This week’s episode, “Brazilian football hits fever pitch, literally,” was supported by AMEC, the Brazilian Association of Investors in Capital Markets. AMEC brings together around 60 institutional investors from Brazil and abroad — which have a combined portfolio of over USD 130 billion. AMEC works to support minority shareholders’ rights by fostering governance and stewardship principles that strengthen the market as a whole.
In the middle of the deadliest epidemic in Brazil’s history, recording over 100,000 deaths and 3 million Covid-19 cases, what could the country do to make the spread of the disease even worse?
Imagine you had 60 groups of between 30 and 40 people each, hailing from all over Brazil. Then, they are split into three pools each individual group travels to visit every other group in their pool, with intervals of only three days between meetings. When they do meet, they remain in close physical contact with each other for at least 90 minutes, without wearing a mask.
That sounds like a recipe for disaster, right? Well, that’s what’s happening in Brazil right now, with the national football season kicking off, right in the middle of a pandemic.
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