Brazil Comes of Age

When Brazil scored the 2014 World Cup, due to start next week, it seemed like a perfect plan. The nation, famous for its futbol fever and great parties was due for a coming out festival to celebrate its arrival as the developing nation of the moment – newly booming and ready to show the world that the future had finally arrived. The decision in 2010 was a an easy one.

Sadly, it’s still Brazil after all. Promises have gone unrealized and the people have turned sour on it in a way that no one could have ever predicted. But even this is a major milestone for the nation as it lurches ahead to developed nation status. What exactly will come of it won’t be realized until after the crowds have gone home, but we can say that Brazil, while not as wealthy as it would like to be, has a new-found purpose that can’t be quenched with just another big show.

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Better News Ahead?

It’s a new month, which is as good of a time as any to look around to see how the ongoing stories of the year are progressing. For an election year it’s been very dull, with Congress clearly running on their record of getting nothing done. As we slip into the daze of summer, there hasn’t been good news on the biggest stories running, the economy and Ukraine. But both stories have a chance of improving in the near future.  Here’s what to look for.

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Yes, All Women

“I get it now. I don’t get it. I’ve been trying to say that I understand how you feel, but, I’ll never understand.”
Stan, South Park Episode 1101 “With Apologies to Jesse Jackson”

In many ways, it was inevitable. The shooting spree of Eliot Rodger was bound to happen some day to a young man surrounded by wealth and a sense of entitlement. The rambling screed he left behind made it clear that this was a flip-side to the ridiculous standards of beauty foisted onto women. Misogyny is a poison that affects everyone.

But the reaction to the shooting was not as inevitable – yet long overdue. The first wave of social media comments included some horrific cheers for the shooter, later met with cries that “Not all men” are like this. No, we aren’t, but that doesn’t matter. Somewhere, deep inside millions of women, a rage bubbled out because the point was being missed. All women have to deal with misogyny and fear that any man, any time, any where they are vulnerable might be a threat. Yes, all women.

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The Big Story

There is a rhythm to economic reporting. More than just the seasonal adjustment that makes up most of the fudge in the economic reports, each story has a progress on its way to becoming something suitable for the mainstream media. The biggest stories often take a full year, passing several well defined milestones.

This delay has to do with several factors.  Conventional wisdom seems to rule, which is to say that old news affects the narrative long after it is not exactly true. But the cycles themselves suggest that the real problem is that many reporters really don’t understand what markets and market movers are telling them.

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Oil Patch(work)

On Monday, 12 May, the first comprehensive energy bill in seven years died in the US Senate. It was an amazing bill full of small energy saving provisions that had nearly universal, bipartisan backing. What killed it was an amendment that would attempt to force President Obama to make a decision on the Keystone XL Pipeline – though how effective even that would be is far from clear.

This was a moment rich in irony because this pipeline has long stood in the way of a comprehensive energy policy. Now, it has killed the most simple and obvious conservation measures. Not long ago Barataria backed the continuous delay of this pipeline because better and more inclusive ideas seemed to be bubbling up the longer it was stalled. This piece is a continuation of that one.

There is no substitute for a real energy policy, something that every developed nation except the US already has. In place of that we have a patchwork of projects here and there and very little real control over the situation to protect the environment, conservation, and even basic safety.  That has to change.

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