 0.12% AZZA3 17.44 ▲ 1.45% CSAN3 3.27 ▼ 2.10% RAIZ4 0.42 ▼ 2.33% PCAR3 1.76 ▲ 13.55% GMAT3 3.95 ▼ 0.25% PSSA3 49.95 ▼ 1.07% CVCB3 1.38 ▼ 0.72% POSI3 3.75 ▲ 3.02% SLCE3 14.12 ▼ 0.91% NATU3 8.48 ▼ 0.93% BRKM5 9.32 ▲ 2.42% RANI3 7.90 ▼ 0.63% CSNA3 6.09 ▲ 0.66% CMIN3 4.39 ▲ 2.09% USIM5 10.80 ▼ 0.46% GGBR4 23.36 ▼ 2.18% ENEV3 25.06 ▲ 2.12% NEOE3 33.80 — 0.00% CPFE3 44.07 ▼ 0.79% CMIG4 10.73 — 0.00% EQTL3 38.42 ▼ 0.90% LREN3 15.31 ▼ 0.46% VIVT3 33.14 ▼ 1.16% RAIL3 13.27 ▼ 0.67% KLABIN 17.11 ▲ 1.36% RAIA DROGASIL 17.29 ▼ 0.97% RDOR3 33.80 ▼ 0.82% HAPV3 11.42 ▲ 0.18% FLRY3 14.98 ▼ 1.32% SMTO3 16.12 ▲ 2.03% UGPA3 24.10 ▼ 2.82% VBBR3 28.74 ▼ 1.41% BBSE3 37.78 ▼ 0.24% BPAC11 50.88 ▲ 0.97% CURY3 33.08 ▲ 3.02% AERI3 2.34 ▲ 0.43% VIVARA 21.59 ▲ 1.22% COMPASS 25.06 ▼ 0.91% VAMOS 2.98 ▼ 1.65% SANB11 27.09 ▼ 0.15% ASAI3 7.97 ▼ 1.60% SBSP3 27.87 ▲ 1.20% WALMEX 52.69 ▲ 1.17% GMEXICO 214.17 ▲ 2.14% FEMSA 217.48 ▼ 2.32% CEMEX 22.26 ▼ 0.49% GFNORTE 187.01 ▼ 0.87% BIMBO 58.25 ▲ 0.17% TELEVISA 10.20 ▲ 2.51% AMX 23.43 ▼ 1.88% GAP 425.59 ▲ 4.12% ASUR 301.00 ▲ 4.85% OMA 235.98 ▲ 7.64% KOF 185.07 ▼ 1.54% GRUMA 292.33 ▼ 1.26% KIMBER 37.45 ▼ 0.11% SQM-B 74,150 ▼ 1.79% COPEC 6,000 ▼ 1.96% BSANTANDER 73.99 ▲ 0.53% FALABELLA 5,970 ▲ 0.34% ENELAM 79.00 ▼ 0.72% CENCOSUD 2,275 ▲ 1.20% CMPC 1,058 ▼ 0.19% BANCO CHILE 180.51 ▼ 0.82% LATAM AIR 24.60 ▲ 2.76% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 2.34% LOMA NEGRA 3,750 — 0.00% BYMA 305.50 ▲ 0.74% TELECOM ARG 4,570 ▼ 3.89% ECOPETROL 15.69 ▼ 5.37% BANCOLOMBIA 80.14 ▼ 0.07% GRUPO AVAL 5.47 ▼ 1.44% CREDICORP 362.32 ▼ 1.96% SOUTHERN COPPER 193.22 ▲ 1.81% BUENAVENTURA 34.86 ▲ 4.31% MERCADOLIBRE 1,646 ▲ 3.57% NUBANK 12.43 ▲ 1.97% XP 15.81 ▼ 1.31% PAGSEGURO 8.87 ▼ 1.00% STONE 10.99 ▼ 2.40% GLOBANT 36.87 ▼ 1.65% TECNOGLASS 43.88 ▲ 0.21% 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17.29 ▼ 0.97% RDOR3 33.80 ▼ 0.82% HAPV3 11.42 ▲ 0.18% FLRY3 14.98 ▼ 1.32% SMTO3 16.12 ▲ 2.03% UGPA3 24.10 ▼ 2.82% VBBR3 28.74 ▼ 1.41% BBSE3 37.78 ▼ 0.24% BPAC11 50.88 ▲ 0.97% CURY3 33.08 ▲ 3.02% AERI3 2.34 ▲ 0.43% VIVARA 21.59 ▲ 1.22% COMPASS 25.06 ▼ 0.91% VAMOS 2.98 ▼ 1.65% SANB11 27.09 ▼ 0.15% ASAI3 7.97 ▼ 1.60% SBSP3 27.87 ▲ 1.20% WALMEX 52.69 ▲ 1.17% GMEXICO 214.17 ▲ 2.14% FEMSA 217.48 ▼ 2.32% CEMEX 22.26 ▼ 0.49% GFNORTE 187.01 ▼ 0.87% BIMBO 58.25 ▲ 0.17% TELEVISA 10.20 ▲ 2.51% AMX 23.43 ▼ 1.88% GAP 425.59 ▲ 4.12% ASUR 301.00 ▲ 4.85% OMA 235.98 ▲ 7.64% KOF 185.07 ▼ 1.54% GRUMA 292.33 ▼ 1.26% KIMBER 37.45 ▼ 0.11% SQM-B 74,150 ▼ 1.79% COPEC 6,000 ▼ 1.96% BSANTANDER 73.99 ▲ 0.53% FALABELLA 5,970 ▲ 0.34% ENELAM 79.00 ▼ 0.72% CENCOSUD 2,275 ▲ 1.20% CMPC 1,058 ▼ 0.19% BANCO CHILE 180.51 ▼ 0.82% LATAM AIR 24.60 ▲ 2.76% YPF 83,400 ▼ 0.36% GGAL 8,210 ▼ 0.73% PAMPA 5,290 ▼ 0.28% TXAR 694.00 ▼ 0.93% ALUAR 1,029 ▲ 0.19% TGS 9,875 ▼ 0.25% CEPU 2,371 ▼ 1.00% MIRGOR 17,150 ▼ 0.72% COME 44.98 ▼ 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The Double Whammy, or Going Postal

By · October 11, 2011 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – What is it about the Brazilian collective bargaining system that drives people crazy? Let me count the ways. But only the most egregious, because, trust me, there are many more. The 1988 Constitution stated flat out that the right to strike was protected; it did deem illegal strikes which “abused” that right, but didn’t define such abuse.

The Curmudgeon, also known as Michael Royster.
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The Curmudgeon, ever fearless, will define this abuse, because we are currently in the middle of two protracted strikes, both abusive, involving postal workers and bank workers. The former work for the government, the latter (mostly) work for private enterprise. So, what’s abusive? Let me count the ways.

First, we provide a primer for those unfamiliar with the system of payments in Brazil. As elsewhere, bills from public utilities (gas, water, electricity) and credit card statements are mailed to a commercial or residential location.

However, unlike other countries, Brazil does not include a self-addressed envelope asking you to pay by check and mail it back. Rather, the bill contains a barcoded statement, payable at a bank. In other words, the utilities and creditors don’t want to hear “the check is in the mail.”

Why not use checks? Let me count the ways. First, Brazil’s postal service has long been notoriously unreliable. Second, stamps cost money. Third, checks bounce. Fourth (and eco-friendly) stamps and envelopes destroy forests. The same reasoning applies to other payment obligations, e.g. school bills, condominium quotas, car licenses, tax payments–you get a bill to pay at a bank.

But, you protest, the bank workers are on strike! I can’t pay! Nice try, but it won’t work. First, lottery houses now accept payment (cash) for utility bills. Second, ATM machines in banks have barcode readers that allow you to pay by debit. Third, you should have put your utility bill on the direct debit plan, where they take the money out of your bank account every month, no muss, no fuss!

But, you protest, the postal workers are on strike! I haven’t even received the bill, so I can’t pay! Nice try, but it won’t work. The utilities and the creditors and the condominium and the authorities all say, just go online and print up a copy of the bill/statement/payment form.

That’s an option for some – those who have internet and a printer. 75.6 percent of the Brazilian population doesn’t have that access, so, hoof it, doofus! Find a bank that’s open! (Some still are).

This brings us back to the abuse. The bank and postal worker unions know large chunks of the Brazilian population depend upon them to pay their just debts when due—but the bank and postal workers couldn’t care less. They want a bigger paycheck each month, and the public be damned.

This “public be damned” attitude is, of course, immoral. It is exceeded only by the immorality of the banks and the postal service itself. The banks, including the government-owned banks whose profits make Morgan Stanley look second-rate, plead poverty and propose a 0.5 percent real wage increase; the bank workers propose 4.5 percent.

Everyone in this country knows they will settle on 2.5 percent, after the propaganda wars subside. The postal workers are worse, they went to the Supreme Labor Court, had a decision to gain a real two-something percent, and rejected it—because they know the federal postal service will only pay it next year or the year after, if ever.

The double whammy means you can’t win for losing. But once we’re all internauts, people won’t get bills made on paper, sent by post, nor pay them at banks: electronics will rule. And there will be about half as many bank and postal workers as before they went on strike. The Curmudgeon says, “It serves them right!” or, in Portuguese: “Bem feito!”

____
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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