09 August 2011

BRASIL: Corruption Arrests Net 37...Including Deputy Tourism Minister.

                                   BBC


    More corruption uncovered in President Dilma Rousseff's (above) 7-month long administration.
    Some 200 police swept into Brasil's Tourist Ministry offices in Brasilia, Sao Paulo and Macapa...and arrested 38...including Deputy Minister Frederico Silva da Costa...on corruption charges.
    Police charge they conspired to divert public money for private gain.
    The suspects had allegedly awarded contracts at inflated prices to unqualified firms.
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    No wonder visas cost so much here in the USA...and are annoyingly inefficient to obtain.
   Going to the World Cup..not to mention the Olympics...will be one expensive hassle...as the real returns today to the $1.63 level...from yesterday's retreat to $1.65.