Headline November 01, 2016/ ''' *BRAZIL'S* BANNER '''


BRAZILIANS  BOOED HIM   -as he presided over the opening of the Olympics in  Rio.

He has been accused of taking bribes.The economy he is supposed to rescue is on the cusp of a depression.

Michel Temer, Brazil's new president, may have just recently, vanquished his rival, Dilma Rousseff, in the bruising impeachment battle that resulted in her final removal from office.

*But for President Temer the hard part is just the beginning*.

''Get yourself into the tranches,'' urged Roberto Requlao, a senator from Mr. Temer's party who rebelled by siding with Ms. Roussef in the impeaching vote. 
''Conflict will be inevitable,'' he added, warning that Ms. Rouseff's ouster had cleared the way for an era of intense division in the Brazilian society,

The biggest challenge facing Mr. Temer, who largely operated in the shadows as Mr. Rousseff's vice president before breaking with her earlier this year, is evident: the economy.
Brazil's gross domestic product has plunged 9.7 percent on a per capita basis over the last nine quarters.

The downturn, which Goldman Sachs, likes to a depression has even exceeded  the 7.8 percent decline during the  so-called lost decade of the 1980s, when Brazil grappled with hyperinflation.

Broad swaths of the population are angry with the entire political establishment, especially now that unemployment has surged to 11.6 percent, from 6.5 percent at the end of 2014.

*More than  1.7 million Brazilians have lost their jobs in the last year while politicians like Mr. Temer have been fighting for power*.

''His attack on our democracy will sink the country even in further,'' said Jadson Albino Coswook, 25, a university biology student who has accused Mr. Temer of ousting Ms. Rousseff for his own political gains.

Amid the anger and economic turmoil, Mr. Temer is vowing to push ahead with politically risky economic measures, including privatization of public companies, limits on public spending and an overhaul of a pension system that allows Brazilians to retire an average age of 54.

Mr. Temer took over the presidency on an interim basis in May, when Ms. Rousseff was suspended to face impeachment charge. 

But even with a broad support in a fractious Congress, the early results of Mr. Temer's ambitious agenda have been overwhelming, perplexing some who had expressed support for his new economic team.

''Temer's government is requesting sacrifice from the population, but has pushed for wage increases for public servants who already enjoy job stability,'' said Marcos Lisboa, the president of  Insper, one of Brazil's top business schools.

After the move drew criticism from allies seeking to to curb public spending, Mr. Temer suspended the wage increases. but some analysts still expect the plan to advance at some point because it enjoys support from many legislators in the president's Brazilian Democratic Movement Party.    

Despite doubts about Mr. Temer's government, many Brazilians place blame for the country's economic woes squarely on Ms. Rousseff and her Workers' Party, which held power for more than 13 years.

''To put it simply, the left failed in Brazil,'' said Jacques Klouri, 62, a businessman in Sao Paulo,  ''Temer is fantastic compared with the alternatives. What he needs now is for others to support him.''

Others point out that Mr. Temer could get a boost in the coming months. The economy is still bad, with the authorities reporting that it contracted 0.6 percent from April to June. 

But some economists drew consolation from the data  that showed rise in investments for the first time since 2013, perhaps signaling  a floor to Brazil's most severe economic crisis in decades.

And then, also separately, various political figures and businessmen have tied Mr. Temer to colossal graft schemes around large publicly owned energy companies.

A construction executive has testified that Mr. Temer was the beneficiary of a $300,000 bribe  related to contracts at  Electronuclear, Brazil's state-controlled energy producer. *Mr.Temer denies the claim*.

As Mr.Temer seeks to  dispel doubts about his legitimacy, the corruption investigations that have shaken nearly the entire political system and class are steadily advancing.  

Several ministers in Mr. Temer's cabinet have already resigned over revelations that that they sought to thwart inquiries, raising the possibility that new scandals could emerge.   

On one recent Wednesday, in his first televised address after the Senate's vote to oust Ms. Rouseff,  Mr.Temer seemed to acknowledge the difficult road ahead, signalling out unemployment rate as an alarming problem.

''We have a horizon of two years and four months,'' he said, referring to the amount of time left in his presidential term, which lasts until the end of 2018.

''As of today, the demand will be much greater on this government.''  

With respectful dedication to the Leaders, of the world, Students studying political science, Professor and teachers of the world. See Ya all on !WOW!  -the World Students Society and Twitter-!E-WOW!  -the Ecosystem 2011:

''' All Flailing Economies '''

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless


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