This is Brazil by the Numbers, a weekly digest of the most interesting figures tucked inside the latest news about Brazil. Random numbers that help explain what is going on in Brazil. This week: Banks’ new round of discounts, police violence causing deaths at a Paraisópolis street party in São Paulo, Brazil’s so-so economic performance, the president v. the press, Big Agro income and Brazil’s lack of access to cinemas.
Send any suggestions to [email protected]
90-percent discounts
It’s time to renegotiate debts. Brazil’s largest banks—Itaú Unibanco, Banco do Brasil, Santander and Caixa Econômica—launched a debt renegotiation program during the week, promising discounts of up to 90 percent on amounts due. The so-called “Negotiation and Financial Guidance Week” will extend banks’ opening hours until 8 pm. Each institution will set its own interest tax rates and discounts, with a 90-percent ceiling. The trading plan task force is supported by the Brazilian Federation of Banks and was announced by the Central Bank on November 21.
Police kill 9 youngsters in Paraisópolis
A police operation in the São Paulo favela of Paraisópolis resulted in nine deaths—with the victims aged between 14 and 23. The operation was launched during a massive Brazilian funk street party in the early hours of December 1.
- Paraisópolis is home to around 100,000 people—and is next to one of the wealthiest neighborhoods in São Paulo. The...