Corruption. Former President Michel Temer was arrested on Thursday in the latest Operation Car Wash-related probe, making him the 2nd former president jailed by the anti-corruption task force. Mr. Temer faces a total of 10 inquiries; the one which led to his arrest is connected to a scheme to siphon money from a state-owned nuclear power company. Mr. Temer and his group allegedly pocketed BRL 1.8bn over several decades.
Pension reform 1.The government presented its bill to overhaul the military pension system. President Bolsonaro’s proposal creates savings of BRL 97bn in 10 years—but was accompanied by a bill creating a system of bonuses for the military, which reduces the decade-long savings to only BRL 10.4bn.
Pension reform 2.The privileges for the military, coupled with the president’s lack of commitment to the reform, have soured relations between the government and House Speaker Rodrigo Maia—a constant target of social media attacks by Carlos Bolsonaro, son of the president. Mr. Maia said he won’t pilot congressional negotiations anymore, and advised the president to spend more time working with congressmen and less time on social media.
Former Senator and chairman of Brazilian Social Democracy Party (PSDB) Eduardo Azeredo has left the party. He was likely going to be expelled or asked to leave by the party’s top brass. Azeredo was sentenced to 20 years in prison for corruption and money laundering https://t.co/aAWDpJiKs6
Brazi's Central Bank's decision to intervene in the depreciation of the Real hasn't worked so far, as the U.S. Dollar rate continue to rise around BRL 4.10 on São Paulo's stock market. The Central Bank has decided to tame the loss of value, holding three currency auctions by Wed. https://t.co/xnFWHjVQ8U
. @folha points out mistakes in the request placed by prosecutors to lift the bank secrecy of Flavio Bolsonaro and others. According to the newspaper, some targets were not appointed by the president's son while he served as a Rio de Janeiro lawmaker. https://t.co/gbIUFYIhv8