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.

Continue reading

The Good, Bad, & Ugly

Longtime readers know that one of the goals of Barataria is to report on news stories that haven’t made the mainstream nooze yet.  Today we have three that are developing into what may yet be the most important economic and political stories of 2013 – the good, the bad, and of course the ugly.

There has been a lot of good news lately on the economy, even as the rest of the world flounders a bit.  It’s that weakness that makes the potential bad news, especially as the world looks to us as a stable and safe place to park money.  But the ugly story comes out of the place we’re used to being a dim spot, the US Congress, supposedly working on an actual budget for the first time in four years.  Think their inaction could screw things up?  Oh, no – it’s what they are doing that is actually much, much worse.  So here are tomorrow’s stories as the develop today.

Continue reading