Bolsonaro calls Brazil “ungovernable” and parties fear radicalization
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The federal government announced massive cuts to the education budget—and tried to turn it into an ideological discussion. How markets performed this week. Bolsonaro calls Brazil “ungovernable” and parties fear radicalization. (This newsletter is for platinum and gold subscribers only. Become one now!)
The week in review
- Bolsonaro 1. A Rio de Janeiro court authorized prosecutors to look into the last 10 years of bank statements of Senator Flávio Bolsonaro—the president’s eldest son. A total of 95 companies and persons linked to him will also be scrutinized. The senator has been accused of being the leader of a corruption scheme, and a report leaked to the press shows that he had earnings which “are not compatible with his declared income,” and have clear characteristics of money laundering operations.
- Bolsonaro 2. The investigation could shed light on the connections between the senator and armed militias in Rio. It could also spill over the president himself, as First Lady Michelle Bolsonaro has received money from a man considered by prosecutors as Flávio Bolsonaro’s financial operator.
- Mining. Vale has informed public prosecutors of structural problems in an iron ore dam located just 134km from Brumadinho, where another dam of the same kind collapsed on January 25, killing 240 people and leaving 32 others missing