Petrobras Graft Attack Case Study
Back To The Vortex The Petrobras graft probe took a new turn, most surprising even for Brazilian standards. On November 25th the federal police arrested Senator Delcidio do Amaral, the leader of the government in the Upper House and a prominent member of the ruling Workers’ Party (PT). Along with him went Andre Esteves, founder, CEO and controlling shareholder of BTG-Pactual, Brazil’s biggest independent investment bank. The charges are of malicious obstruction of Justice. Based on taped conversations, prosecutors allege that Amaral and Esteves schemed to convince a former Petrobras director convicted of corruption not to sign a plea bargain agreement in exchange for money and facilities to spirit him out of the country should he be given …show more content…
For President Rousseff, however, there is little to celebrate. Her political party, her administration and her reputation are again in the eye of the political storm. Until now, her main line of defense against impeachment has been to argue that the wrongdoings are individual transgressions entirely unknown to her and not attributable to party directives. The leader of the government in the Senate and a top-rank PT member behind bars does not add credibility to her claims. Risk aversion escalated and volatility in asset prices resumed (Charts I & II). It comes at no surprise that vote of bills that address the country’s troubled public finances came to a halt in the Congress. The governing coalition has to pass a revised budgetary law for 2015 to accommodate a deficit of up to R$120 billion and thus comply with Brazil’s Fiscal Responsibility Law. Lawmakers have also to approve the 2016 federal budget and the enabling legislation, notably the DRU mechanism to withhold federal earmarked revenues and reduce primary
Summary Of Santobello V. New York, 404 US
431 Words | 2 PagesTherefore, Santobello was sentenced to a year in jail. Santobello tried to recant his guilty plea since the promise from the former prosecutor was not valid, but his request was denied. Then he tried to make an appeal to the court but the court decided that the just because a prior promise didn’t happen, didn’t
Adnan Syed: Innocent Or Guilty?
867 Words | 4 PagesCristina Gutierrez, his lawyer, was considered an excellent lawyer before Adnan’s trial, but during and after the trial, she started to demanded that her clients give her more money to hire special prosecutors. Normally this is fine, but no special prosecutors where ever hired and she ended up keeping the money. She was later sued and was forced to give back all the money she illegally took. Christina also seem loud and mean during the trial. Although it is illegal to say that someone is guilty based solely on how they or their defence look and act, that doesn't stop jurors that are uneducated about the law.
Summary Of Stories That Changed America By Carl Jensen
1184 Words | 5 PagesThe tradition begun by the journalists in Jensen’s book still continues today. Greg Palast is one such journalist who is following in the footsteps of the muckrakers. He has been called the “most important investigative reporter of our time” by The Guardian and has been responsible for writing front page stories for influential news outlets such as “BBC Television Newsnight, The Guardian, Nation Magazine, Rolling Stone and Harper's Magazine”. His area of expertise is corporate fraud and he has gone undercover to conduct his investigations on five continents. He is responsible for writing influential stories such as “BP's Deepwater Horizon blow-out”, the U.S. role in the coup against Hugo Chavez, Enron’s attempt to buy favors from the British government, and the U.S. Presidential election theft in 2000 in
Flavio's Filthy Favela Analysis
627 Words | 3 PagesMany of the favelas have undergone renovations, and are not as much of an eyesore as they were in the 1960’s. Another positive thing happening in the favelas is the increase of medical care. The available healthcare mostly consists of basic immunizations and emergency care, however, that is a significant improvement compared to the 1960’s. The majority of people would agree that life in Rio de Janeiro is improving, but there are still years of work to be
Personal Narrative Essay: The Trump Administration
791 Words | 4 PagesNovember 8th, 2016 was a moment of reckoning for me, as it must have been for many others. I watched, slack-jawed and dumbfounded, as Donald Trump was elected to the highest office in American politics. Instantly, the world seemed to be a much darker and less promising place than the one I had known only a few moments prior. While it is not surprising that this momentous defeat left many people feeling demoralized and pessimistic about the future, time has shown that this state of affairs was nothing if not fleeting. Proof of this came in January, when the presidential inauguration brought out a wave of political activism and showed the American sprit to have been undimmed by the events of the preceding few months.
Current Event Essay
1040 Words | 5 PagesCurrent Event Essay The 2016 presidential election has been one of the most prevalent events reported in the news for over a year, and it continues to be publicized by the media leading up to the inauguration of president-elect Donald Trump on January 20, 2017. This election process has been a very controversial issue in government because of the drastic differences in public opinion and the division it has caused in the public. Over the course of this semester, this topic has drastically grown and changed--through protests against Trump’s victory, recounts in close states, and lawsuits against the president-elect, to the now-issue of Trump’s possible conflict of interest between his business and his presidency.
Brazil Independence
1689 Words | 7 PagesIntroduction Brazil's independence takes place in a relatively short period of time. Which can be officially placed between February 18, 1822 and March 8, 1824, which, compared to other wars of independence in different parts of the world, we can say that it is smaller, and also comparing the way it is carried out After this independence, we can say that, although the conflict was not totally peaceful, it was a less bloody war, in comparison with the majority of the wars of the other Spanish-American countries. The most important issues about Brazilian independence, which takes place as a result of the Napoleonic wars, will be discussed. To begin to give a context to this event, I will begin by saying that the most important trigger for
Theme Of Deception In The Scarlet Letter
1978 Words | 8 PagesIn fact, controversy, scandal and uncertainty are linked to one shape or form deception, whether direct or subliminal. To be more specific, political tensions and issues are usually a product of deceitful politicians who claim something they never had an intention of achieving and on ones who aren’t sure what they promised and have no clue on how to get it done. Unfortunately this is a common spectacle world wide. For example, in the South American country of Colombia there have been immense tension for the past eight years due to the president’s questionable actions. President Santos has been throwing the peace word around to the international community, but at home the citizens know what he’s doing is negotiating with the FARC terrorist organization “Internationally he is regarded as a Nobel Prize winner for his efforts to end Colombia’s armed conflict, but at home, he is highly unpopular, with disapproval ratings of 71%.
Puerto Rico Hurricane Impacts
720 Words | 3 PagesIn October, President Donald Trump signed a relief bill to help rebuild areas of the country damaged by natural disasters this fall, including up to $4.9 billion in loans to help Puerto Rico’s cash-strapped central government (Connelly Holmes, 2017). This help would significantly help Puerto Rico in the long term, but short term it did little as the bureaucracy took over. The agencies that wanted to help were stuck because of bidding on government contracts and red tape from the federal government. Private businesses and citizens decided to take things into their own hands to help Puerto
Calma Rainy Day Budget Analysis
783 Words | 4 PagesThroughout examining past budgets, it was noticed that states usually tend to shift their expenditures towards the future in order to meet their current period budgets, and this usually occurs with states that have strict balanced budget requirements. The positive aspect towards balancing this city’s budget was to make sure that the budget is spent equally and efficiently on areas that need more focus within the city, since the city does not want any tax increases it should be able to spend money on maintaining basic city services for the neighborhoods as well addressing issues such as pension benefits, employment, employee health benefits and so on. As for the negative aspect to balancing the City of Calma’s budget is that it may not be easy to deal with a budget if the city is going through an economic crisis, there might be a recurring form of deficit spending which causes a negative effect on the value of the dollar. Also, percentages of the budget are usually used in order to finance activities that produce a particularly negative effect on the economic activities. For example, many agencies have relatively small budgets but they enforce great costs on the economy’s private
The Pros And Cons Of Federal Spending
195 Words | 1 PagesLiterature review: spending of government sometimes cannot be stimulative because the government each money may be one dollar can injects to the tax that comes in economy or it is borrow in the future out of the economy. Tax rebates not always help the economy to increase because it comes under government grants and they do not encourage productivity Federal spending is considered as out of control and can grow faster when they are projected in the future that can burdens Americans and making future saddle foe generations with a massive, and cannot be affordable debt. It is necessary that congress should cut current spending and can save for future through entitlement reforms. It can be achievable by not raising taxes and assuring the grants
Bribery In Criminal Law
770 Words | 4 PagesBribery in criminal law refers to the improper acceptance by a public official, juror, or someone bound by a duty to act impartially, of any gain or advantage to the beneficiary, including anygain or advantage to a third person by the desire or consent of the beneficiary. A gain or advantage may be a pecuniary benefit in the form of money, property, commercial interests or anything else the primary significance of which is economic gain. ”“Every person who shall voluntarily offer or receive any benefit as consideration to influence anofficial act to be done or not done, shall be guilty of bribery, and upon conviction thereof shall beimprisoned for a period of not more than three years, and fined three times the value of the9 benefit offered
The Peruvian Earquake
967 Words | 4 PagesThe institute for National Defense (INDECI) gave 5.8 million dollars the regional government of Ica (that includes the cities Pisco and Ica), and 78% of that money were used to hire machinery, but, due the speed and urgency of the emergency situation there were no bid contract and according to Inter Press Service (2007), those contracts were made with companies linked to regional authorities. Some workers informed that those companies where chosen for personal preferences. Those are just some of the corruption acts proven by the Peruvian government, Olken, B. and Pande, R. (2012) says that in the developing countries, the acts of corruption caught are just a little part of the real corruption that exist in that kind of countries. Gade, S. (2012) says that the more percentage of corruption in a region, the less punishment in the same
Enron Political Parties
888 Words | 4 PagesA second front of allegations emerged over Labor’s close ties with Andersen, Enron’s accountants, a company barred from government work for failing to prevent the DeLorean car company collapse. This ban was later lifted, which has caused the rise of awkward questions
More about Petrobras Graft Attack Case Study
Summary Of Santobello V. New York, 404 US
431 Words | 2 PagesAdnan Syed: Innocent Or Guilty?
867 Words | 4 PagesSummary Of Stories That Changed America By Carl Jensen
1184 Words | 5 PagesFlavio's Filthy Favela Analysis
627 Words | 3 PagesArgumentative Essay: The 4th Amendment
515 Words | 3 PagesPersonal Narrative Essay: The Trump Administration
791 Words | 4 PagesCurrent Event Essay
1040 Words | 5 PagesBrazil Independence
1689 Words | 7 PagesTheme Of Deception In The Scarlet Letter
1978 Words | 8 PagesPuerto Rico Hurricane Impacts
720 Words | 3 PagesCalma Rainy Day Budget Analysis
783 Words | 4 PagesThe Pros And Cons Of Federal Spending
195 Words | 1 PagesBribery In Criminal Law
770 Words | 4 PagesThe Peruvian Earquake
967 Words | 4 PagesEnron Political Parties
888 Words | 4 Pages